News
The economy is booming. So why is the job market lagging?
1+ hour, 22+ min ago (418+ words) The Labor Department is expected to report Wednesday that companies, government agencies and nonprofits added 75,000 jobs last month, according to a survey of forecasters by the data firm FactSet. That would be an improvement over December's 50,000 " but it's inconsistent with…...
Asian shares advance after weak US retail data weigh on Wall Street
2+ hour, 22+ min ago (633+ words) South Korea Financial Markets U.S. futures edged higher and prices of gold, silver and oil also advanced. Markets were closed in Japan for a holiday. Chinese markets crept higher, with the Hang Seng in Hong Kong up 0.3% at 27,265.52. The Shanghai Composite…...
Honda reports declining profit as Trump’s tariffs and EV moves hurt Japanese automaker’s results - myMotherLode.com
21+ hour, 22+ min ago (324+ words) Tokyo-based Honda Motor Co.s profit over the three quarters totaled 465.4 billion yen ($3 billion), down from 805.2 billion yen. That marked the second straight year that profit declined during the period at Honda, the maker of the Accord sedan, Civic compact…...
Japan’s top automaker Toyota names a new CEO after reporting drop in profits
4+ day, 23+ hour ago (454+ words) Kon, a Toyota veteran, will replace Koji Sato in both roles in April. Approval by shareholders is expected in June. "This expresses our determination to move toward change with all our might," Sato told reporters, calling the latest personnel changes…...
Japan’s top automaker Toyota names a new CEO after reporting drop in profits - myMotherLode.com
4+ day, 23+ hour ago (495+ words) Kon, a Toyota veteran, will replace Koji Sato in both roles in April. Approval by shareholders is expected in June. "This expresses our determination to move toward change with all our might," Sato told reporters, calling the latest personnel changes…...
Asian shares are mixed and gold and silver climb higher after a retreat on Wall St
1+ week, 2+ hour ago (479+ words) Financial Markets Wall Street U.S. futures edged higher and oil prices advanced. Tokyo's Nikkei 225 dropped 0.6% to 54,391.58, although it was still trading higher than at the start of the week. Shares of chipmaker Tokyo Electron fell 2%, while testing equipment maker Advantest lost…...
Labor Department delays January jobs report because of partial shutdown
1+ week, 1+ day ago (184+ words) In a statement, the department's Bureau of Labor Statistics said: "Once funding is restored, BLS will resume normal operations and notify the public of any changes to the news release schedule." It is also postponing the December report on job…...
US producer prices rose 0.5% in December, more than expected, on uptick in services inflation
1+ week, 4+ day ago (258+ words) The Labor Department reported Friday that its producer price index " which measures inflation before it hits consumers " rose from November to December at the fastest pace in three months and faster than the 0.3% economists had forecast. Compared to December 2024, producer…...
Taiwan’s economy grows 8.6% in 2025, fastest rate in 15 years, turbocharged by the AI boom
1+ week, 4+ day ago (325+ words) The advanced estimate released by Taiwan's statistics agency on Friday was much better than economists had forecast. It was the strongest growth rate since 2010. Taiwan set a trade deal earlier this month with U.S. President Donald Trump's administration. It lowered U.S. tariffs…...
Asian shares are mixed after Wall St sets a record, and the US dollar’s value slides further
2+ week, 1+ hour ago (727+ words) Asian shares were mixed on Wednesday after the S&P 500 ticked to a record, as the U.S. dollar's value slid further. Later Wednesday, the Federal Reserve will announce its next move on interest rates. The expectation is that it will hold…...