Wed, Sep 20 20233:51 PM EDT Goldman’s Wilson-Elizondo says hike next meeting isn’t a ‘done deal’ While the Federal Reserve’s latest release was more hawkish than expected, the main risk the the central bank faces is tarnishing its anti-inflation credibility, which warrants favoring their hawkish reaction, said Alexandra Wilson-Elizondo, deputy […]

United Auto Workers (UAW) members on a picket line outside the Ford Motor Co. Michigan Assembly plant today in Wayne, Michigan. Emily Elconin/Bloomberg/Getty Images The United Auto Workers union strike against General Motors, Ford and Stellantis is unprecedented, as the union has never struck all three companies at the same […]

The U.S. labor market showed strength in September, with private companies adding more jobs than expected, payroll services firm ADP reported Wednesday. Businesses added 208,000 for the month, better than the 200,000 Dow Jones estimate and ahead of the upwardly revised 185,000 in August. Those gains came even as goods-producing […]

BEIJING, Oct 27 (Reuters) – Profits at Chinese industrial firms in September rose 10.1%year-on-year to 646.43 billion yuan ($96.34 billion), National Bureau of Statistics (NBS) data showed on Tuesday, pointing to a firm recovery in the vast manufacturing sector from the coronavirus shock. The latest uptick marked the fifth straight […]