The Bank of England has told us time and time again that pay growth is key to the interest rate outlook.
from Matt Spetalnick:
WASHINGTON (Reuters) - U.S. President Barack Obama may fail to pacify Gulf Arab fears over his Iran nuclear diplomacy at a summit this week, following a pointed Saudi snub of the event. But a bigger question looms for Washington: how much does it matter?
from Data Dive:
As this Reuters graphic shows, planned layoffs in the energy sector have grown precipitously this calendar year, reflecting badly bruised oil prices. According to the outplacement firm Challenger, Gray and Christmas, employers announced workforce reductions totaling 61,582 in April--53 percent higher than the same month a year ago. So far this year, employers have announced 201,796 planned job cuts, which marks a 25 percent increase from the 161,639 layoffs tracked in the first four months of 2014. This is the largest four-month total since 2010.
from American Insights:
Twitter's stock took a pounding last week because of weaker-than-expected earnings and a warning from the company about the next quarter. But it should not be a great surprise, given the recent Reuters/Ipsos poll on social media use.