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The pound fell and UK bonds rallied as traders added to bets on interest-rate cuts from the Bank of England after data showed a sharp deterioration in the labor market. Sterling fell as much as 0.7% to $1.3456 on Tuesday, heading for its worst day in a month and leading losses among Group-of-10 currencies. Gilts…
As fears of job losses due to artificial intelligence (AI) takes over, Zoho founder Sridhar Vembu weighed in on the scenario, saying that human beings will still have plenty of work to do. In a post on X, Sridhar Vembu shared his views on how the society might evolve when and if AI takes over…
Tokyo, World shares were mixed on Friday ahead of an update on the US job market that will offer insights into how the economy is faring. The future for the S and P 500 gained 0.4 per cent while that for the Dow Jones Industrial Average was up 0.5 per cent. Germany’s DAX lost 0.3…
By Ashitha Shivaprasad and Sherin Elizabeth Varghese – Gold prices slipped more than 1% on Friday after a stronger-than-expected U.S. jobs report dampened hopes for imminent Federal Reserve rate cuts this year, while silver soared to its highest level since 2012. Spot gold fell 1.1% to $3,316.13 an ounce, as of 02:28 p.m. ET ,…
NEW YORK (Reuters) -Wall Street rebounded on Friday and U.S. Treasury yields jumped as a generally upbeat employment report and a bounce-back in Tesla shares helped put the indexes on track for weekly advances. All three major U.S. stock indexes surged from the starting gate, while bitcoin jumped and crude prices settled at their highest…
MUMBAI, June 6 (Reuters) – The Indian rupee’s downward bias looks set to persist at Friday’s open, with traders awaiting the Reserve Bank of India’s policy decision and the U.S. jobs report due later in the day. The RBI outcome is expected to provide cues on the domestic rate outlook, while the latter could shape…
After Wall Street closed the month of May with gains, investors will have plenty to data in the first week of June to gauge the market sentiment. The major focus will be on the jobs data for May, and S&P final manufacturing and services PMIs. Market participants will also keenly watch for US Federal Reserve…
News aggregator DailyHunt’s parent company VerSe is set to lay off 350 employees in what the company called a ‘strategic transformation’ to overhaul its working methods. In a press release on late Saturday, VerSe said that it will streamline approximately 350 roles within the company. The layoffs will be made in May, it said. “To…
Big Tech firm, Meta Platforms Inc., is allegedly offering jobs to former national security and Pentagon officials to help in selling virtual reality and artificial intelligence (AI) services, reported the news portal Forbes, citing government officials in the know who were aware of the company’s recruiting efforts. Meta recently launched its Llama AI model for…
Deloitte is hiring and you do not need a college degree to apply for a job at the prestigious company. In a programme to expand career opportunities while meeting its workforce needs, Deloitte is taking onboard workers who do not have a college degree. The recent Deloitte hiring drive has come in as an effect…