ECONOMY & MARKETS

The cooling inflation rate in the United States means smaller increases for 70 million people who are collecting benefits.

According to the Energy Information Administration, U.S. dry gas production is expected to decrease from last year's 103.8 billion cubic feet per day (bcfd) to 103.5 bcfd this year.

Beijing has struggled to reignite business activity as officials target around five percent expansion, which analysts say is optimistic given the numerous headwinds, from a prolonged housing crisis to sluggish consumption and local government debt.

The recovering U.S. economy showed it isn't out of the woods yet when it comes to a soft landing as three frightening factors reared their ugly heads on Monday.

'Brent crude is back to challenge $80' a barrel, Ole Hansen, head of commodity strategy at Denmark's Saxo Bank, said in a note to investors.

The report could affect the pace of interest rate cuts

Chief U.S. economist at Bloomberg Economics, Anna Wong, said that the payroll growth count may turn out to be a surprise for some. She expects a higher figure for the September jobs: 188,000.

The International Longshoremen's Association launched a work stoppage on Tuesday.

The farms in Costa Rica and Guatemala will work to mitigate the effects of climate change on coffee production.

A strike at the Port of Virginia "began at 12:01 am," the port said on its website, adding that talks between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) shipping group "have reached an impasse."

Business group United States Maritime Alliance (USMX) announced late in the day that counter-offers had been exchanged with the International Longshoremen's Association (ILA), but tens of thousands of dockworkers could still walk off the job after midnight at the expiration of their six-year contract unless more concrete progress was made.

The United States is set to see inflation cool further towards policymakers' target, Federal Reserve chair Jerome Powell said Monday, with interest rates likely to come down over time, too.

Many big retailers have tried to prepare for the looming job action by stockpiling merchandise ahead of the anticipated job action.

Britain's economy grew less than initially estimated in the second quarter, revised official data revealed Monday, dealing another early blow to new Prime Minister Keir Starmer and his Labour government.

The Federal Reserve's preferred inflation measure rose just 0.1% in August, according to Commerce Department data

Rates are a full point lower than a year ago

The decline was the largest since 2021.

The stock hit a high of $79.38 earlier this year but was trading below $14 a share on Friday morning.

Unemployment claims in the U.S. dropped in 4th-month low, which signals better conditions in the job market.

Fueled by the Federal Reserve's aggressive cut in the benchmark rate on Wednesday, Wall Street set all-time highs Thursday.

Year-over-year, the average number of days homes remained on the market also increased.

The central bank's federal funds rate had been at a 23-year high.

France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances.

The US Federal Reserve began a two-day interest rate discussion on Tuesday that is all-but-certain to end with its first cut since March 2020, as inflation continues to ease.

Consumer spending remained strong in August as U.S. retail sales beat expectations, lending more credibility to the Federal Reserve's pending reduction in interest rates.

The US economy is at an "important turning point," the top economic advisor to President Joe Biden said Monday, calling for safeguards to be put in place to protect gains made in the labor market, ahead of a key Federal Reserve interest rate decision.

The one thing U.S. economists are counting on this week is a much-anticipated interest rate cut by the Federal Reserve. However, the fallout from Wednesday's expected move is not so certain.

The federal regulatory agency said it carried out 11 enforcement actions in 2024, levying an average fine of $426 million

Shoppers are perceiving more favorable prices and they expect more improvements in the coming year.