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Apr 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

fiscal stimulus

US consumer confidence vaults to 14-month high in April
World

US consumer confidence vaults to 14-month high in April

  • The Conference Board said on Tuesday its consumer confidence index raced to a reading of 121.7 this month. That was the highest level since February 2020, just before the onset of the COVID-19 pandemic, and followed a reading of 109.0 in March. Economists polled by Reuters had forecast the index increasing to a reading of 113.0 in April.
Published 27 Apr, 2021 07:48pm
Dollar General to hire up to 20,000 workers as economy rebounds
Business & Finance

Dollar General to hire up to 20,000 workers as economy rebounds

  • But the number was lower than the more than 50,000 workers the company hired around the same time last year, which was nearly double its normal hiring rate, to support a surge in sales at its stores at the height of COVID-19 lockdowns.
  • The discount retailer said in a statement on Wednesday that it would host hiring events from this month to fill positions in its stores, distribution centers and corporate offices.
Published 14 Apr, 2021 05:29pm
US weekly jobless claims unexpectedly rise
World

US weekly jobless claims unexpectedly rise

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 744,000 for the week ended April 3 compared to 728,000 in the prior week, the Labor Department said on Thursday.
  • The labor market has regained its footing after stumbling in December, thanks to the White House's massive $1.9 trillion pandemic rescue package and an acceleration in the pace of vaccinations against COVID-19, which are allowing more services businesses to resume operations.
Published 08 Apr, 2021 06:21pm
Firm US yields keep gold under pressure
Markets

Firm US yields keep gold under pressure

  • Fed officials, however, maintain that they will keep their easy money plans in place even in the face of a potential bout of inflation this spring in an economy boosted by vaccines and government spending.
Published 03 Mar, 2021 10:45am
UK bond yields head for biggest weekly rise since June
Markets

UK bond yields head for biggest weekly rise since June

  • Based their latest level they are on course of just under 17 basis points the biggest since the week to June 5.
  • Sterling also rose above $1.40 for the first time in nearly three years on Friday although it was flat against the euro.
Published 19 Feb, 2021 08:57pm