U.S. employers' hiring increased slightly in August from a sluggish pace in July, and the unemployment rate fell for the first time since March, a sign that the labor market is cooling but remains stable. According to a nonfarm employment report released Friday by the U.S. Department of Labor, employers added 142,000 new jobs in … Read more
Japan's economy grew by 3.1 percent on an annual basis in the second quarter, which was much faster than expected. Thanks to a strong increase in consumption, it has recovered from a slump at the beginning of the year and is thus prepared for another short-term interest rate hike. The Bank of Japan had forecast … Read more
Wall Street's major indexes rose in volatile trading as investors sought bargains after a slump in the previous session. At the same time, dovish interest rate comments from Federal Reserve officials lifted sentiment. Most megacap and growth stocks, which collectively lost $200 billion (A$308 billion) in market value on Monday, gained, while Nvidia recovered 2.3 … Read more