Financial 411: Pressure on Local Governm...

Markets Stocks were mixed Friday. The Dow declined 43 points, ending the week at 12,681. But positive reports from chipmakers pushed the Nasdaq 24 points higher, to 2,859. The S&P 500 gained a single point, settling at 1,345. 

Latest Unemployment Numbers New York State and New York City both saw their June unemployment rates tick up to 8 percent and 8.7 percent, respectively. In the city, the securities industry shed 2,000 jobs last month. Local government took an even bigger hit, losing 2,700 jobs. Re ... Show More

Debt Talks Continue on Capitol Hill President Barack Obama said he's now open to a short-term deal to raise the nation's debt ceiling if it will allow time for a broader plan to be put in place. There are 13 days left before the August 2 deadline, when the U.S. risks defaulting o ... Show More

Turns out, businesses kept on hiring in spite of predictions. The Labor Department reports that 216,000 new jobs were added in December, and the unemployment rate held steady at 3.7%. We’ll look at longer-term trends and parse out which sectors saw hiring booms. Then, gadget-make ... Show More

More than a year after a change in government, businesses are closing, unemployment is rising and workers are leaving for neighbouring Australia. As New Zealand's recession continues, uncertainty remains. So what is the government's plan? And could there be brighter times ahead? ... Show More

The US Economy has been booming in recent years and most Americans are doing better than they were a year ago, unemployment is lower, wages are growing, and inflation is declining. It’s not just the one percent either, the statistics show that Americans across ages and social cla ... Show More

Unemployment figures don't always tell the full story when it comes to the state of jobs in Australia. Joel Carrett/AAPBoth the government and opposition are campaigning hard on their abilities as economic managers and jobs and growth have been the Coalition’s election cry. B ... Show More

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into the JOLTS report, the Case-Shiller, the Employment Cost Index, the Employment Situati ... Show More

We live at a time when extreme voices get the most attention and so it is tempting, following a string of weak economic numbers, to yell the word “recession”. However, a balanced assessment of demand and supply suggests that we are, thus far, merely transitioning to slower growth ... Show More

When discussing the economy after the interest rate cuts last week, chair of the US Federal Reserve Jay Powell made an interesting comment about jobs numbers and immigration. “If you are having millions of people come into the labour force, and you are creating 100,000 jobs, you’ ... Show More

The U.S. central bank reduced its overnight borrowing rate by a quarter point to a target range of 4.25% to 4.5%, as expected. However, new quarterly forecasts showed several officials penciled in fewer rate cuts for next year than they estimated just a few months ago, and saw in ... Show More

Latinas’ contribution to the U.S. economy grew more than 50% between 2010 and 2021. In 2021, it totaled $1.3 trillion, new data shows. But despite their economic rise, Latina workers are still overrepresented in certain low-wage jobs. We’ll hear more. But first, Nvidia reported s ... Show More