US JOBS REPORT
Gold set for worst week in more than 2 months; US jobs data eyed
Gold prices are set to decline this week. Trade tension ease is the primary reason. Market focus is now on the U.S. non-farm payrolls report. The United States wants to talk with China about tariffs. Donald Trump has appointed Marco Rubio as interim national security advisor. Chinese markets will reopen on May 6 after Labour Day holiday.
Asian stocks edge up, US futures erase losses on China trade talks
The MSCI Asia Pacific Index gained 0.1% after China’s Ministry of Commerce said it’s evaluating negotiations. Japanese shares gained 1.1% on positive comments from Japan’s chief trade negotiator. Futures contracts for the S&P 500 reversed earlier losses to gain 0.2%.
George Clooney's wife Amal to face ban from entering US along with other high-profile lawyers? Here's the truth
Amal Clooney, a prominent UK lawyer and wife of George Clooney, may face a US entry ban due to her involvement with the International Criminal Court's investigation into the situation involving Israel and Gaza. This stems from her legal advice provided in a war crimes case against Israeli Prime Minister Benjamin Netanyahu.
Gold price forecast: Why did gold fall below $3,300 and what Trump's new China tariffs and upcoming US jobs data mean for gold’s next big move
Gold price forecast: Gold price slipped below $3,300 this week, raising eyebrows across markets. Investors are now closely watching US economic data, the dollar's strength, and Trump’s fresh trade moves. This dip comes after gold's record-breaking rally, but shifting risk sentiment and easing geopolitical fears have shaken its safe-haven status. With rate cut hopes still alive and global cues uncertain, will gold rebound or drop further?
US private sector hiring cools sharply amid tariff uncertainty
US private sector hiring experienced a significant slowdown in April, with only 62,000 jobs added, according to ADP data. This figure fell considerably short of market expectations, reflecting employer unease amid policy and consumer uncertainty, particularly surrounding President Trump's tariff implementations. Several sectors, including education, health services, and information, witnessed job losses during the period.
Tesla board opened search for a CEO to succeed Elon Musk
Tesla’s board began searching for a new CEO about a month ago due to concerns over Elon Musk’s focus on his government role and Tesla’s falling profits. It’s unclear if Musk knows about the search or if his recent pledge to spend more time at Tesla affects the plans.
U.S economy in dire straits? Housing market roiled as mortgage demand drops and hiring slows
US housing market faces headwinds as mortgage applications decline amid economic uncertainty and a weakening labor market. Despite relatively flat mortgage rates, consumer confidence is dampened, leading to subdued home purchase activity. Refinancing also slows, with borrowers awaiting more significant rate drops, while concerns rise over slower wage growth and its impact on hiring decisions.
First casualty of Donald Trump's tariffs and trade war: UPS to cut 20,000 jobs amid drop in Amazon shipments
UPS will cut twenty thousand jobs. This is due to reduced shipping volume from Amazon. The company will also close seventy-three facilities by June this year. UPS anticipates saving three point five billion dollars this year. The company is also concerned about the impact of the US-China trade war. UPS aims to boost its profitability through these measures.
Trump created 345,000 jobs in 100 days of his office? What White House said
Donald Trump added around 345,000 jobs during his first 100 days. A White House memo highlights economic gains. Private sector employment increased. Federal jobs decreased. Inflation declined. Trump touted investments and manufacturing revitalization. He will hold a rally in Michigan and will visit Selfridge Air National Guard Base on the ocassion.
US stocks end higher after choppy trade as earnings, data, tariffs gauged
U.S. Treasury Secretary Scott Bessent predicted China could lose 10 million jobs quickly due to tariffs, but signaled progress on trade deals with other countries including Japan and India.
April gloom: Americans brace for economic storm as confidence plunges to 2020 lows, with job market fears echoing Great Recession woes
US consumer confidence has hit its lowest point in five years, sparking fears about the economy as tariffs and rising prices weigh heavily on Americans. The latest data from The Conference Board shows consumer confidence fell to 86 in April, a steep drop blamed on President Trump's new tariffs on imports and goods from China. Worries about a potential recession, job slowdown, and reduced spending are growing fast. With fewer people planning big purchases or vacations, the economy may be slowing down more than expected. Dive into the full story to understand what this means for your wallet and future.
US stock market today: Dow jumps 230 as Nasdaq slides and S&P stumbles; UPS cuts, Trump tariffs rattle Wall Street in worst 100-day start for markets in 50 years
US stock market today: Dow Jones today surged 230 points even as the S&P 500 slipped and the Nasdaq fell, wrapping up a wild day on Wall Street. Big headlines like UPS job cuts and Trump’s new China tariffs shook investors. With fears rising and major indexes moving in different directions, the U.S. stock market is now facing its worst 100-day start under any president in over 50 years. From tech stocks tumbling to new trade tensions, this market is giving investors plenty to worry about.
US job openings fall to 7.2 million in March, the lowest level since September
America saw a dip in job vacancies during March. This decline occurred amidst concerns over Donald Trump's trade policies. The Labor Department reported 7.2 million openings, a decrease from previous months. However, more Americans voluntarily left their jobs. Layoffs also reached their lowest point since June. Experts suggest employers are retaining current staff.
UPS Q1 earnings: United Parcel Service to slash 20,000 jobs, shut 73 sites amid Amazon pullback, economic uncertainty
United Parcel Service (UPS) will eliminate 20,000 positions and shut 73 facilities as it prepares for a decline in Amazon deliveries and deals with economic uncertainty. Though experiencing a slim revenue drop, UPS surpassed earnings projections for Q1.
Export employment to dive if trade war persists: US business group
Escalating trade tensions between the U.S. and China, triggered by tariff hikes, are jeopardizing American jobs and economic growth. China's 125% retaliatory tariffs on $140.7 billion of U.S. exports threaten over 862,000 jobs, particularly impacting the South and Midwest regions dependent on agricultural exports. The US-China Business Council urges negotiation to avert further economic damage.
Gold falls on easing trade war concerns; US data awaited
Gold prices experienced a decline on Tuesday as easing trade tensions between the U.S. and its trading partners diminished the metal's safe-haven appeal. Investors are closely monitoring upcoming U.S. economic data releases, including job openings, personal consumption expenditures, and non-farm payrolls, to assess the Federal Reserve's policy direction amidst global recession concerns.
Trump's tariffs stir economic uncertainty: Is a 2025 recession on the horizon for the U.S?
Tariffs imposed by US President, Donald Trump, have created economic uncertainty. Economists are divided on whether a recession will occur in 2025. Some rely on real-time data, while others trust consumer sentiment. Key indicators like jobless claims and retail sales offer mixed signals. The stock market's decline raises concerns. Tariffs are expected to impact consumer purchasing power later this year.
US stock market predictions: S&P 500, Dow Jones Nasdaq look to rise further; All eyes on Apple, Microsoft
S&P 500, Dow Jones, and Nasdaq investors are eyeing to recover from the volatile situation due to Trump tariffs.
Wall Street Week Ahead: Big tech earnings, US jobs data highlight busy week for markets
The US stock market is set for a crucial week. Corporate results from Apple and Microsoft are awaited. Global trade developments could bring volatility. US employment report and economic growth data are also due. Investors are assessing if the recent market strength will continue. Tariff uncertainties and their impact on company profits are key concerns.
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