Nokia said Thursday it will cut up to 10,000 jobs worldwide by the end of next year, part of an accelerated cost reduction program at the Finnish cellphone maker.
June 05 2012
Jobs report likely dampens growth outlook: Fed’s Evans
Tagged Under : Chicago Federal, Chicago Federal Reserve, Chicago Federal Reserve Bank, jobs
The president of the Chicago Federal Reserve Bank, Charles Evans, said on Tuesday that the May U.S. jobs report will likely dampen his own expectations for U.S. economic growth. “It’s hard to imagine …
European stocks were mixed Monday, while Asian stocks sold off in reaction to last Friday’s U.S. jobs report that was released after Asian markets had closed.
Businesses hired far fewer workers than expected in May, throwing into doubt the strength of the economic recovery.
Stock futures plunged, the 10-year yield on U.S. Treasuries hit another record low and a world market sell-off gained steam early Friday after a U.S. jobs report fell far short of expectations.
The rate of manufacturing growth slowed in May, according to a purchasing manager’s report out on the same day that the government released disappointing jobs numbers.
U.S. light crude oil fell more than $3 per barrel on Friday in a general market sell-off as poor U.S. jobs data followed weak Chinese figures to deepen worries over the prospects for global economic growth. …
The 17-nation eurozone’s unemployment rate reached the highest level since the creation of the common currency 13 years ago, climbing to 11% in April as employers slashed 110,000 jobs.
U.S. stocks were headed for a positive open Thursday, the last day of a wretched month that saw Treasury yields in the U.S. fall to record lows, while Spain and Greece kept contagion worries front and center.
May 30 2012
Fed’s Fisher: More easing wouldn’t help U.S. economy
Tagged Under : economy, Fed Fisher, federal reserve, jobs
U.S. corporations are not seeking more liquidity from the Federal Reserve, and further monetary easing is unlikely to help on the jobs front, a top Fed official said on Wednesday. “I don’t hear any …
