US job market shrugs off recession fears; keeps the Fed on the tightening path

US job market shrugs off recession fears;  keeps the Fed on the tightening path

Nonfarm payrolls up 263,000 in November Unemployment rate stable at 3.7%; the participation rate decreases Average hourly wages rose by 0.6%; +5.1% on an annual basis WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and hiked wages, shrugging off growing worries of a recession, but that likely won’t stop … Read more

As the Fed plans to “raise and hold,” new projections could show the cost

As the Fed plans to “raise and hold,” new projections could show the cost

WASHINGTON, Dec 2 (Reuters) – The U.S. Federal Reserve’s new projections, released later this month along with an expected half-point interest rate hike, could show the central bank’s target rate heading towards levels seen on Wednesday. last time on the eve of the 2007 financial crisis, and will also reveal policy makers’ best guesses about … Read more

Musk delivers first Tesla truck, but no production or pricing updates

Tesla ships the first Semi to PepsiCo five years after introducing it No order or capacity details for electric truck Semi uses existing Tesla engines to introduce the new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk delivered the company’s first heavy semi-truck on Thursday to PepsiCo (PEP.O) without offering updated forecasts … Read more

Blackstone’s $69 billion REIT is holding back redemptions in a blow to the real estate empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) limited withdrawals from its $69 billion privately traded real estate investment trust (REIT) on Thursday after a spate of buyouts, a major blow to a franchise which helped transform it into an asset management behemoth. The limits came because redemptions hit pre-set limits, rather than Blackstone … Read more

Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months

Nov 30 (Reuters) – Elon Musk said Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed earlier timelines he set. The company is developing interfaces for brain chips that it says could help disabled patients move and communicate again, with … Read more

Sam Bankman-Fried says he ‘never attempted to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt cryptocurrency exchange FTX, attempted to distance himself from the fraud allegations in his first public appearance since his company’s collapse. it stunned investors and left creditors facing billions of dollars in losses. Speaking by video link at the New York … Read more

Fed’s Powell: Rate hikes slow, but the adjustment is just beginning

Nov 30th (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday it was time to slow the pace of upcoming interest rate hikes, also signaling a prolonged economic adjustment in a world where borrowing costs will remain high, l Inflation will come down slowly and the UK States remain chronically short of workers. In … Read more

HSBC is aiming for a bumper dividend from the $10 billion sale of the Canadian unit to RBC

The deal comes amid pressure from the Chinese shareholder Analysts hailed the transaction as “reasonable.” The bank could return the proceeds of the operation to the shareholders LONDON/TORONTO/NEW YORK, 29 Nov. (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian assets to the Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion) in … Read more

Wall Street closes sharply lower, hit by fears of Apple and China

Cyber ​​Monday spending to hit $11.6 billion – report Crypto actions fall on BlockFi’s bankruptcy filing Biogen down after death in Alzheimer’s drug trial Indices end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – US stocks closed sharply lower on Monday as protests in major Chinese cities against tough COVID-19 policies sparked … Read more

Crypto lender BlockFi files for bankruptcy as FTX ripple effect unfolds

The filing follows weeks after the FTX crash FTX listed as creditor no. 2 of BlockFi Bitcoin down more than 70% from 2021 peak Nov 28 (Reuters) – Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty following the spectacular crash of FTX exchange earlier this … Read more