Economy

By Caroline Valetkevitch NEW YORK (Reuters) -The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak. U.S. job gains increased in September by the most in six months, and the unemployment rate fell…

By Ann Saphir(Reuters) -A surge in U.S. job growth has financial markets betting the Federal Reserve will follow last month's half-point interest rate reduction with smaller moves, and ignited a debate over whether the policy rate ends up at a higher level than previously expected.A Labor Department report on Friday showed employers added…

By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy likely maintained a moderate pace of job growth in September while the unemployment rate is expected to have held steady at 4.2%, which would further reduce the need for the Federal Reserve to deliver large interest rate cuts in its final two meetings of the year. The labor market,…

French President Emmanuel Macron has warned that the EU "could die" as he issued a warning about over-regulation and under-investment. Speaking at the Global Dialogue event, Macron expressed grave concerns about the EU's economic competitiveness compared to China and the United States."The EU could die, we are on a verge of a very important…

By Jihoon Lee SEOUL (Reuters) - South Korea's consumer inflation cooled more than forecast in September and below the central bank's target for the first time since early 2021, amid growing expectations of an imminent policy easing. The consumer price index (CPI) rose 1.6% in September from a year earlier, after a rise of 2.0% in August, data…

China’s stimulus package unveiled in the run-up to a holiday marking 75 years of the People’s Republic was greeted as a gift by ecstatic domestic investors. Now foreign investors need to decide whether to join the party.The package, which targeted the country’s depressed stock and property markets, helped drive the benchmark equity index up 24…

According to this week’s release from the commerce department, the US economy has been growing at its fastest pace in almost 40 years. Corporate profits are their highest in 70 years. And the stock market, although gyrating wildly of late, is still scoring record gains.So why do most Americans remain gloomy about the economy? Mainly because…

By Jihoon LeeSEOUL (Reuters) - South Korea's factory activity contracted at the sharpest pace in 15 months in September as overseas demand slowed for the first time in the year, a private survey showed on Wednesday, suggesting a slow road to a full-blown economic recovery.The purchasing managers index (PMI) for manufacturers in Asia's…

It thus makes sense that Draghi recommends abandoning such sectors where China’s cost advantage is too big — even if due to subsidies. He does, however, consider the automotive industry, and potentially many other clean-tech sectors, too important to expose to unfettered Chinese competition. So, first, Draghi recommends tariffs to defend…

Wholesale prices rose more than expected in November as food prices surged, dampening hopes that inflation could be headed lower, the Labor Department reported Friday.The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago, which was the slowest 12-month…