Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
Nonfarm payrolls were expected to increase by 200,000 in March and the unemployment rate was forecast to decrease to 3.8%.
McDonald’s will buy all 225 restaurants from Israel franchise following pro-Palestinian boycott fallout
Consumers in Muslim-majority countries have boycotted the brand over what they perceive to be its support for Israel, something the U.S.-based company denies.
Apple supplier Foxconn posts 9% fall in first-quarter revenue, sees growth ahead
Despite the fall seen in the first quarter, the company expects a better second quarter in terms of revenue.
Fed’s Kashkari raises prospect of zero rate cuts — but Goldman says that would be ‘very surprising’
Jan Hatzius, chief economist at Goldman Sachs, said Friday that he still expects three interest rate cuts from the Federal Reserve this year.
Economist El-Erian says the Fed has turned into a play-by-play commentator
The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said Friday.
India’s Vistara cuts flights as pilots’ protest over salary revision leads to cancellations, delays
Pilots have called in sick to protest the terms of their new contract that will come into effect following the carrier’s upcoming merger with Air India.
Moscow reports concert terror attack link to Kyiv; Zelenskyy says Ukraine stabilized battle positions
Russian authorities have sought to cement a link between Kyiv and the Crocus City concert hall attack that killed 134 people.
Nvidia plans to build a $200 million AI center in Indonesia amid push into Southeast Asia
Nvidia is planning to build an AI center worth $200 million in Indonesia with a local telecoms giant Indosat Ooredoo Hutchison, an Indonesian minister has said.
CNBC Daily Open: Risk aversion in vogue
Some of the usual safe haven suspects have been suspiciously popular this week.
Gold has broken through the $2,300 level, and one market veteran has a bullish call looking ahead
Juerg Kiener, chief investment officer at Swiss Asia Capital, says his forward curve for gold “looks fantastic.”
