Page 28 - Christopher Rupkey News Today

The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains resilient despite rising headwinds from the Federal Reserves stiff interest rate increases and slowing demand.

Australian shares are set to drop; Nasdaq paces losses in New York as Apple, Tesla hammered. $A below US65¢ again. UK 10-year yield rises again.

The number of Americans filing new claims for unemployment benefits fell to a five-month low last week but stock markets reacted in line with a "good news is bad news" paradigm and resumed their sharp selloff as the strong labor market data suggests the Federal Reserve is likely to stay the course on hiking rates aggressively to fight inflation.

New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to spend on equipment despite higher interest rates, which could keep the economy on a moderate growth path.

The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating the labor market remains tight despite the Federal Reserves attempt to cool demand with aggressive interest rate increases.

By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating

By Lucia Mutikani

As Americans increased their purchases of motor vehicles and dined out more amidst lower gas prices, U.S. retail sales unexpectedly rebounded in August

As Americans increased their purchases of motor vehicles and dined out more amidst lower gas prices, U.S. retail sales unexpectedly rebounded in August

As Americans increased their purchases of motor vehicles and dined out more amidst lower gas prices, U.S. retail sales unexpectedly rebounded in August