Article 6PP3S Federal Reserve interest rate cut bets rise as US jobs disappointment fuels growth fears – as it happened

Federal Reserve interest rate cut bets rise as US jobs disappointment fuels growth fears – as it happened

by
Jasper Jolly
from Economics | The Guardian on (#6PP3S)

Non-farm payrolls show US economy created 114,000 jobs in July, well below expectations, sparking speculation of an emergency interest rate cut

Ryanair has revealed it cancelled some 650 flights in July because of air traffic delays, while rival Wizz Air said the global technology outage that hit Windows computers directly disrupted about 1% of its flights, Press Association reports.

The two airlines reported the impact of disruption as they unveiled how many passengers they flew last month.

Apple reported better-than-expected earnings in the third quarter of 2024, with buzz about its new AI features offsetting a continuing decline in its key China market.

Earnings exceeded analyst predictions despite a year-over-year decline in iPhone sales, with revenue rising 4.9% to $85.78bn in the three months ending 29 June, beating the average analyst estimate of $84.53bn. The company maintained its cash dividend at 25 cents for each share.

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