Scott Kidd didn’t expect a particularly busy job when he became city manager of Liberty, North Carolina, a former furniture and textile center whose rhythm more recently has centered around an annual antiques festival. Those quiet times less than three years ago soon turned into a whirlwind. Toyota announced plans to build a battery factory…
A job seeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring is likely to continue quickly in April as investors look for gaps in the labor market that could influence the Federal Reserve. According to the Dow…
The Federal Reserve spent much of 2022 and 2023 focusing narrowly on inflation while policymakers set interest rates: prices rose far too quickly, making them the central bank’s top priority. But now that inflation has cooled, officials are again more clearly incorporating the labor market into their decisions. A possible challenge? It is very difficult…
People walk in the rain across London Bridge in central London. Picture date: Tuesday March 12, 2024. Lucy North – Pa Pictures | Pa Pictures | Getty Images Britain’s “sluggish” growth prospects are on track to be the worst-performing economy of any developed nation next year, according to new forecasts from the Organization for Economic…
Federal Reserve officials left interest rates unchanged and signaled they were mindful of how stubborn inflation would prove, paving the way for a prolonged period of high borrowing costs. The Fed kept interest rates steady at 5.3 percent on Wednesday, leaving them at their highest level in more than two decades, where they have been…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the global policy agenda at IMF headquarters during the IMF-World Bank Spring Meetings in Washington, DC on April 18, 2024. Almond Ngan | Afp | Getty Images Kristalina Georgieva, managing director of the International Monetary Fund, played down the prospect of negative…
Ben Houchen, a regional mayor in the north of England, is facing a tight race for re-election, partly due to the broader problems facing Britain’s Conservative Party. Source link 2024-05-02 01:25:03 www.nytimes.com
According to ADP, private payrolls rose faster than expected in April, suggesting there are still plenty of tailwinds for the U.S. labor market. A separate report noted that job vacancies continue to decline, falling to their lowest level since the start of 2021. The payroll company reported Wednesday that companies added 192,000 workers this month,…
Federal Reserve officials left interest rates unchanged, signaling they are aware of how stubborn inflation is proving, paving the way for an extended period of high interest rates. The Fed kept borrowing costs steady at 5.33 percent on Wednesday, keeping them at their highest level in more than two decades where they have been set…
The BlackRock logo is displayed at the company’s headquarters in New York City on November 14, 2022. Leonardo Munoz | Getty Images Asset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia’s Public Investment Fund, the kingdom’s sovereign wealth fund. Tuesday’s announcement followed…
