U.S. Payrolls Beat Forecasts, Easing Rate Cut Pressure as Labor Market Holds Firm

The average hourly earnings increased by 0.2% month-month and 3.7% year-on-year, indicating that the wage increase remains stable without triggering immediate inflation concerns. This mixture of stable wage benefits and medium employment growth can give the Federal Reserve a place to maintain its current policy path, monitoring the softening of inflation. Putting on government work…

Read More

Dow Jones: Nike Earnings Beat Fails to Impress, Stock Slides in After-Hours

How serious was the effect of turnaround on Nike’s financial? Nike officials confirmed that this quarter represented the peak of financial pressure from its multi-step turnaround plan. The CFO Matt Mitra labeled it the “biggest financial impact” period and said that the worst appears behind them. However, recent quarters have shown a deteriorating atmosphere, and…

Read More

Housing Starts Plunge as Layoffs Rise—Is the U.S. Economy Losing Its Momentum?

The single-family rises slightly above 924,000-0.4% above April-for minimal relief. The building permit, a forward -looking indicator, also declined from 2% to 1.393 million, suggesting that the recession may remain in summer. The single-family permit fell 2.7%, while the multi-family authority fell to 444,000 units. Perfection increases, but can builders maintain speed? Housing perfection offered…

Read More
gift a book More Than a Motorcycle: The Royal Enfield Bullet Story