Breaking News

The Turkish lira fell to a new record low above nine lira to the dollar on Tuesday, October 12th, affected by uncertainty about political pressures to cut interest rates further and the dollar’s rise in general. The price of the lira recorded its record level, which it reached last night …

Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August’s print of 235,000 got revised higher to 366,000. the …

There were 326,000 initial claims for unemployment benefits in the US during the week ending October 2, the data published by the US Department of Labor (DOL) revealed on Thursday. experts’ estimates agreed that US unemployment claims are expected to reach 348,000, and these numbers are positive. Yesterday, the ADP …

Employment in the US’ private sector rose by 568,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading came in stronger than the market expectation for an increase of 428,000. Meanwhile, August’s print got revised down to 340,000 from 374,000.

Senator Elizabeth Warren said revelations about investment transactions last year by Federal Reserve officials calls into question Jerome Powell’s leadership of the U.S. central bank.“For Fed officials to actively trade in the market raises legitimate questions about conflicts of interest and insider trading,” the Massachusetts Democrat said Tuesday during a …

The European Central Bank is closely watching inflation expectations and wage developments as predicting the length of disruptions caused the economy’s post-pandemic reopening is difficult, ECB President Christine Lagarde said. “We should not overreact to supply shortages or rising energy prices, as our monetary policy cannot directly affect those phenomena”, …

Canada’s merchandise trade surplus with the world widened to C$1.94 billion in August from C$736 million in July, the monthly data published by Statistics Canada revealed on Tuesday. This reading beat the market expectation for a surplus of C$0.35 billion by a wide margin.

Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.The Democrats said to have backed the need to trim the top line of the …

Facebook, Instagram, WhatsApp and a handful of other apps suddenly crashed Monday afternoon, turning up error messages to its millions of users around the world. All of the apps that went down are owned by Facebook. The major outage comes as Facebook finds itself in hot water over its role …

U.S. states saw an unexpected increase in initial jobless filings last week, even as companies across industries looked to bring on workers to fill widespread vacancies. The US Labor Department said on Thursday that first-time government jobless claims increased by 11,000 to a seasonally adjusted 362,000 for the week ending …