BEIJING — China’s youth unemployment rose to a record in May, while major data missed expectations, according to data released Thursday by the National Bureau of Statistics.The unemployment rate for […]
Category: Uncategorized
Fed keeps rates unchanged for first time in 15 months but signals two more potential hikes this year
The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signalled that […]
Bell cutting 1,300 positions, closing or selling nine radio stations amid declining revenues
BCE Inc. BCE-T -2.31%decrease is eliminating roughly 1,300 positions as part of a significant reorganization, citing declining legacy phone revenues as well as losses in its news and radio operations.The roles that are […]
Inflation rose at a 4% annual rate in May, the lowest in 2 years
The inflation rate cooled in May to its lowest annual rate in about two years, the Labor Department reported Tuesday.The consumer price index, which measures changes in a multitude of […]
What one key business indicator is saying about China’s consumer recovery
Marketing revenue rose in the first three months of 2023 for several Chinese internet giants — but not Alibaba, the largest of them all by dollar value. That’s on a […]
Crude Prices Tumble On Fuel Demand Concerns
Published: 6/12/2023 5:56 AM ETOil prices fell nearly 3 percent on Monday amid persistent concerns around the demand outlook and ahead of a slew of key central bank meetings due this […]
Bay Street Seen Opening On Mixed Note
| Published: 6/12/2023 8:13 AM ETCanadian shares are likely to open on a mixed note Monday morning, with investors tracking positive lead from Europe, and commodity prices.With major central banks scheduled to […]
Saputo’s shares down as company forecasts ‘temporary’ consumer demand slowdown
Shares in Saputo Inc. SAP-T -11.17%decrease closed down by 11 per cent Friday after the company’s chief executive cautioned negative consumer sentiment could dampen the outlook for the start of its 2024 fiscal […]
Calendar: June 12 – June 16
Monday June 12China’s aggregate yuan financing and money supplyJapan producer prices and machine tool orders(2 p.m. ET) U.S. Treasury Budget for May.Earnings include: Oracle Corp.; Sprott Physical Gold and Silver […]