Stocks making the biggest moves midday: Pinterest, Square, Etsy, Newell Brands & more
Traders work on the floor of the New York Stock Exchange. Getty Images Check out the companies making headlines midday Friday: Pinterest — Pinterest’s stock soared more than 20% after the social media company topped estimates for its second quarter...
Jobs report shows labor market solid as economy faces new trade threats
Wages picked up and hiring continued to be strong in July but at a much slower pace than last year, reflecting an economy heading toward full employment but still with workers looking to move into the labor force. The economy...
Fed’s rate cutting helps provide cover for Trump to wage the trade war
Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019. Liu Jie | Xinhua | Getty Images President Donald Trump’s move to intensify the trade dispute with China comes with...
US consumer sentiment index hits 98.4 in July, slightly topping June numbers
A customer browses products at a Walmart store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images The University of Michigan’s final print on its consumer sentiment index for July came in at 98.4, matching its mid-month reading....
Trade deficit remains stubbornly high amid escalating global tensions
The U.S. deficit with its global trading partners edged lower in June but was bigger than expected ahead of an escalating trade war with China. A government report Friday showed a $55.2 billion shortfall, down $200 million from the previous...
Payrolls rise 164,000 as labor force sets a record high
Payroll growth rose in line with expectations in July and the unemployment rate remained at 3.7% amid a sharp jump in the size of the labor force to its highest level ever. The Labor Department reported Friday that payrolls increased...
Trump to make EU trade announcement on Friday, according to the White House
U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, DC, March 27, 2019. Saul Loeb | AFP | Getty Images U.S. President Donald Trump will make a trade announcement about the European Union later...
Jobs report should show solid but slower trend of hiring
The economy is expected to have added 165,000 jobs in July, a drop of about 60,000 from June and possibly the start of a more moderate hiring trend as the economy edges toward full employment. The jobs report, the most...
Trump’s new tariffs on China might shrink the global economy, says bank CEO
President Donald Trump’s new tariffs on China could “shrink” the global economy, said the chief executive of Singapore’s second-largest lender by assets, Oversea-Chinese Banking Corp, on Friday. “It’s not good for Asia’s economy, it’s not good for China, but it’s...
Beijing responds to Trump’s new $300 billion tariff threat
China’s foreign ministry pushed back against President Donald Trump’s latest tariff threat on Friday, reportedly saying the world’s largest economy should give up its illusions, shoulder some responsibility and come back to the right track on resolving the trade war....
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Trading education
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