US labor market starts to cool as weekly jobless claims rise, layoffs surge

US labor market starts to cool as weekly jobless claims rise, layoffs surge

Weekly jobless claims increase 4,000 to 235,000 Continuing advance claims 51,000 to 1.375 million Announced job cuts jump 57% to 32,517 in June Trade deficit narrows 1.3% to $85.5 billion in May WASHINGTON, July 7 (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and there are growing … Read more

Inflation at 24-yr high adds to strains in South Korea’s economy

Inflation at 24-yr high adds to strains in South Korea's economy

A woman wearing a protective mask is seen at a fish market amid the coronavirus disease (COVID-19) outbreak continues in Seoul, South Korea April 5, 2020 REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June inflation at highest since 1990s Asia financial crisis Foreign exchange reserves fall in June by most since … Read more

S&P 500 limps to slightly lower close as quarter-end looms

S&P 500 limps to slightly lower close as quarter-end looms

US economy contracted in Q1; consumer spending revised lower General Mills rises as sales beat on higher prices Bed Bath & Beyond replaces CEO, shares tumble Dow up 0.27%, S&P down 0.07%, Nasdaq off 0.03% NEW YORK, June 29 (Reuters) – The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered … Read more