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  • Nov 13, 2024

Australia Hiring Gains Slow Even as Unemployment Is Steady

(Bloomberg) -- Australia’s run of hiring gains slowed in October, while the unemployment rate held steady, underscoring the resilience of the labor market to elevated interest rates. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsArizona Elections Signal Robust Immigrat

  • Nov 13, 2024

Greenlight's Einhorn expects inflation to pick up under Trump

Greenlight Capital President David Einhorn said on Wednesday he has added some inflationary protection to his hedge fund portfolio as he believes that inflation will go up under the government of President-elect Donald Trump. Speaking at the CNBC Delivering Alpha conference, Einhorn said inflation is likely to be between 3.5% and 4.5% next year. In the 12 months through September, the consumer price index rose 2.6%, the Labor Department's Bureau of Labor Statistics said on Wednesday.

  • Nov 13, 2024

A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse

Global sales of personal luxury goods are forecast to shrink in 2025 for the first time since the Great Recession, according to a Bain consultancy study released Wednesday. Its author said the outlook could worsen if the sector is hit by tariffs promised by Donald Trump. Trump has pledged tariffs of up to 20% on imports, saying it would create factory jobs, shrink the federal deficit and lower food prices.

  • Nov 13, 2024

Futures dip as focus shifts to inflation data for clues on Fed's rate path

(Reuters) -U.S. stock index futures edged lower on Wednesday as Treasury yields moved higher and weighed on rate-sensitive equities ahead of crucial inflation data that will offer more clarity on the pace of the Federal Reserve's interest rate reductions. All three major Wall Street indexes closed lower on Tuesday, as a strong rally following the U.S. election lost some steam, while the benchmark U.S. 10-year Treasury yield moved above the 4.4% level on expectations that President-elect Donald Trump's policies could exacerbate inflation.

  • Nov 13, 2024

TSX futures edge lower ahead of US inflation data

Futures tied to Canada's main stock index marginally fell on Wednesday, mirroring Wall Street peers, ahead of key U.S. inflation data due later in the day. December futures on the S&P/TSX index were down 0.07% at 6:04 a.m. ET (11:04 GMT).

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