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US job data: These are the top hiring sectors as 227,000 jobs added in November

The unemployment rate rose slightly to 4.2%. Private education and health services saw the largest gains, while retail trade lost 28,000 jobs.

A pedestrian walks past a
Published on Dec 06, 2024 09:50 PM IST
ByAditi Srivastava

US stocks surge on rate cut hopes ignoring France, South Korea political crises

Negative job growth estimations led to positive Fed rate cut expectations and record high US stocks, ignoring political turmoil in France and South Korea

The Dow finished above 45,000 for the very first time. Most of the gains were from larger tech and AI names like Nvidia and Microsoft.(Representational Image/Pixabay)
Published on Dec 05, 2024 08:36 AM IST

US initial jobless claims dropped to lowest since May last week

Applications for US unemployment benefits fell to the lowest level since May last week.

US jobless applications data have been even more volatile than usual recently as Southeastern states recovered from two hurricanes and Boeing Co. workers ended a weeks-long strike.(Bloomberg)
Published on Nov 14, 2024 08:06 PM IST
Bloomberg | | Posted by Shweta Kukreti

US Dollar hits one-year high amid Donald Trump's economic policies

The US dollar reached a one-year high against major currencies, buoyed by Trump's election and expectations for inflation.

On Thursday, the U.S. dollar hit a one-year high as Trump's election momentum continued, while bitcoin soared to a record $93,480.
Published on Nov 14, 2024 07:22 AM IST
Reuters | | Posted by Tuhin Das Mahapatra

US inflation stays firm for third month with 0.3 percent core CPI gain

US stock futures rose while Treasury yields and the dollar fell. Traders marked up the odds of a December rate cut to around 70%, from about 60%.

The US central bank will also have to contend with a new set of policies under President-elect Donald Trump, with companies already considering raising prices in anticipation of the higher tariffs he’s promised on imported goods.(Bloomberg)
Published on Nov 13, 2024 07:57 PM IST
Bloomberg | | Posted by Shweta Kukreti
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