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☆ UK strikes set to escalate as nurses prepare for ‘unprecedented’ walkout
▼ + stars: | 2022-12-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

“It is pretty unprecedented,” Billy Palmer, senior fellow at Nuffield Trust, a health research firm, told CNN. While small pockets of nursing staff have walked out before, the country’s National Health Service has seen “nothing of this scale until now,” he added. ‘Enough is enough’Earlier this year, the RCN rejected an offer by the government to increase nurses’ pay by a minimum of £1,400 ($1,707) a year. Each additional 1% pay rise for nursing staff would cost the government around £700 million ($854 million), he added. Internationally, it is hard to compare UK nurses’ pay, given health care systems differ significantly between countries, but it falls somewhere in the middle of the range of comparable economies, Palmer said.

☆ Services Come With a Smile, but the Economy Could Still Be Frowning
▼ + stars: | 2022-12-05 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Robotic arms at a Mercedes-Benz facility in Alabama. Weakness overseas and a strong dollar are hurting manufacturing more than services. The manufacturing sector has fallen into a funk. Services business are in anything but that. The details of the report were good, showing employment picking up and supply-chain problems easing.

☆ Must Inflation Be Brought Down All the Way to 2%?
▼ + stars: | 2022-12-04 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

“Why must inflation be around 2%?” is a question that obsessed central bankers back when inflation was stubbornly below their favorite target. It makes more sense to ask it now. This past week, a string of data has suggested that inflation is finally on a downward trend. The U.S. personal-consumption expenditures price index excluding food and energy—the Federal Reserve’s preferred measure of inflation—recorded its second-smallest monthly increase for the year, even as consumer spending jumped and job growth continued. Meanwhile, eurozone inflation receded to 10% in November, suggesting that October’s 10.6% was the peak.

☆ U.S. economy added 263,000 jobs in November, more than expected despite Fed rate hikes
▼ + stars: | 2022-12-02 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +1 min

Job growth was much better than expected in November despite the Federal Reserve’s aggressive efforts to slow the labor market and tackle inflation. Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for an increase of 200,000 on the payrolls number and 3.7% for the jobless rate. In another blow to the Fed’s anti-inflation efforts, average hourly earnings jumped 0.6% for the month, double the Dow Jones estimate. Wages were up 5.1% on a year-over-year basis, also well above the 4.6% expectation.

☆ What protests in China may mean for the economy
▼ + stars: | 2022-11-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN Business —Protests against China’s prolonged and restrictive Covid regulations spread across the country over the weekend. Oil plunged and hit 2022 lows on Monday, while shares of companies that rely on China for production felt the heat. Oil prices dropped sharply, with investors concerned that surging Covid cases and protests in China may sap demand from one of the world’s largest oil consumers. They don’t want to end their covid policy but they also want to ensure that the political unrest doesn’t grow. This week is chock full of important economic data releases, many of which will help guide the Fed’s next interest rate hike decision in December.

☆ Premarket stocks: Recession fears receded this earnings season
▼ + stars: | 2022-11-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

So can the United States avoid a serious recession? What’s happening: As the third-quarter earnings season wraps up, it appears that CEOs may think so. The past month has brought with it a solid earnings season and a bevy of encouraging economic data that shows a slowing pace of inflation. The United States will enter a “mild recession in the second half of 2023, they said. All regions of the United States saw month-over-month and year-over-year declines.

☆ Premarket stocks: Fed officials crushed investors' hopes this week
▼ + stars: | 2022-11-18 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But messaging from Fed officials this week has brought Wall Street back down to earth. Tech layoffs don’t mean impending recessionA series of high-profile layoffs have rattled Big Tech this month. The series of high-profile layoff announcements prompted fears that the labor market was weakening and that a recession could be around the corner. Those fears aren’t unwarranted: The Federal Reserve is actively working to slow economic growth and tighten financial conditions to rebalance the white-hot labor market. “The main problem in the labor market is still that labor demand is too strong, not too weak,” they concluded.

☆ Premarket stocks: Wall Street bonus outlook is grim
▼ + stars: | 2022-11-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN Business —Ferragamo belt-buckles are being tightened across Wall Street as bankers prepare for a gloomy bonus season. “This is a canary in the coalmine for the economy, if the canary dies that’s not good for anybody,” said Johnson. In recent years, Amazon has gradually been growing its footprint in the health care sector. Earlier this year, Amazon agreed to acquire One Medical, a membership-based primary care service, for $3.9 billion. The big picture: Amazon isn’t the only Big Tech company attempting to cash-in on a chunk of the health care industry.

☆ The trade issues at stake for US and China economies at Indonesia meeting
▼ + stars: | 2022-11-14 | by ( Juliana Liu | ) edition.cnn.com time to read: +7 min

Frustrated by China’s huge trade surplus and accusing it of stealing US intellectual property, former President Donald Trump slapped tariffs on $50 billion of Chinese goods in June 2018. China, with its nearly $18 trillion economy, has in recent years been the main driver of global growth. China responded by slapping tariffs of its own on iconic American products like Harley-Davidson and Jack Daniel’s. Tech curbsBekink said she did not expect any dramatic shifts in trade flows to emerge as a result of the Biden-Xi meeting. US imports of semiconductors from China are 26% lower than before the imposition of 25% tariffs, according to Peterson.

☆ Dow soars 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report
▼ + stars: | 2022-11-10 | by ( ) www.nbcnews.com time to read: +2 min

Stocks mounted their biggest rally since 2020 after October’s reading of consumer prices raised investor hopes that inflation has peaked. The Dow Jones Industrial Average jumped 1,201.43 points, or 3.7%, to 33,715.37 for its biggest one-day gain since stocks were emerging from the depths of the pandemic bear market. The S&P 500 jumped 5.54% to 3,956.37 in its biggest rally since April 2020. Treasury yields plunged after the CPI report, with the 10-year Treasury yield falling more than 18 basis points to 3.946% as traders bet the Federal Reserve would slow its aggressive tightening campaign that’s weighed on markets all year. The yield on the 2-year Treasury dropped more than 23 basis points to 4.395% (1 basis point equals 0.01%).

☆ Democrats catch up to GOP on enthusiasm in final NBC News poll before midterms
▼ + stars: | 2022-11-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mark-Murray-Circle-Byline-Template.Jpg | Mark Murray | ) www.nbcnews.com time to read: +3 min

Forty-eight percent of likely voters say they prefer a Democratic-controlled Congress as the outcome from Tuesday’s elections, while 47% prefer a Republican-controlled Congress. Among all registered voters, congressional preference is tied at 47%-47% — essentially unchanged from last month, when Democrats held a narrow 1-point edge, 47%-46%. Yet what has changed in the poll is that Democrats have caught up to Republicans in election interest. An identical 73% of Democrats and Republicans express high interest, registering either a “9” or “10” on a 10-point scale. In October’s NBC News poll, Republicans held a 9-point advantage in high voter interest, 78% to 69%, after Democrats had previously closed the enthusiasm gap following the U.S. Supreme Court's decision to overturn the Roe v. Wade decision on abortion.

☆ Premarket stocks: Interest rates will keep rising. How high will they go?
▼ + stars: | 2022-11-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

What’s happening: No one can move markets like Federal Reserve Chair Jerome Powell — with just a few words on Wednesday he crushed investors’ hopes of an interest rate pivot and sent stocks plunging. “Our decisions will depend on the totality of incoming data and their implications for the outlook for economic activity and inflation,” Powell said on Wednesday. The United Kingdom will face hard economic times and elevated interest rates well into next year, officials warned this week. That will require more interest rate hikes in the coming months, warned policymakers. Several Twitter employees have already filed a class action lawsuit claiming that the layoffs violate the federal Worker Adjustment and Retraining Notification Act.

☆ Iraqi Parliament Elects Iran-Aligned Mohammed al-Sudani as Prime Minister
▼ + stars: | 2022-10-27 | by ( David S. Cloud | Ghassan Adnan | ) www.wsj.com time to read: 1 min

Demonstrators waved Iraqi national flags in Baghdad on Tuesday during a protest against the new government led by Mohammed al-Sudani. BAGHDAD—Iraq’s Parliament chose Mohammed al-Sudani as prime minister Thursday, aligning Baghdad more closely with Iran amid deep public unrest over rampant corruption and a lack of jobs. Mr. Sudani and his cabinet were approved under tight security, breaking a yearlong impasse between a bloc of Iranian-backed factions that endorsed him and supporters of Moqtada al-Sadr, a Shia cleric whose followers delayed the formation of the government for months with violent protests and gunbattles outside the parliament building. Mr. Sadr’s faction won the most votes in last October’s election, but he and his bloc withdrew from the political process after he failed to form a coalition.

☆ Amazon Prime Day 2022: What we know about the October sales event
▼ + stars: | 2022-09-26 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

This is the first time Amazon is hosting Prime Day twice in one year, but it’s not the first time Prime Day has been scheduled for October. Because you know another one will be around the corner soon enough.”Do I need a Prime membership to get Amazon Prime Day discounts? July 2022 Prime Day bestsellersEvery year, Amazon announces bestselling Prime Day products worldwide as well as in select countries. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset.

☆ For first time, Brazil's census counts Black communities founded by enslaved people
▼ + stars: | 2022-09-21 | by ( ) www.nbcnews.com time to read: +6 min

SALVADOR, Brazil — For the first time in its 132-year history, the Brazilian census now underway includes a question counting members of the “quilombo” communities founded by runaway enslaved people. “One of our objectives is to escape an intentional invisibility.”Her friend Eliete Paraguassu, 42, is mounting another front in the strategy. Quilombos were formed over centuries by enslaved people who escaped forced labor to create isolated, self-subsistence communities in remote forests and mountain ranges or on islands like Ilha de Mare. Quilombo residents now hope that a proper count of their numbers and more elected voices will open the door to improved social services and guarantees of rights for people and places long left off official maps. On Ilha de Mare, quilombo residents have for generations survived on the hard work of artisanal fishermen and fisherwomen.

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