Malaysia Central Bank Holds Steady as It Gauges Mideast War Impact
The central bank noted uncertainties arising from the ongoing Middle East conflict, saying the economic impact will depend on how the situation develops. Source link
There is concern about how AI is affecting work as each new month brings a wave of job-cut announcements from large employers. Here’s how this year’s layoffs are stacking up.
While overall layoffs dropped in the first four months of 2026, AI helped drive more than 85,000 job cuts at technology companies. Source link
U.S Jobless Claims Rose Last Week
U.S. jobless claims rose last week but remained relatively low as employers held back from widespread layoffs despite economic uncertainty tied to the war in Iran. Source link
Bank of Mexico Ends Easing Cycle With Interest-Rate Cut
The board of governors voted 3-2 to reduce the overnight interest-rate target by a quarter of a percentage point to 6.5%, a four-year low. Source link
It’s a labor market unlike any other: Unemployment has drifted up, layoffs are low, hiring is slow, and the economy needs far fewer new jobs than it did before
It’s a labor market unlike any other: Unemployment has drifted up, layoffs are low, hiring is slow, and the economy needs far fewer new jobs than it did before. Source…
Consumer Sentiment Falls to New Record Lows Amid War in Iran
Consumer sentiment fell below the previous month’s record low as higher gasoline prices exacerbated shoppers’ concerns about the U.S. economy, according to the initial reading from the University of Michigan’s…
A federal trade court ruled President Trump didn’t have the authority to impose new global tariffs after a previous set of levies was struck down by the Supreme Court in February
A federal panel says the president didn’t meet the legal criteria to impose a 10% levy. Source link
Week Ahead for FX, Bonds: U.S. Inflation Data, Trump’s China Visit in Focus
U.S. inflation will be the highlight of economic data during the week ahead as investors gauge the outlook for interest rates in the coming months. Source link
Canada Unemployment Rate Rises to Six-Month High in April
Canadian employment fell for a third month this year in April even as more people were hunting for work, pushing the country’s jobless rate to its highest in six months.…
The U.S. added 115,000 jobs in April, the Labor Department said Friday, far exceeding expectations. The unemployment rate stayed unchanged at 4.3%
The U.S. job market blew past expectations again in April, buoyed by gains in industries including retail and transportation and warehousing. The unemployment rate stayed unchanged at 4.3%. Source link
