Tag Archives: Economy

Billionaire bond investor Jeffrey Gundlach, the founder and CEO of $137 billion DoubleLine Capital, says his number one conviction over several years is that the U.S. dollar will decline as a consequence of current economic policies, resulting in the U.S. losing its sole reserve currency status. “My number one conviction looking forward a number of years — I’m not talking about the next few months at all, I’m talking about several years — is that the dollar is going to go down,” Gundlach… Source link

Central bankers will convene virtually this week to discuss an “uneven economy,” which could ignite a debate on the Federal Reserve’s policies as they relate to racial inequality and climate change. The Fed’s annual Jackson Hole Economic Symposium is set to kick off on Thursday with the theme: “Macroeconomic Policy in an Uneven Economy,” a departure from the vague themes of years’ past (i.e. “Implications for Monetary Policy” and “Challenges for Monetary Policy”). In… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, August 20, 2021 More signs of a summer swoon for economic growth On Thursday morning, we noted that challenges were emerging for the health of the economic expansion, mostly due to the still-raging COVID-19 pandemic.  Those signs continued into the end of this week.  After highlighting that at least two Wall Street firms had either cut or… Source link

By Janet Yellen, U.S. Secretary of the Treasury For more than a generation, America has underinvested in the public goods that are the foundation of our economic growth: infrastructure, education, childcare. Our funding for them has been on a downward trajectory for nearly forty years. In 2019, it was about three-quarters of what it was in the 1970s. On Tuesday, the United States Senate began to turn the page on this unfortunate chapter in our economic history and, with two pieces of… Source link

After the July jobs report showed the biggest employment increase in almost a year, the Biden administration is urging Americans to get vaccinated to stave off health and economic threats posed by the Delta variant.  “[We] can’t let this get out of control,” U.S. Labor Secretary Marty Walsh said in an interview with Yahoo Finance Live. “We’re at a certain fragile point in our economy right now. Things are moving in the right direction. People are traveling. Tourism is picking up…. Source link

U.S. employers added back more jobs than expected last month, with payroll gains moving in tandem with improving economic activity and consumer mobility during the recovery. The jobless rate also fell to the lowest level since March 2020, improving more than expected.  The U.S. Labor Department released its July jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls: +943,000… Source link

The Federal Reserve on Wednesday held interest rates at near-zero, but hinted that the U.S. economic recovery is getting closer to a place where it may not need as much monetary support. The Federal Open Market Committee on Wednesday kept its benchmark interest rate in the range of 0% to 0.25%, but provided an update on its December 2020 commitment to purchasing at least $120 billion a month in U.S. Treasuries and agency mortgage-backed securities until the recovery looked like it was making… Source link

MOSCOW, July 22. /TASS/. Yandex has registered a company in the United Kingdom that will deal with delivery of foods from dark stores, Yandex.Lavka, a food delivery unit of the Russian technology company, told TASS on Thursday. “Yes, we registered a legal entity that will develop the rapid supply of foods from local stores on the British market. We are hiring a team proactively and looking for spaces for dark stores,” Yandex.Lavka said. “This is essentially Yandex.Lavka but oprerating… Source link

Google software engineers reported something in a recent survey that surprised higher-ups: they felt as productive working from home as they did before the pandemic. Internal research at the Alphabet Inc. unit also showed that employees want more “collaboration and social connections” at work, according to Brian Welle, a human resources vice president. Welle declined to provide exact figures but said “more than 75%” of surveyed employees answered this way. Most staff also… Source link

Rising worker productivity is a good omen for the US economy that could help address the country’s recent bout of inflation, Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management, said. “That’s the little-known secret that no one talks about,” Schutte told Yahoo Finance Live. “In the U.S. economy, productivity is rising. That’s a really good thing because that increases the amount that we can pay our workers, makes the US economy grow faster, and… Source link