The stickiness of inflation is in the US labor market, Tim Moe said. AP US inflation has likely peaked, but a “sticky” labor market gap is an issue, a Goldman Sachs strategist said. Job openings are outstripping the number of available workers by two-to-one in the US. This needs to narrow for the Fed to…
Monthly Archives: September 2022
US Treasury Secretary Janet Yellen seen at a House Ways and Means Committee hearing in Washington, DC, on June 8. REUTERS/Jonathan Ernst/File Photo US Treasury Secretary Janet Yellen said she was hopeful the Fed can achieve a soft landing. “The Fed is going to need great skill and also some good luck to achieve what…
President Donald Trump and Russian President Vladimir Putin in 2019. Mikhail Svetlov/Getty Images Zelenskyy said Trump should have been aware of Putin’s true nature before praising him. The ex-US president has mixed condemnation of the Ukraine war with continued admiration for Putin. Zelenskyy said Trump had been given “plenty of time” to figure Russia’s president…
Slowing growth in apartment rents suggests that core inflation is starting to flatten, according to the Nobel Prize-winning economist Paul Krugman. Neilson Barnard/Getty Images Economist Paul Krugman said slowing growth in monthly rents suggests US inflation is starting to flatten. Month-over-month asking prices for rents have started to fall, according to data from Apartments.com. Apartment…
U.S. President Donald Trump speaks on election night in the East Room of the White House in the early morning hours of November 04, 2020 in Washington, DC. Chip Somodevilla/Getty Images Trump told aides he wouldn’t leave office in the days following the 2020 election, CNN reports. “We’re never leaving,” Trump told an aide, NYT…
(Photo by ANGELA WEISS/AFP via Getty Images) US stocks rose Monday and were on course for a 4th straight win. Wall Street’s major indexes last week broke a string of weekly losses. Investors are thinking about inflation ahead of the August report due Tuesday. US stocks rose Monday as investors rode upside momentum after the…
Roku is rolling out a new version of its operating system to Roku devices around the globe. Roku OS 11.5 and other new features will appear on your device over the “coming months”. Here are the highlights of what to expect. What’s new in Roku OS 11.5? The latest update for Roku streaming devices will…
Roku has announced a couple of new products for the US market – a wireless subwoofer to match with its Streambar, and a new version of the Express streaming device. The 2022 Roku Express comes with a couple of new features, in comparison with its predecessor. It now has dual-band Wi-Fi for more stable wireless…
Niantic, the maker of Pokémon Go, has announced Marvel World of Heroes – a new smartphone AR game set to launch globally in 2023. World of Heroes looks to be the latest in a line of games from Niantic with the company’s usual focus on outdoor play – and another big license for it to…
Epic Games has confirmed the first details of Fortnite’s next season, which will see elements of its battle royale Island consumed by chrome-coloured goo. The new season, which is due to launch this Sunday, 18th September, will be titled “Paradise” – though looks to be anything but. Over the weekend, a series of social media…