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US employers add a surprisingly strong 216,000 jobs in a sign of continued…

WASHINGTON — The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates. Friday’s government report showed that December’s job gain exceeded the 173,000 that were added in November. The unemployment rate was unchanged at 3.7% — the 23rd straight month that joblessness has come in below 4%. Some details of the report, though, may disappoint the inflation fighters at the Federal Reserve, who might now be inclined to delay any cuts in their benchmark interest rate. Average hourly wages rose 4.1% from a year earlier,…

ChAI's 2024 Forecast For 5 Key Commodities

2023 has marked a significant shift in the commodities market compared to the tumultuous years of 2021 and 2022, which were characterised by extreme price volatility due to pandemic-induced supply and demand uncertainties. This year, we've witnessed unique trends across various commodities, and in this article, we'll explore the developments and driving factors of five key commodities—Brent Crude Oil, Natural Gas, Copper, Wheat, and Coffee—along with ChAI’s forecasts for 2024. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write…

6 Business Finance Tips You Should Know

Share Tweet Share Share Email A well-informed strategy is necessary while navigating a business’s financial environment. Knowing the ins and outs of corporate finance is essential for long-term success, regardless of experience level. This guide will examine six essential business finance tips that every owner of a business should be aware of. 1. Establishing a Robust Budgeting System: Precision in Financial Planning Building a strong budgeting system is a basic cornerstone of effective corporate finance. Making a thorough budget enables you to distribute resources, guaranteeing that money properly is going toward vital company…

Humber businesses given downbeat verdict on prospects in UK economy

Most businesses in the Humber are operating below full capacity as the UK’s economic headwinds continue to affect trade, a new survey suggests. The quarterly economic survey from the Hull & Humber Chamber of Commerce for its Quarterly Economic Survey showed a drop in most of the areas where businesses were questioned. Both domestic sales and orders fell, and though exports recovered slightly from the previous quarter, they were still in negative territory. The number of firms expecting to recruit new staff fell and rising prices, including pay settlements were also cited as a cause for concern by many businesses. Other areas of…

Yellen says US economy is in 'soft landing'

Treasury Secretary Janet Yellen said Friday that the U.S. economy is achieving a “soft landing” as inflation continues to ease without showing signs of a significant economic downturn. “What we’re seeing now I think we can describe as a soft landing, and my hope is that it will continue,” Yellen said on CNN. “The American people did it,” she added. “The American people go to work everyday, participate in the labor market, form new businesses. But President Biden has tried to create incentives that give Americans the tools they need to help this economy grow.” Yellen’s comments came shortly after the release of a surprisingly strong…