Private payrolls surged by 296,000 in April, much higher than expected, ADP says
Hiring at private companies unexpectedly swelled in April, countering expectations for a cooling job market ahead, payroll processing firm ADP…
After First Republic’s rescue, economists predict further pain with a ‘new era’ of higher inflation
After the rescue of First Republic Bank by JPMorgan Chase over the weekend, leading economists predict a prolonged period of…
Job openings fell more than expected in March to lowest level in nearly two years
Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. job…
The First Republic deal has come at a crucial point for the markets and economy
JPMorgan Chase’s takeover of First Republic likely ends the panic phase of the banking crisis, with the fallout left to…
Key inflation gauge for the Fed rose 0.3% in March as expected
Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that…
Euro zone economy ekes out 0.1% growth in first quarter, misses expectations as Germany stagnates
The euro zone economy grew by a marginal 0.1% in the first quarter of the year, preliminary figures showed Friday,…
IMF warns of ‘disorderly’ house price corrections in Europe as interest rates move higher
STOCKHOLM, Sweden — The International Monetary Fund warned Friday of “disorderly” house price corrections in Europe, at a time when…
U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing
Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation…
The banking crisis is having a slow-burn impact on the economy
A banking crisis that erupted less than two months ago now appears to be less a major broadside to the…
A recession is coming — and stock markets won’t come through it unscathed, strategist says
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview…
