Stocks making the biggest moves midday: Shake Shack, Peloton, Canada Goose and more
Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more...
Biden lauds strong October jobs report as House works toward votes on big economic bills
US President Joe Biden delivers remarks on the October jobs report from the State Dining Room of the White House in Washington, DC on November 5, 2021. Brendan Smialowski | AFP | Getty Images WASHINGTON – President Joe Biden lauded...
Retailers look to staff up ahead of holiday rush with workers in short supply
My Secret Stash in Traverse City, Mich., is thinly-staffed ahead of the holiday rush. Owner Karen Hilt is gearing up for a strong shopping season. Courtesy: My Secret Stach Karen Hilt owns My Secret Stash in Traverse City, Michigan, retailing...
Biden meets with Fed leaders Powell and Brainard as nomination decision nears
Lael Brainard, governor of the U.S. Federal Reserve with Fed Governors, Jerome Powell and Stanley Fischer. Andrew Harrer | Bloomberg | Getty Images President Joe Biden met with Federal Reserve Chairman Jerome Powell and Governor Lael Brainard on this week...
Job creation roars back in October as payrolls rise by 531,000
The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones...
Long-term unemployment falls by 357,000 people but is still elevated
A man speaks with a woman about openings at a bakery at the Employers Only Long Island Food, Beverage and Hospitality Job Fair on Oct. 19, 2021 in Melville, New York. BRYAN R. SMITH | AFP | Getty Images About...
NZDUSD May Find its Feet ahead of 50.0% Fibonacci
NZDUSD has surrendered just about 50.0% of its latest rally from 0.6910 until 0.7217 but the negative drive seems to have somewhat softened. The falling 50-period simple moving average (SMA) appears to be heading for a bearish crossover of the...
NFP: Strong Beat! But Does It Matter?
The US added 531,000 non-farm jobs to the economy in October, stronger than the +455,000 that was forecasted. The September print was revised higher from +194,000 to +312,000, which makes the headline print more like +649,000! In addition, the Unemployment...
Strong jobs report shows economy back on track for further growth
Workers at Stellantis’ Detroit Assembly plant which produces the new 2021 Grand Cherokee L, a new three-row SUV. Michael Wayland | CNBC Broad-based strength in hiring in October signals the economy is shaking off the Covid-related slump of the third...
Weekly Focus – Central Banks Push Brakes on Rate Hike Speculation
The past week shed some light into central banks’ thinking amid growing stagflation fears around the world, and the general message was at least somewhat to the dovish side. At the same time, market’s inflation fears appear to have moderated...