Labor Dept. Rule to Curb Lawsuits by Franchise Workers

Workers could have more difficulty suing large companies for wrongdoing by contractors or franchisees under a rule announced on Sunday by the Labor Department. Under the rule, which will take effect in March, employees of a fast-food franchise like a McDonald’s restaurant, for example, may struggle to win a legal claim against the parent company if a franchisee violates minimum-wage and overtime laws. “This final rule furthers President Trump’s successful, governmentwide effort to address regulations that hinder the American economy and to promote economic growth,” Secretary of Labor Eugene Scalia…

Canada’s economy just had its second-best year for jobs since 2007

Canadian employment rebounded in December after two straight monthly declines, capping the second-best year since the recession and supporting the Bank of Canada’s view that the bottom isn’t coming out of the labour market. Canada’s economy created 35,200 jobs in December, Statistics Canada said Friday in Ottawa. That brings the total number of jobs added to 320,300 this year, the second-most since 2007. The unemployment rate ticked down in the month to 5.6 per cent, from 5.9 per cent in November, and wage gains decelerated to a still healthy 3.8…

China Trade Data Due On Monday

China is scheduled to release December figures for imports, exports and trade balance on Monday, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to have risen 9.6 percent on year after adding 0.3 percent in November. Exports are called higher by an annual 2.5 percent after slipping 1.3 percent in the previous month. The trade balance is expected to reflect a surplus of $45.70 billion, up from $38.73 billion a month earlier. China also will see December numbers for new yuan loans, with forecasts suggesting a total…

World Bank Cuts Economic Outlook on China Pessimism

Date: 2020-01-09 12:37:35 Jan.09 — Freya Beamish, chief Asia economist at Pantheon Macroeconomics, discusses the outlook for China’s economy as the World Bank cut its forecast for global growth. The World Bank’s report included a downward revision for China to 5.9%, which would be the first sub-6% reading since 1990. Beamish speaks on “Bloomberg Surveillance.”

Carnegie Looking for More Active Management, Says CIO

Date: 2020-01-11 01:51:34 Jan.10 — Kim Lew, Carnegie Corporation chief investment officer, analyzes geopolitical risk and 2020 market forecasts from the perspective of endowment investment. She speaks with former U.S. Treasury Secretary Lawrence H. Summers and TIAA President Roger Ferguson and David Westin on “Bloomberg Wall Street Week.”