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December 31st - Initial jobless claims in the U.S. unexpectedly fell to their lowest level in a month last week, but the unemployment rate is likely to remain high in December due to sluggish hiring. Initial jobless claims have fluctuated significantly in recent weeks as adjusting for seasonal fluctuations ahead of the holiday season presents challenges. The labor market is expected to remain in what economists and policymakers call a "neither hire nor fire" mode. While the U.S. economy has remained resilient recently, with third-quarter GDP growth reaching its fastest pace in two years, the labor market has nearly stagnated. Economists say that labor demand and supply are affected by import tariffs and immigration restrictions.December 31st - Last week, initial jobless claims in the United States fell to one of the lowest levels this year, highlighting the volatility of the data during the holiday season. Data released by the U.S. Labor Department on Wednesday showed that initial jobless claims fell by 16,000 to 199,000 in the week ending December 27, below economists expectations of 220,000. Recent data has been volatile, typical of the holiday season. The latest statistical period covers Christmas, as well as the newly established federal holidays of December 24 and 26. In addition, continuing jobless claims fell to 1.87 million the previous week.December 31st - Initial jobless claims in the U.S. continued to decline last week, reaching 199,000, lower than market expectations. Analysts stated that initial jobless claims during the holiday season fluctuate significantly and are subject to substantial seasonal adjustments, making them difficult to use as a basis for index compilation.U.S. initial jobless claims fell last week, while U.S. Treasury yields rose slightly.Trump Media Technology Group (DJT.O): Plans to distribute digital tokens to its holders, using Crypto.coms technology for the distribution.

Frasers Property of Singapore Will Take Its Hospitality Trust Private

Charlie Brooks

Jun 13, 2022 11:50

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Frasers Property, a Singaporean investment holding company, announced on Monday that it will privatize its subsidiary Frasers Hospitality Trust in a transaction that values the real estate investment trust (REIT) at S$1.35 billion ($970.46 million).


Frasers Property will purchase shares of the REIT, which runs hotels and serviced apartments across Asia, Australia, and Europe, at S$0.70 per share, a premium of 6.1% over their latest closing price.


Frasers Hospitality Trust is smaller than its competitors in a field where scale and size are crucial for liquidity and growth, the company claimed, adding that its size has hindered its ability to reap the benefits of a prolonged listing.


Frasers said that it had struggled to convert its property acquisitions into larger payouts to unitholders.


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