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2 months ago | 
news.bloomberglaw.com | Jonnelle Marte |Maria Clara Cobo
Federal Reserve Bank of Richmond President Thomas Barkin joined a chorus of central bank officials who’ve said they need more time to understand where the US economy and inflation are headed amid elevated uncertainty about President Donald Trump’s policies, strengthening expectations for rates to remain on hold.
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2 months ago | 
treasuryandrisk.com | Josh Wingrove |Catarina Saraiva |Maria Clara Cobo |Lynn Cavanaugh
A container ship arrives in Miami Beach, Florida. Photographer: Eva Marie Uzcategui/Bloomberg. President Donald Trump said that he wants to impose across-the-board tariffs that are “much bigger” than 2.5 percent. This is the latest in a string of signals that he’s preparing widespread levies to reshape U.S. supply chains. “I have it in my mind what it’s going to be, but I won’t be setting it yet, but it’ll be enough to protect our country,” Trump told reporters Monday night.
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2 months ago | 
treasuryandrisk.com | Maria Clara Cobo |Lynn Cavanaugh |Skylar Woodhouse
Credit: David Paul Morris/Bloomberg. U.S. consumer confidence unexpectedly fell in January to a four-month low on less optimism about the labor market and the outlook for the broader economy. The Conference Board’s gauge of consumer confidence decreased 5.4 points, to 104.1, this month, according to data released today. The median estimate in a Bloomberg survey of economists had called for a reading of 105.7. Your access to unlimited Treasury & Risk content isn’t changing.
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Jan 24, 2025 | 
cpapracticeadvisor.com | Maria Clara Cobo |Jason Bramwell
By Maria Clara CoboBloomberg News(TNS)The number of Americans on benefit rolls climbed to a more than three-year high, while first-time applications for U.S. unemployment insurance edged slightly higher. Continuing claims, a proxy for people who are already receiving benefits and still can't find a job, jumped to 1.9 million in the week ended Jan. 11, the highest since November 2021, according to Labor Department data released Thursday. Initial claims increased by 6,000 to 223,000 last week.
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Jan 23, 2025 | 
treasuryandrisk.com | Maria Clara Cobo |Michael Popke |Lucy Peterson |Christopher Anstey
Attendees at a career fair in Bolivia, North Carolina. Photographer: Allison Joyce/Bloomberg The number of Americans on unemployment-benefit rolls climbed to a more-than-three-year high, while first-time applications for U.S. unemployment insurance edged slightly higher.
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Jan 10, 2025 | 
benefitnews.com | Maria Clara Cobo
U.S. companies pared back hiring plans in 2024 as employers announced the smallest additions to headcount in almost a decade, according to figures published Thursday. Monthly data from Challenger, Gray & Christmas showed firms announced plans to hire 769,953 workers last year, the least since 2015. Job cuts also picked up, with employers planning to eliminate 761,358 positions — a 5.5% increase from 2023.
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Jan 9, 2025 | 
bloomberg.com | Maria Clara Cobo
US companies pared back hiring plans in 2024 as employers announced the smallest additions to headcount in almost a decade, according to figures published Thursday. Monthly data from Challenger, Gray & Christmas showed firms announced plans to hire 769,953 workers last year, the least since 2015. Job cuts also picked up, with employers planning to eliminate 761,358 positions — a 5.5% increase from 2023.
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Dec 12, 2024 | 
thederrick.com | Maria Clara Cobo |Jarrell Dillard
Applications for U.S. unemployment benefits rose to a two-month high last week, at a time around the end-of-year holidays when data is volatile. Please log in, or sign up for a new account and purchase a subscription to continue reading. Get complete access for 24 hours to all of the content on our site, including breaking news, e-editions, archives (2010 to current) and special sections.
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Dec 10, 2024 | 
news.bloomberglaw.com | Maria Clara Cobo
US small-business optimism surged in November to a more than three-year high in anticipation of more favorable economic policies after Donald Trump sealed his return to the White House. The National Federation of Independent Business optimism index jumped 8 points, the most on record, to 101.7 — the highest reading since June 2021. The group’s uncertainty gauge dropped 12 points after reaching a record high prior to the presidential election.
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Dec 10, 2024 | 
news.bloombergtax.com | Maria Clara Cobo
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