Latest in Weak Jobs Data
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Weak jobs data can’t stop 10-year yield’s climb as stock-market rally lost steam
Bond-market traders shook off Friday’s weak nonfarm payrolls report for October by sending the benchmark 10-year yield to its highest level since early July, which may have sapped some momentum out ...Business - MarketWatch - November 1 -
ISM factory index drops, marking 7th straight month below growth threshold
The malaise that has loomed over the manufacturing sector for the better part of the past two years seems like it will continue, according to one economist.Business - MarketWatch - November 1 -
Weak Jobs Report Provides Fodder For Harris and Trump Ahead of Election
Republicans and Democrats used the latest jobs numbers to bolster their arguments about who would be better at managing the economy.Business - The New York Times - November 1 -
Biden going on campaign trail after weak October jobs report
President Biden will head back out on the campaign trail over the weekend after a rough week for his administration that began with backlash over Mr. Biden appearing to call Trump supporters ...Top stories - CBS News - November 1 -
Faulty jobs data leaves UK hiring picture uncertain, economists say
Minimum wage rise in Budget at time of labour market uncertainty could lead to more unemploymentWorld - Financial Times - October 27 -
10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown
Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...Business - MarketWatch - October 30 -
Jobs Data Come as the Fed Stares Down a Complex Moment
Growth has been resilient, but inflation is cooling. The combination makes it hard to guess how much policymakers will lower rates.Business - The New York Times - November 1 -
Bond traders shake off weak jobs report, send 10-year Treasury yield to 4-month high
Long-dated Treasury yields ended at their highest levels since early July on Friday as traders looked past October’s nonfarm-payrolls report, which came in well below expectations.Business - MarketWatch - November 1 -
Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of ...World - ABC News - 21 hours ago -
10-year Treasury yield closes below 4.3% after Tuesday’s initial selloff fades
Long-dated Treasury yields finished lower on Tuesday after a selloff of U.S. government debt that began during European trading hours faded by the end of the New York session.Business - MarketWatch - October 29 -
2-year Treasury yield sees biggest monthly rise since February 2023
Treasury yields finished little changed on Thursday after a closely followed inflation reading, but booked solid monthly increases.Business - MarketWatch - October 31 -
Muddled Jobs Data May Do Little to Alter Immediate Fed Rate Path
Officials at the Federal Reserve are widely expected to cut rates by a quarter point next week.Business - The New York Times - November 1 -
Shock US jobs data could not have come at worse time for Kamala Harris
With four days until polling day some will recall how in 1970 poor trade figures swung the UK’s general election. With only four days to go until Tuesday’s presidential election, the poor jobs ...World - The Guardian - November 1 -
UK borrowing costs hit highest level this year as gilt sell-off intensifies
Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ BudgetBusiness - Financial Times - October 31 -
Politics is distorting economic data
Partisanship continues to pollute results of influential surveys of consumer and business sentimentWorld - Financial Times - October 25 -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Germany Avoids Recession, but Weak Growth Weighs on Europe
The continent’s economy continued to limp along, expanding just 0.4 percent in the latest quarter, dragged down by a loss of competitiveness.Top stories - The New York Times - October 30 -
Microsoft dips on weak guidance after beating on earnings
Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.Business - CNBC - October 30 -
Carlsberg Misses Sales Expectations on Weak Consumer Backdrop
The Copenhagen-based brewer didn’t meet revenue and sales volumes expectations due to a poor performance in China and other countries, but reiterated its full-year guidance.Business - The Wall Street Journal - October 31 -
STMicroelectronics Cuts Outlook Again on Continued Weak Demand
STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.Business - The Wall Street Journal - October 31 -
Smith & Nephew cuts outlook on China weakness
FTSE 100 medical manufacturer reports price pressures and worse-than-expected demandWorld - Financial Times - October 31 -
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.Business - The New York Times - November 4 -
Saudi Aramco Profit Falls on Oil-Price Weakness
The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.Business - The Wall Street Journal - November 5 -
What are Europe’s biggest weak spots for a Trump presidency?
A second Trump presidency will impact climate policy, trade, the war in Ukraine and EU defenceWorld - Financial Times - November 7 -
Electrolux Shares Tumble After North America Weakness Weighs on Results
Electrolux shares fell sharply after the company reported third-quarter profit that missed analysts’ expectations on continued weakness in North America, where it is turning to promotions to entice ...Business - The Wall Street Journal - October 25 -
Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks
Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.Business - The Wall Street Journal - October 25 -
Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas
Vice-president seeks to energise women voters as White House race against Donald Trump tightensBusiness - Financial Times - October 26 -
Nasdaq hits record high as tech stocks rebound from summer sell-off
Sharp turnaround from 15% slide as investors make ‘heads I win, tails you lose’ betBusiness - Financial Times - October 25 -
Iran mocks Israel’s ‘weak’ attacks as hardliners call for reprisal
Political elite under pressure from variety of sources, with US urging Iran to step back from the brink. Middle East crisis – live updates The Iranian government has belittled the scale and ...World - The Guardian - October 26 -
Bowen: Iran faces hard choices between risks of escalation or looking weak
International editor Jeremy Bowen examines what Iran's response might be to Israel's latest attack.Top stories - BBC News - October 26 -
LeBron's fourth-quarter run uncovers Kings' early-season weakness
Los Angeles Lakers LeBron James' 16-point fourth-quarter frenzy exposed the Sacramento Kings' early-season defensive woes.Sports - Yahoo Sports - October 27 -
Former WaPo editor: Bezos showing ‘weakness’ pulling presidential endorsement
Marty Baron, the former top editor of The Washington Post, is intensifying his criticism of Jeff Bezos, the billionaire owner of the newspaper, over a decision to not endorse a presidential ...Politics - The Hill - October 28 -
BP reports lowest quarterly profit since pandemic on weak oil prices
Energy group pledges to review share buyback plan in February after latest $1.75bn repurchaseBusiness - Financial Times - October 29 -
Investors need clarity on BP policy not boss’s weak promises
Shareholders still do not know if giant will jettison goal to cut oil and gas production by 25% by 2030. There goes another of BP’s shiny targets-cum-ambitions. This one is not related to the pace ...World - The Guardian - October 29 -
BP's Profit Hits Four-Year Low on Commodity Market Weakness
BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.Business - The Wall Street Journal - October 29 -
China's Top Oil Companies Turn in Mixed Results Amid Weak Demand
State-controlled producer PetroChina posted lower profit and revenue, rounding out mixed results for the country’s big three oil companies.Business - The Wall Street Journal - October 29 -
OMV Misses Views as Weak Refining, Oil Trading Hit Results
The energy company’s third-quarter profit tumbled and missed expectations on lower refining margins and sales volumes from its oil-and-gas unit.Business - The Wall Street Journal - October 29 -
Draper keeps winning run going with dismissal of Lehecka at Paris Masters
World No 15 follows Vienna Open title with 7-5, 6-2 victory Jannik Sinner out of tournament with intestinal virus Just a couple of hours after closing out one of the biggest achievements of his ...World - The Guardian - October 29