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The January CPI inflation report is due out Friday morning. Here's what it's expected to show
Investors got some good news this week on the state of the labor market and more may be on the way Friday on inflation. The consumer price index, a broad measure of goods and services costs across the U.S. economy, is expected to show a 2.5% gain from a year ago, according to the Dow Jones consensus
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UK economy ekes out 0.1% growth in the fourth quarter
The U.K. economy grew a meager 0.1% in the fourth quarter, according to preliminary figures from the Office for National Statistics on Thursday. Economists polled by Reuters expected the economy to have grown 0.2% over the October-December period, following 0.1% growth in the third quarter. Month-on
The jobs picture still looks muddy, even with surprisingly strong January growth
January job gains were better than anything the U.S. economy saw in 2025 but not still enough to sound an all-clear on what has otherwise been a stagnant labor market. With a gain of 130,000 nonfarm payrolls and the unemployment rate slipping to 4.3%, the lowest since August, the numbers indicated t
Tariff revenue soars more than 300% as U.S. awaits Supreme Court decision
The U.S. government in January ran up a smaller deficit than a year ago, while tariff collections surged and provided a reminder of how pivotal a long-awaited Supreme Court decision could be to federal fiscal health. Customs duties collected through tariffs totaled $30 billion for the month, putting
Here are the five key takeaways from the January jobs report
The January nonfarm payrolls report beat Wall Street expectations in both job creation and the unemployment rate. Here are the top five takeaways: From a headline perspective, the news was good. Nonfarm payrolls rose by 130,000 and the unemployment rate fell to 4.3%, the latter thanks to a boom of 5
The delayed January jobs report will be released Wednesday. Here's what to expect
The jobs report Wednesday could resemble a big nothing, in more ways than one. Economists expect that January's nonfarm payrolls report will show growth that was nil or not much better during the month. On top of that, annual revisions also could reveal that the U.S. economy going back to early 2024
Disappointing holiday season: December retail sales were flat, falling well short of estimate
Consumer activity slowed sharply for the December holiday shopping season amid a spate of rough weather, tariff impact and persistently higher inflation, the Commerce Department reported Tuesday. Retail sales were flat on the month following a 0.6% increase in November, according to numbers adjusted
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Layoffs in January were the highest to start a year since 2009, Challenger says
Layoff plans hit their highest January total since the global financial crisis while hiring intentions reached their lowest since the same period, outplacement firm Challenger, Gray & Christmas reported Thursday. U.S. employers announced 108,435 layoffs for the month, up 118% from the same perio
China's Xi reasserts Taiwan stance in call with Trump, while U.S. president pushes trade
U.S. President Donald Trump said Wednesday that he had a "long and thorough call" with his Chinese counterpart Xi Jinping, naming Iran, Russia's war in Ukraine, China's energy purchases and his upcoming visit in April among the key talking points. Beijing's statement, however, singled out Taiwan as
January jobs report will be released on Feb. 11 after shutdown delay
The January jobs report delayed by the brief government shutdown will be released next week, the Bureau of Labor Statistics said Wednesday. The closely watched report now will come out Feb. 11, five days later than its original release date, according to a revised schedule. In addition, the BLS will
Private payrolls rose by just 22,000 in January, far short of expectations, ADP says
The U.S. labor market barely budged in January, with hiring below even muted expectations, according to a report Wednesday from payrolls processing firm ADP. Private companies added just 22,000 positions for the month and the number would have been negative had it not been for a surge of 74,000 hire
Trump refuses to be outdone by Europe, signing his own U.S.-India trade deal
U.S. President Donald Trump's announcement Monday that he has agreed a trade deal with India comes hot on the heels of Europe's own trade agreement with New Delhi, signaling Washington is not willing to be outdone by its global competitors. The U.S. deal comes after global trading partners like the
