Much has changed in the U.S. economy since President Trump took over from President Biden nearly one year ago, but one thing hasn’t: The low level of layoffs. Companies just aren’t getting rid of many workers.
The Australian dollar climbed to its strongest in more than a year after traders ratchet expectations the Reserve Bank will quickly shift to raising interest rates early next year.
Initial jobless claims in the US fell by 10,000 to 214,000 in the week ending Dec. 20. The median forecast called for 224,000 applications. Continuing claims though rose to 1.92 million. Bloomberg's Michael Ball and Stephanie Roth of Wolfe Research react. (Source: Bloomberg)
Japan’s two-year government bond auction drew weaker demand than its 12-month average amid speculation that the Bank of Japan may need to raise interest rates more aggressively to rein in inflation and support the yen.
This year has seen a series of rate cuts across major central banks around the world. But with many policy-makers signaling they're near or at the end of that cycle, what does 2026 have in store for central bank watchers? Bloomberg's MLIV Currency and Rates Strategist Ven Ram explains. (Source: Bloo…
Between now and 2030, about 10,000 Americans will turn 65 every single day, giving rise to a term known as the "sandwich generation" -- adults who find themselves caring for their aging parents while still raising their own children. CBS News spoke to one woman about her struggles.
Gold rose to a record, pushing above $4,500 an ounce for the first time, on escalating tensions in Venezuela and expectations for more US rate cuts next year.
China’s local borrowing for infrastructure spending is on pace to hit a six-year low, as Beijing clamps down on risks in a strategy shift that calls into question its promise to stop an unprecedented investment slump.