The federal deficit reached $134 billion in October, the first month of fiscal 2020, in keeping with information the Treasury Division launched Wednesday. The Hill stories: That determine is about 34 p.c increased than final October,... Read more »
Google will quickly supply checking accounts to customers, turning into the most recent Silicon Valley heavyweight to push into finance. The mission, code-named Cache, is predicted to launch subsequent yr with accounts... Read more »
Fb Inc stated on Tuesday it was launching Fb Pay, a unified cost service via which customers throughout its platforms together with WhatsApp and Instagram could make funds with out exiting the... Read more »
Nonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones. The unemployment fee ticked greater to three.6%, consistent with estimates, however stays across the... Read more »
The Commerce Division on Wednesday stated financial exercise within the U.S. grew at an annualized price of 1.9% within the third quarter, down barely from the two% tempo within the second quarter.... Read more »
The U.S. financial system has hit loads of bumps within the street currently and the way in which ahead is unlikely to get any smoother. MarketWatch experiences: The primary large clue will... Read more »
American staff are extra productive than ever, however their paychecks haven’t saved tempo. Researchers with the Federal Reserve Financial institution of San Francisco have a offender: robots. CBS Information studies: Economists Sylvain Leduc... Read more »
Over the following decade, U.S. banks, that are investing $150 billion in expertise yearly, will use automation to eradicate 200,000 jobs, thus facilitating “the best switch from labor to capital” within the trade’s... Read more »
The economic system added 136,000 new jobs in September, in accordance with Bureau of Labor Statistics. And the U.S. unemployment price dropped to three.5%, the bottom price since December 1969. MarketWatch reviews:... Read more »
What’s the world’s most generally used cryptocurrency? In case you suppose it’s Bitcoin, which accounts for about 70% of all of the digital-asset world’s market worth, you’re in all probability fallacious. Bloomberg studies:... Read more »