So far, though, the hiring pace has cooled just a bit, and there are no signs of widespread layoffs. On Friday, the closely watched monthly employment report is forecast to show a 130,000 increase in payrolls — about 100,000 less than the larger-than-expected March gain. The jobless rate is projected to hold at 4.2%.
“As financial volatility increases, uncertainty proliferates,” said Elad Shraga, chief investment officer at Signal Capital Partners. “It is reasonable to assume that PE exits will be delayed, in some cases meaningfully, therefore sponsor-driven credit might face increased stress,” adding he worries about the rise in PIK usage.
Pricing for new orders on Tesla’s site as of April 26 was higher than for the same models listed as being in inventory. For example, the sticker price of long-range Model 3 cars with all-wheel drive was listed as C$79,990 ($57,700) for a new order, but those same 2025 model year vehicles already in inventory […]
Economic, banking, and nuclear experts were involved in talks focused on building trust around Tehran’s nuclear program, safeguarding Iran’s right to the peaceful use of nuclear energy, and securing relief from sanctions, Iranian Foreign Ministry spokesman Esmaeil Baghaei said earlier.
“If in June inflation is projected to fall below our 2% inflation target over the medium term, then the right reaction is to cut rates further.” But even if that’s not the case, there are few good arguments to take a break. “We also have to look at the growth outlook and financial conditions.” The […]
The president has touted hundreds of billions of dollars in commitments from companies — including from prominent players such as SoftBank Group Corp., OpenAI, and Oracle Corp. — to help build data centers, chip manufacturing plants and other infrastructure to support AI. And he’s moved to expand domestic energy production, including mining and the use […]
The order as written would eliminate, among others, the Bureau of African Affairs, the special envoy for climate, the Bureau of International Organizations, and the Office of Global Women’s Issues, as well as a number of other public diplomacy and public affairs bureaus.
In the US, investors will watch for any additional deterioration in consumer sentiment and inflation expectations when the University of Michigan issues revised data April data on Friday. Tariffs, and the risk they pose to both the economy and inflation, have been on the mind of survey respondents in recent months.
Ukrainian Foreign Minister Andrii Sybiha said his country has already agreed “unconditionally” to the US proposal for a “full interim ceasefire for 30 days.” Russia has, instead, “imposed various conditions and increased terror against Ukraine, civilians, and civilian infrastructure throughout the country,” he said on X.
The largest spending promises include an income tax cut, defense spending, housing investments and a trade diversification fund to increase Canada’s ability to export to markets other than the US. The plan estimates C$20 billion in revenues from Canada’s retaliatory tariffs this fiscal year, which the Liberals say they would redistribute entirely to workers and […]