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Tag: Economic Slowdown

China’s Economy Deepens Slump in August as Key Indicators Miss Forecasts

China’s Economy Deepens Slump in August as Key Indicators Miss Forecasts

China’s Economy Deepens Slump in August as Key Indicators Miss Forecasts China’s economic slowdown intensified last month, with a series of crucial indicators for August falling short of analyst expectations. Persistent weak domestic demand and Beijing’s efforts to curb industrial overcapacity are cited as primary factors in the deepening slump. Official data released on Monday by the National Bureau of Statistics revealed that retail sales in August rose by only 3.4% year-on-year. This figure missed Reuters’ analyst estimates of 3.9%…

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US Jobless Claims Soar to Nearly Four-Year High, Signaling Potential Economic Slowdown

US Jobless Claims Soar to Nearly Four-Year High, Signaling Potential Economic Slowdown

US Jobless Claims Soar to Nearly Four-Year High, Signaling Potential Economic Slowdown The latest figures from the Labor Department reveal a significant increase in applications for US unemployment benefits, reaching their highest level in almost four years. This jump suggests a potential uptick in layoffs and a notable slowdown in the hiring market. During the week concluding September 6, initial claims surged by 27,000, bringing the total to 263,000. This marks the highest number of applications since October 2021. The…

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US Job Market Stalls in August, Unemployment Hits Four-Year High

US Job Market Stalls in August, Unemployment Hits Four-Year High

US Job Market Stalls in August, Unemployment Hits Four-Year High The latest jobs report, released Friday, paints a sobering picture of the American labor market, showing a significant slowdown in August. The US economy added a mere 22,000 jobs, while the national unemployment rate climbed to 4.3%, marking its highest level in nearly four years. Economists are sounding alarms, with Glassdoor economist Daniel Zhao telling CNN the job market is “stalling” and “slowing to a dangerous speed.” The trend over…

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Market Volatility: Oil Surge, Geopolitical Tensions, and Economic Slowdown Dampen US Stock Performance

Market Volatility: Oil Surge, Geopolitical Tensions, and Economic Slowdown Dampen US Stock Performance

Market Volatility: Oil Surge, Geopolitical Tensions, and Economic Slowdown Dampen US Stock Performance US equities experienced a downturn Tuesday, primarily driven by a significant surge in oil prices (WTI +4.3% to $74.84, Brent +4.4% to $76.45) and escalating geopolitical uncertainties stemming from the Israel-Iran conflict. President Trump’s pronouncements further exacerbated market anxieties. The S&P 500 fell 0.8%, the Dow Jones Industrial Average dropped 0.7% (-299 points), and the Nasdaq composite declined 0.9%. This largely reversed Monday’s slight recovery from earlier…

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