Market Extra: A red-hot July jobs number has traders penciling in another jumbo Fed rate hike

Traders pencil in a third 75 basis point rate rise by the Federal Reserve at their next meeting. Fed-funds futures reflect a 67% probability the rate would move the rate up by 75 basis points, or...

Summers warns of 'economic distress' as Fed's Powell holds out hope

Former Treasury Secretary Larry Summers and others are skeptical the Fed can cut inflation meaningfully without a jump in unemployment. Powell said last week the central bank isn’t trying to cause...

Jobs report: U.S. economy adds 528,000 jobs in July, unemployment rate falls to 3.5%

The Labor Department released its latest monthly jobs report at 8:30 a.m. ET on Friday. July's report marked a sharp jump from the prior month, which saw payrolls rise by 398,000. The U.S. labor...

As recession fears grow, strong US hiring is likely slowing

WASHINGTON (AP) — The American job market has defied raging inflation, rising interest rates, growing recession fears. Month after month, U.S. employers just kept adding hundreds of thousands of...

Here are the 5 things you need to know about Thursday's trading

CLOROX: Shares fell 6% in after-hours trading as quarterly revenue and profit missed Wall Street expectations. Fiscal fourth-quarter sales were flat at $1.8 billion., missing the estimate for...

Global stocks mixed as Pelosi visit to Taiwan irks Beijing

BEIJING (AP) — Global stock markets were mixed Wednesday as traders watched for potential economic impact from the visit to Taiwan by Nancy Pelosi, speaker of the U.S. House of Representatives....

US economy sending mixed signals: Here's what it all means

WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too.Growth appears to be sputtering, home sales are tumbling and economists warn of a potential...

US economy sending mixed signals: Here's what it all means

WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too.Growth appears to be sputtering, home sales are tumbling and economists warn of a potential...

Average long-term US mortgage rates edge up to 5.54%

WASHINGTON (AP) — Average long-term U.S. mortgage rates ticked up again this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its...

Wholesale inflation surges 11.3% in June, accelerating more than expected

The Labor Department says its producer price index climbed 11.3% in June from the previous year. On a monthly basis, prices grew by 1.1%. Both figures are higher than the 10.7% annual and 0.5%...

Rents in US Rise at Fastest Pace Since 1986, Buoying Inflation

Rents rose in the US last month at the fastest pace since 1986. In the 12 months through June, rents were up 5.8%. Those costs are soaring across the country as would-be homebuyers get priced out...

Economy Week Ahead: Inflation and Retail Sales in Focus

The National Federation of Independent Business will release data from its monthly survey. Economists surveyed by The Wall Street Journal expect to see that the survey’s index declined slightly in...

U.S. Economy Added 372,000 Jobs in June, Defying Slowdown Fears

Employers added 372,000 jobs, the Labor Department reported Friday. The unemployment rate, at 3.6 percent, was unchanged from May and near a 50-year low. Washington and Wall Street had keenly...

Market Rallies To Big Trouble Area; Jobs Report Looms

Chinese e-commerce giant Alibaba (BABA), gene-editing leader Crispr Therapeutics (CRSP), coal miner Alliance Resource Partners (ARLP), utility infrastructure firm Quanta Services (PWR) and solar...

Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week

Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week. Officials had signaled plans to raise interest rates in half-point increments. Recent deterioration in data could lead to a...

What inflation looks like in Southern California: 'It's a losing battle'

U.S. inflation hit a four-decade high in Southern California. Shoppers are cutting grocery budgets, businesses are scaling back operations. Low-wage workers are seeing their paychecks eaten away...

Friday's Trading: 5 Things to know

The Labor Department is expected to say the U.S. economy added 325,000 new nonfarm jobs in May. That’s down from the 428,000 in April. Look for hourly earnings to rise 0.4% from April and to jump...

Job Openings Seen Holding Near Record Highs This Spring, Private Data Show

U.S. Hiring Demand Remained Strong in April. Job openings slipped to 11.4 million from a record 11.9 million in March. The number of times workers quit their jobs fell slightly to 4.4million. The...

Powell says Fed 'won't hesitate' to hike interest rates until inflation falls

Federal Reserve Chairman Jerome Powell reiterated his commitment to curbing the highest inflation in decades. He indicated the central bank will raise interest rates as high as necessary in order...

Here's what just happened that triggers stock market drops 71% of the time, warns Credit Suisse

The Labor Department reported an ever-so-slight decline in inflation last week. A measure of individual investor sentiment showed the greatest percent of individual investors that were bearish...

April inflation report wildcard

The Labor Department is releasing the highly anticipated consumer price index report on Tuesday morning. Economists expect the gauge, which measures a basket of goods including gasoline, health...

What Bitcoin Could Be Worth to Fidelity. You'll Be Surprised

Fidelity is the country’s largest administrator of 401(k)s, overseeing 23,000 plans. Workers plow part of their paycheck in the plans every pay period, often getting a match from their employers....

Dow Jones Futures: Nasdaq Dives To New Lows As Treasury Yields Soar In Delayed Fed Reaction

The Dow Jones tumbled more than 1,000 points while the Nasdaq dived to its lowest levels since 2020. Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures, with...

OSHA tells Amazon to improve weather emergency protocols following deadly Illinois warehouse collapse

The Labor Department is ordering Amazon to review its practices of how the tech giant responds to severe weather emergencies. The facility in Edwardsville was destroyed on December 10, 2021, as a...

Stock futures trade cautiously ahead of bank earnings, economic data

U.S. equity futures traded mostly higher Thursday morning ahead of a slew of bank earnings reports. Thursday will be the final trading day of the week ahead of the Good Friday holiday. Oil futures...

Here are the signs the job market is hot for workers

Claims last week fell near an all-time low set in November 1968. Job openings and the number of people leaving a job voluntarily are near record highs. Wage growth is its strongest in years as...

U.S. economy will fall into a recession this summer, as inflation eats into consumer spending, former Fed official warns

Former Fed Governor Lawrence Lindsey says inflation will force consumers to cut back on spending. He says the U.S. central bank is “nowhere close’ to being able to control inflation. Lindsey said...

Treasury Secretary Janet Yellen says Americans will likely see another year of 'very uncomfortably high' inflation

Yellen: "We have seen a very meaningful increase in gas prices" Consumer prices rose 7.9% in February, the fastest pace since 1982. "My guess is that next month we'll see further evidence of an...

Stock futures fall ahead of key inflation reading

The major futures indexes suggest a decline of 0.8% when the opening bell rings on Wall Street. Economists polled by Reuters forecast that February's CPI would hit 7.9% year-over-year, amid strong...

The Hidden Ways Companies Raise Prices

Businesses are passing their rising costs on to consumers with new fees, truncated services and reduced contents in packaged goods. Lettuce Entertain You Enterprises Inc. has added a 3%...

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