Strong jobs number dashes recession fears and shows Fed it does not need to move on rates
March’s jobs growthpowered back to a more normal level of 196,000, after February’s weakness, suggesting some of the first-quarter slowdown is fading. The better-than-expected March payrolls, combined with February’s revised but still shockingly low 33,000 jobs and January’s above trend...
Trump says economy would take off like ‘a rocket ship’ if Fed cut rates, ending tightening policy
President Donald Trump said Friday the U.S. economy would climb like “a rocket ship” if the Federal Reserve cut interest rates. Commenting after a strong jobs report for March, Trump said the Fed “really slowed us down” in terms of...
Job market bounces back in March with 196,000 gain in payrolls
Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday. That was better than the 175,000 Dow Jones estimate and comes...
Josh Brown: How I explain the stock market vs the economy
Each day, investors are treated to news about the economy and information about how the stock market has done recently. It can be very difficult to process what’s going on because at any given moment in time, there may be...
Jamie Dimon: US ‘absolutely’ right to enter trade war, despite short-term economic toll
J.P. Morgan Chase CEO Jamie Dimon did not condemn the White House’s decision to face off with China on trade. Even if it’s a drag in the near-term. When asked whether he thought the trade dispute was one we should...
Friday’s jobs report could eliminate market’s recession fears
Companies seem to have done a lot of hiring in March, and if Friday’s jobs report is as strong as expected, it could go a long way towards reducing speculation that a recession is coming and that the Fed will...
Democrats want to force businesses to contribute to retirement plans
Democrats aren’t just pushing for a higher minimum wage. Now they’re talking about “minimum retirement.” Sens. Chris Coons of Delaware and Amy Klobuchar of Minnesota planned to introduce a bill Thursday that would make companies contribute to employee retirement plans....
Jamie Dimon: ‘The social needs of far too many of our citizens are not being met’
America is the richest country in the history of the world, but stagnant wages and lack of opportunity have left too many behind, J.P. Morgan Chase CEO Jamie Dimon said in his annual letter to shareholders Thursday. “Forty percent of...
US weekly jobless claims drop to the lowest level since 1969
The number of Americans filing applications for unemployment benefits dropped to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth. Initial claims for state unemployment benefits declined 10,000 to a seasonally adjusted...
Semiconductors are killing it—thanks to China
Semiconductors are killing it, and you can thank China. The Semiconductor ETF (SMH) is just shy of the historic high it hit a year ago, and there’s good reason for it: China. The five S&P companies with the biggest exposure...