NEW YORK: Data showing that the US economy added more than a quarter of a million jobs last month soothed recession worries Friday (May 5), bringing a rebound in stocks including for troubled midsized American banks. Just a day before, equities took a lashing over worries surrounding the economic impact of
NEW YORK: Data showing that the US economy added more than a quarter of a million jobs last month soothed recession worries Friday , bringing a rebound in stocks including for troubled midsized American banks.
The numbers show that the jobs market remains strong despite banking sector upheaval, higher borrowing costs and uncertainty surrounding a potential government default. But the central bank signaled it could pause at its next meeting, as concern over the impact of higher interest rates mounted, particularly following the collapse of three midsized banks in March and the failure of another one this week.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chokehold death of man on New York City subway is ruled a homicideThe man who died, Mr Jordan Neely, was homeless and had been screaming at other passengers. Read more at straitstimes.com.
Read more »
China's top financial data provider restricts offshore access due to new rules-sourcesHONG KONG : China's biggest financial data provider Wind Information Co told some customers late last year that it was restricting offshore users from accessing certain business and economic data as a result of the cybersecurity regulator's new data rules, two sources said.Restricted access to Wind by off
Read more »
Prosecutors probe chokehold death of New York subway riderJordan Neely was restrained after he started screaming at other passengers, saying he didn’t have anything to eat or drink. Read more at straitstimes.com.
Read more »
Ed Sheeran copyright case goes to jury in New YorkNEW YORK - A jury will now decide whether British singer-songwriter Ed Sheeran ripped off Marvin Gaye's Let's Get It On after hearing closing arguments on Wednesday (May 3) in a week-long copyright trial. Sheeran's lawyer, Ilene Farkas, told the jurors in Manhattan federal court that similarities in the chord progressions and rhythms of Gaye's classic and Sheeran's hit Thinking...
Read more »
Carrie Wong met Michelle Yeoh, Angelababy, Jared Leto and other superstars in New York and here are the picsThe Mediacorp actress says her recent trip to New York was a dream come true.
Read more »
Actress Carrie Wong attended the Met Gala afterparty and posed with Michelle Yeoh, Jared Leto and AngelababyThe Mediacorp actress says her recent trip to New York was a dream come true.
Read more »