Consumer confidence fell further in May as uncertainty and rising energy prices triggered by the war in Iran continued to dent household sentiment. Source link
Category: Economy
China’s Industrial Profits Rise, Defying Economic Headwinds
China’s industrial firms reported stronger profit growth at the start of the second quarter, supported by rising energy prices and resilient overseas demand for technology […]
SK Hynix Joins Trillion-Dollar Club Alongside Nvidia, TSMC
SK Hynix has become one of the world’s most valuable chip makers, joining an elite group of companies including Nvidia and TSMC. Source link
The life of a traveling nurse can be unpredictable and lonely, but it can also offer travel, friendship, and a whiff of glamour
The job for some can be unpredictable and lonely. But for others, it offers travel, friendship, and a whiff of glamour. Source link
Canada Factory Sales Jump an Estimated 4.6% in April
Manufacturing shipments increased from the month prior, marking a third straight month of improving sales for the industry. Source link
U.S. Consumer Sentiment Worsened in May
Consumer confidence edged downward in May as the inflationary effects of the war in the Middle East intensified, a monthly survey from The Conference Board […]
U.S. Home Price Growth Slowed in March
U.S. home-price growth slowed slightly in March as higher mortgage rates intensified the affordability squeeze among home buyers. Source link
War with Iran has halted a hard-won improvement in housing affordability. The problem is rising mortgage rates on the back of worries that the energy crisis will stoke inflation. Read more in today's Markets A.M. newsletter:
Plus, a geothermal power play and Iran confusion. Source link
Mexico Posts $4.52 Billion April Trade Surplus
Exports of manufactured goods increased by 34% to $65.69 billion, mining exports rose 71% to $2.08 billion, and agricultural exports edged up 0.1% to $2.23 […]
The hiring of teens for summer jobs is expected to be down as many seasonal positions at summer camps and small businesses have evaporated
Many seasonal jobs at summer camps and small businesses have evaporated this year. Source link