EUR/GBP rallies 100 pips from weekly lows to 0.8711 after dismal US jobs report.US adds just 73K jobs in July; prior months revised down by 258K.Eurozone HICP holds at 2.4% YoY; Core inflation beats estimates at 2.0%.UK Manufacturing PMI slides to 48.0, reinforcing BoE cut expectations for next week.The EUR/GBP…
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Senate Banking Committee Chairman Tim Scott, R-S.C., outlined why banking regulators are the root of the issue when it comes to shutting down American bank accounts, also known as de-banking, because regulators “just don’t like them.” Banking regulators operate under an “alphabet soup” of federal agencies, and sources on Wall Street told Fox News Digital that when a regulator speaks, whether couched as a rule, guidance, or even a simple conversation, banks have little choice but to…
McDonald’s is shaking things up later this summer with new drink options, including cold brews…
USD/JPY drops from 150.91 to 147.28 on soft Nonfarm Payrolls.Pair falls below 200-day and 20-day…
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2025-08-02T10:28:02Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log…
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American-born job growth surged by close to 2 million in the last 12 months as jobs among foreign-born individuals declined during the same period, according to data by the Bureau of Labor Statistics (BLS). The number of native-born Americans aged 16 and over increased between July 2024, under the Biden…
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The latest job report confirms what many job seekers have been feeling: The market really is that bad.For those who have been applying to thousands of jobs or slogging through grueling interview rounds only to get passed over, the numbers aren’t likely surprising.”Things have ebbed and flowed,” Stephanie O’Neill, a…
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The Federal Market Open Market Committee expects interest rates to move down in 2025. Fixed income markets see two cuts coming, taking rates to 3.75% to 4% by December as the most likely outcome, down from 4% to 4.25% today. However, for quite some time the labor market has held…
