US initial jobless claims fell from a revised 200K to 194K in the week ending October 17, below expectations of 200K. The previous week’s reading was revised up from 199K. The four-week moving average also declined from 198.75K to 197.75K, reinforcing indications that layoffs remain subdued. Initial claims were also considerably below the 231K recorded […]
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Tapping to pay for a meal takes less than a second. What leaves with the payment takes considerably longer to trace. Digital wallets, payment apps and connected banking services have stripped most of the friction Read more…
Gold fell to two-week low on Thursday on repeated attempt through $4100 support, as oil prices climb further on signals of escalation of the conflict in the Middle East. Rising inflation (the latest US data Read more…
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