Prior was +98K (revised to 95K) Details: Goods -3K versus +2K last month Services +47K versus +96K last month Small business K vs +53K prior Medium businesses K vs +29K last month Large businesses K vs +25K last month Wages: Wages for job stayers 4.4% vs 4.4% last month Wages for job changers 7.0% vs…
Gold price (XAU/USD) loses ground to around $4,100 during the early Asian session on Wednesday. The precious metal faces new selling pressure after the US vows a response against Iran following reports of attacks on three oil tankers in and around the Strait of Hormuz. Traders await the release of the Federal Reserve’s (Fed) June meeting…
For decades, the West assumed that economic growth would turn China into a more open, liberal society, much as it did South Korea and Taiwan. Instead, China’s totalitarian institutions proved remarkably resilient, surviving decades of reform and reasserting themselves under President Xi Jinping. STANFORD—The Thucydides Trap has become a popular lens for understanding US-China relations….
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 14,243.41 Indian Rupees (INR) per gram, down compared with the INR 14,315.82 it cost on Monday. The price for Gold decreased to INR 166,130.60 per tola from INR 166,976.90 per tola a day earlier. Unit measure…
The balance of global investment has shifted dramatically over the past three decades, with China emerging as the leading destination for productive capital. Europe and the United States can still narrow the gap, but only by making it cheaper and easier to build, operate, and innovate. ZURICH—Ask what makes a country competitive and you will…