The case for easier money depends almost entirely on the labour market. The trouble is judging how much poor jobs numbers—and an accompanying slowdown in economic growth—reflect softer demand for workers rather than their shrinking supply https://t.co/uaahZ0kJMj ...

Next warns that sales will slow in the second half of the year, as the retailer forecast that the UK economy is set for sluggish growth https://t.co/exGiiBcXDM ...

Core Viewpoint - Atico Mining Corporation has signed an Investment Protection Agreement (IPA) with the Ecuadorian State for the La Plata mining project, involving a total investment of USD 157.9 million, marking a significant milestone for the company and the project [1][2]. Investment Agreement Details - The IPA provides legal and tax stability for the duration of the project, ensuring that essential regulations remain unchanged [2][5]. - A corporate income tax reduction of 5% is granted during the life of the contract [5]. - The agreement includes provisions for international arbitration in case of disputes, with arbitration to be conducted in New York under Ecuadorian law [2][5]. Project Development and Employment - The La Plata project is nearing the final stage of obtaining necessary environmental licenses and permits, with construction expected to begin once these are secured [3]. - The project is anticipated to create over 600 direct jobs and between 1,200 to 1,800 indirect jobs during the construction phase, and more than 300 direct jobs and between 600 to 900 indirect jobs once in commercial production [3]. Company Overview - Atico Mining Corporation focuses on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata VMS project [4].

Howard Schneider with Reuters. So, um, as you mentioned a minute ago, some margins of the job market would suggest that the slides already happening. Black unemployment rate in August was above 7%.Uh, declining work week, difficulty among co college graduates finding work, high rising youth unemployment. Why do you think a quarter percentage point now is going to arrest that. Well, I I hadn't say that I thought a quarter point would make a huge difference to the economy, but you got to look at the whole pat ...

If you look at uh the CME Fed watch, 96% chance, a 25 basis point cut. It seems to be the consensus we're going to get something. Is 50 basis points possible.I don't think so. I think you get 25 basis points. And I think the the more uh interesting dynamic surrounding this afternoon's Fed meeting is how many descents do we get.We potentially could get three descents. That's the first time since 1988. the dissents will be regarding what you're speaking toward, which is we should get a 50 basis point cut.So, ...

This room needs no introduction. We're in the Oval Office and we're here to speak with President Trump about all the changes and improvements he's made to the White House. If you look at before and after photos, which I'm sure we'll put on the screen, the oval looked kind of drab before President Trump gave it a little bit of a makeover here.And we'll talk to him about all the changes he's made, some of these paintings he's added, the artwork, and then we'll go out and you're going to see the rose garden pa ...

Leadership & Strategy - Bank of America appointed Dave Athanasiou and Jim Demarr as co-presidents to drive company-wide initiatives focused on long-term growth and returns, overseeing the bank's eight lines of business [1][3] - The leadership change aims to leverage the time of key executives and company-wide initiatives, while allowing business leaders to continue driving progress [5] - Bank of America emphasizes succession planning as a duty to the board, ensuring a pipeline of experienced candidates to run the company in the medium to long term [6] Growth & Efficiency - Bank of America is focused on organic revenue growth, expense efficiency, and the application of technology to drive business [11] - The company aims to close a relative value gap by showcasing its organic growth engine, with projections for earnings growth rates faster than the average company [12][14] - Bank of America is implementing workstreams to drive expense efficiency, implement new technologies, and manage credit risk [9] Investor Relations & Transparency - Bank of America held its first Investor Day in 15 years to showcase the company's current standing, organic growth, and unique initiatives [12][17] - The company aims to provide greater transparency and availability of information to investors, despite potential shifts in reporting frequency [20][22] - Bank of America highlights its competitive position as the largest small business lender and its competitive organic growth rate [16] Employee Investment & Labor Market - Bank of America is increasing its minimum wage to $25 per hour, equating to a $50,000 starting salary, along with enhanced benefits [24][28] - The company is committed to hiring 10,000 military veterans over the next five years and increasing opportunities for community college graduates [26] - Bank of America sees the labor market as more balanced, with turnover rates decreasing due to a career-oriented mindset among employees [30][33] Technology & Headcount - Bank of America is carefully managing headcount, leveraging technology like AI (Erica with 3 billion customer interactions) to improve efficiency [22][35] - The company is redeploying and reskilling employees to focus on high-value tasks that machines cannot perform [42][43] - Bank of America is managing headcount carefully, hiring approximately 1,300 to 1,500 people per month, focusing on talent acquisition from schools, veterans, and community colleges [37] Economic Outlook & Monetary Policy - Bank of America's experts believe the deceleration of growth is due to higher interest rates and uncertainty in tariffs [51] - The company anticipates the economy will grow back out, with next year predicted to be better than this year [53][54] - Bank of America believes the Federal Reserve has to adjust to the inflation picture and be mindful of the inflation side when considering rate cuts [54]

The Federal Reserve is meeting today and tomorrow, and all eyes are on Jerome Powell. Markets are expecting just a 0.25% cut, but that won’t be nearly enough. After months of being behind the curve, the Fed has to prove it’s serious about supporting the labor market, fixing the housing crunch, and jumpstarting growth. In this episode, I explain why only a 0.50% cut can restore confidence and why Powell can’t afford to play it safe anymore. 0:00 Intro 0:36 How much will The Fed cut interest rates by? 3:02 Wh ...

as we're about the midpoint of the day, but we have this very important Fed meeting. We all think we know what's going to happen. Jim, you and I were just talking before the show about the backdrop, about where we're sitting.Um, sort of frame it up for us. I think we all know what we think is going to happen from the meeting. What.Well, you know, we have a Fed chair and a Fed open market committee that doesn't like surprises. So, I think the 25 basis points is is probably baked in at this point in time. It ...

Ireland will allow data centers to use fossil fuels, highlighting the tension between economic growth and climate goals https://t.co/eIWegNhnJy ...