U.S. retail sales rise unexpectedly, but inflation hampers spending

August retail sales up 0.3% July data revised down, showing a 0.4% decline in sales Core retail sales remained unchanged. July sales revised downward Weekly unemployment claims fall from 5,000 to 213,000 August manufacturing output rose 0.1% WASHINGTON (Reuters) – Americans are buying more cars and eating out more, as the Federal Reserve aggressively raises … Read more

Wall Street staggers to higher close as Fed rate hike looms

Register now for free, unlimited access to register Market sees a 22% chance of a 100 bps rate hike by the Fed -CME Railroad shares fall amid talks to avoid strike Index gains: Dow 0.10%, S&P 0.34%, Nasdaq 0.74% NEW YORK (Reuters) – Wall Street ended a directionless trading session on Wednesday as investors … Read more

A truly self-driving car may not be possible without human help

MILTON KEYNES, England, Sept 12 (Reuters) – An autonomous vehicle (AV) start-up has raised tens of billions of dollars on promises to develop truly self-driving cars, but industry executives and Experts say a remote human supervisor may need to permanently assist a robot driver in need. The central premise of self-driving cars, that computers and … Read more

Slumping US Stock Market Technical Indicators Flash Warning Signs

Register now for free, unlimited access to register NEW YORK (Reuters) – The measure investors use to measure the health of the U.S. stock market has deteriorated, fueling fears that benchmark indices will return to mid-June bear market lows. there is The S&P 500 (.SPX) bounced back in the summer after being devastated by … Read more

Morning Bid: Sell Ripping

People walk past an electronic screen showing Japan’s Nikkei stock index at a convention center in Tokyo on June 14, 2022. REUTERS/Issei Kato/File Photo Register now for free, unlimited access to register Sept. 5 (Reuters) – Jamie McGevery’s Outlook on Asian Markets Wall Street slipped into the red late on Friday, setting a negative … Read more

US employment growth solid in Aug.Labor market pressures are beginning to ease

Nonfarm payrolls increased by 315,000 in August Unemployment rises to 3.7% from 3.5% in July Average hourly wages will increase by 0.3%. +5.2% YoY Average working hours per week decreased from 34.6 hours to 34.5 hours WASHINGTON (Reuters) – U.S. employers hired more workers than expected in August, but modest wage growth and a rise … Read more

U.S. Labor Market Sees Manufacturing Resilience Despite Rising Interest Rates

A classified advertising sign is seen outside a Starbucks in Manhattan, New York City, New York, USA, May 26, 2021. REUTERS/Andrew Kelly Register now for free, unlimited access to register Weekly unemployment claims fall from 5,000 to 232,000 Recurring claims increased from 26,000 to 1,438,000 Layoffs announced by US-based companies fell 21% in August … Read more