pressure

Price pressure on gold, silver following hot U.S. inflation data

Price pressure on gold, silver following hot U.S. inflation data

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold and silver prices are solidly lower in early U.S. trading Tuesday following a surprisingly hotter-than-expected inflation report …

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U.S. job growth solid in August; labor market pressure starting to ease

U.S. job growth solid in August; labor market pressure starting to ease

Nonfarm payrolls increase 315,000 in August Unemployment rate rises to 3.7% from 3.5% in July Average hourly earnings gain 0.3%; up 5.2% year-on-year Average workweek dips to 34.5 hours from 34.6 hours WASHINGTON, Sept 2 (Reuters) – U.S. employers hired more workers than expected in August, but moderate wage growth and a rise in the …

U.S. job growth solid in August; labor market pressure starting to ease Read More »

Chinese borrowers pile pressure on banks with early mortgage payments

Chinese borrowers pile pressure on banks with early mortgage payments

Chinese residential property owners are rushing to pay off their mortgages early, heaping pressure on commercial banks that were already struggling to identify attractive lending opportunities. Several state bank managers told the Financial Times that branches in Beijing and Shanghai had experienced a 20 per cent increase in mortgage prepayments this year. Analysts said the …

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Water has been pumped from a canal to a waterway to ease the drought and ensure the harvest since August 18, 2022 in Ma’anshan, East China’s Anhui Province as Chinese provinces and regions are battling prolonged heat waves. Photo: VCG

China mounts full-fledged efforts to minimize impact of heat waves; economy to ‘grow within reasonable range’ despite dual pressure

Water has been pumped from a canal to a waterway to ease the drought and ensure the harvest since August 18, 2022 in Ma’anshan, East China’s Anhui Province as Chinese provinces and regions are battling prolonged heat waves. Photo: VCG As a persistent heat wave continues to affect major hydropower production and electronics manufacturing bases …

China mounts full-fledged efforts to minimize impact of heat waves; economy to ‘grow within reasonable range’ despite dual pressure Read More »

Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure

Carvana Cuts Costs as Demand for Used Autos Remains Under Pressure

Online used-car dealer Carvana Co. said it is aggressively cutting costs as demand from consumers remains under pressure and the company faces the prospect of an economic downturn. Carvana—an early pandemic star that has struggled during the recovery—pledged in April to rein in expenses after it reported its first-ever quarterly-sales decline and said it would …

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Jumps in US wage and inflation figures keep pressure on Fed

Jumps in US wage and inflation figures keep pressure on Fed

Two closely watched inflation reports showed little relief from record-setting price pressures in the US, underscoring the urgency of the Federal Reserve’s historically-fast campaign to cool down the economy. The latest employment cost index (ECI) report, which tracks wages and benefits paid out by US employers, showed total pay for civilian workers during the second …

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Euro battles parity pressure ahead of U.S. inflation data

Euro battles parity pressure ahead of U.S. inflation data

LONDON, July 13 (Reuters) – Stocks slipped on Wednesday and the euro lurked just above parity against the dollar, as traders waited to see if U.S. inflation data later bolsters the case for another supersized Federal Reserve interest rate hike this month. Recession worries meant Europe’s bourses were stumbling again after a relatively steady session …

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Elon Musk’s Effort to Terminate Twitter Deal Puts Pressure on CFO

Elon Musk’s Effort to Terminate Twitter Deal Puts Pressure on CFO

Elon Musk’s bid to terminate the acquisition of Twitter Inc. is complicating matters for Ned Segal, the social media company’s finance chief, who is battling a decline in its share price as well as higher costs. Mr. Musk on Friday said he planned to abandon a $44 billion deal struck in April for Twitter because …

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'Tremendous' selling pressure in gold, prices 'vulnerable' to more selloffs as analysts watch this bottom

‘Tremendous’ selling pressure in gold, prices ‘vulnerable’ to more selloffs as analysts watch this bottom

(Kitco News) After shedding $60 this week, gold remains vulnerable to an even bigger selloff as markets get ready for another aggressive hike by the Federal Reserve at the July meeting. But analysts point to a potential price bottom that will trigger a momentum turnaround for the precious metal. The gold …

‘Tremendous’ selling pressure in gold, prices ‘vulnerable’ to more selloffs as analysts watch this bottom Read More »

Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

Exclusive: After pressure from Toyota chief, Japan emphasized support for hybrids

TOKYO, June 24 (Reuters) – Toyota Motor Corp’s (7203.T) chief lobbied the Japanese government to make clear it supported hybrid vehicles as much as battery electrics or face losing the auto industry’s support, a senior lawmaker told a ruling party meeting. The lobbying by Akio Toyoda, president of Toyota and chairman of the Japan Automobile …

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