The number of job openings in the U.S. increased in December last year, contrary to market expectations, reaching the highest level in three months. On the other hand, the number of people leaving their jobs has decreased, suggesting that workers are becoming more cautious despite the fact that demand for labor remains strong. Key Point … Read more
S&P Global announced on the 24th that the preliminary Purchasing Managers Index (PMI) for January, which combines the US manufacturing and service industries, was the highest in seven months. Order growth has become more robust, giving companies more confidence in the demand outlook. Key Point Composite PMI preliminary value rose to 52.3 The median forecast … Read more
Federal Reserve Board Director David Bowman said on Wednesday that the controversial proposed increase in capital requirements for major banks would require “substantial changes” and that the U.S. central bank would not accept any amendments. He pointed out that he should seek comment on the matter. These moves may delay the final decision on the … Read more
US bank JP Morgan Chase’s net interest income (NII) for the October-December 2023 (fourth quarter) set a new high for the seventh consecutive quarter. It also predicted that NII for the full year would increase contrary to analysts’ expectations. Full-year profits for 2023 were the highest in U.S. bank history. According to the company’s financial … Read more
U.S. inflation is likely to slow further this year, ending the year near the Federal Reserve’s 2% target. This is because the effects of the economic turmoil caused by the coronavirus pandemic are expected to further fade, and prices of some goods are expected to decline. The trend of slowing inflation is steadily pushing the … Read more
I have six brothers and sisters. My youngest brother, 50, has his name on the title deed to the family home, as do my two deceased brothers. Two sisters got married and withdrew their names from the act. One of our sisters was on the title, but she also passed away. My brother says, “It … Read more
In your article “I want to access my 401(k) sooner. Is a loan the only way? you wrote that hardship distributions were “…available only if the participant has an “immediate and significant financial need” and that the distribution cannot exceed the amount “necessary to satisfy the financial need.” Cher Kent, There is some definition of … Read more
Throughout 2024, the ISSSTE will carry out 24 personal loan draws, including 20 conventional draws and four exclusive ones for working women and the health sector, educational sector and older adults, with up to 40,000 credits available in each one. Interest rate Regarding interest rates, ordinary, pension and emerging loans have a rate of 11.50%. … Read more
Amid heated speculation over whether the crypto asset (virtual currency) Bitcoin will be approved as an exchange-traded fund (ETF), former Citigroup executives will begin selling securities backed by Bitcoin. The deal does not require approval from the Securities and Exchange Commission (SEC). Bitcoin rises 160% in 2023 – Expected ‘demand shock’ if ETF approved The … Read more
The U.S. financial authorities are trying to determine the right time to start considering how to step back from shrinking the company’s balance sheet. This suggests that the end may be closer than previously expected. Minutes from last month’s Federal Open Market Committee (FOMC) meeting discussed technical factors that will determine when to slow the … Read more