The dollar fell for a fourth straight day against a basket of other major currencies on Friday after a much weaker than expected U.S. payrolls report that is likely to keep the Federal Reserve at bay in scaling back its massive stimulus measures. Nonfarm payrolls increased by 235,000 in August, well short of the 728,000 […]
Spending less on food. Drawing down on retirement savings. Dropping out of the workforce altogether. Last year, the United States massively expanded unemployment aid as Covid-19 broke out. But in the coming days those benefits will end, forcing millions of jobless Americans — some of whom haven’t worked for the entire pandemic — to make […]
Coins of the East India Company. The British made money in India, but they always made more money elsewhere. The substance of the link, its real value to Britain, was not primarily economic: it was geostrategic History has for long been used and misused by all shades of political opinion and ideology. Why the past […]
It’s been a year since Tri-State Generation and Transmission and Xcel Energy announced they would be closing their coal-fired electrical plants and nearby coal mines in northwest Colorado starting in 2028 DINOSAUR NATIONAL MONUMENT, Colo. (AP) – The 10 rafts are secured to the banks of the Green River. The tents are up. The sun […]
Mary had just driven her brand new 1984 VW Rabbit Cabriolet convertible across the Southern Pacific Railroad crossing on Sixth Street in Lincoln. It is one if those “hump” style rail crossings. You need to slow down as you cross or else you will get a severe jar and the entire car will rattle. If […]
USD/CAD continued to trend lower on broad dollar weakness. The dollar lost ground against most major currencies. The exchange rate broke through key support levels, on Thursday and did not retest those levels. The softer than expected U.S. NFP report weighed on the greenback helping the loonie gain more traction. Technical Analysis The USD/CAD dropped […]
The coronavirus appears to be dragging on these parts of the economy again: employment in the leisure and hospitality sector, which added an average of 350,000 jobs a month for the last six months, was level, as restaurants and bars and other food service establishments shed 42,000 jobs, offsetting some gains made by arts, entertainment […]
UK faces shortage of 100,000 truck drivers – industry group Disruption hits supplies to supermarkets and restaurants Brexit and COVID-19 compound recruitment challenge Employers offer hiring bonuses of up to 5,000 pounds LONDON, Sept 3 (Reuters) – Two furloughed jumbo jet pilots and a burnt-out finance worker have been among the more unusual candidates to […]
Sep 4th 2021 THE END of the summer feels too early to be thinking about Christmas, but retailers have little choice. The typical British household spends around a third more than usual in December, and stocking up for the most important trading weeks of the year usually begins around now. This year, however, rather than […]
U.S. stocks rose Thursday after fresh data on the labor market and the trade balance showed that the economic recovery remains on track. The Dow Jones Industrial Average rose 0.4% as of the 4 p.m. close of trading in New York. The S&P 500 added 0.3%, setting a record high. The Nasdaq Composite, which set […]
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