The big number from the October jobs report could be bad news for the market
October’s nonfarm payrolls report Friday could bring some good news for the jobs market, which might be bad news for the stock market. The Labor Department’s count always gets a close watch on Wall Street for the pace of company...
Kudlow calls federal minimum wage ‘a terrible idea’
A federal minimum wage is “a terrible idea” that hurts small businesses, White House economic advisor Larry Kudlow said Thursday. With midterm elections less than a week away, speculation is building as to what changes might be in store in...
BlackRock won’t offer a cryptocurrency ETF until the industry is “legitimate,” CEO Larry Fink says
The world’s largest asset manager is not launching an exchange traded fund for cryptocurrency — at least not until the industry grows up a bit. “I wouldn’t say never, when it’s legitimate, yes,” BlackRock CEO Larry Fink said at the...
Kudlow: ‘Toppy’ tech stocks led the market down, not Trump’s tariffs
The recent stock market pullback resulted more from overvalued technology stocks than it did from worries over President Donald Trump’s tariffs, White House economic advisor Larry Kudlow said Thursday. “I think a lot of the big, big tech stocks, the...
Manufacturing activity slips for second month; construction spending unchanged in September
U.S. manufacturing activity fell short of expectations in October with a gauge of new orders easing to its lowest level since April 2017. The Institute for Supply Management (ISM) said its index of national factory activity dropped 2.1 percentage points...
US auto sales rise as SUVs, trucks dominate
Top U.S. automakers reported another month of rises in sales of sports utility vehicles and pick-up trucks on Thursday as American consumers continued to shun sedans and hatchbacks. The country’s No. 2 producer, Ford, reported a 6.7 percent rise in...
US online spending set to rise 14.8% in 2018 holiday season
U.S. online spending during the holiday shopping season is likely to grow 14.8 percent this year to $124.1 billion, far outpacing the 2.7 percent growth predicted for brick-and-mortar locations and highlighting the ongoing switch from stores to web shopping. The...
Watch Larry Kudlow speak live about the state of small business
[The stream is slated to start at 9:30 pm ET. Please refresh the page if you do not see a player above at that time.] Top White House economic advisor Larry Kudlow is speaking Thursday in Washington, D.C. at an...
US productivity growth slows to a 2.2% rate in the third quarter
U.S. productivity grew at an annual rate of 2.2 percent in the third quarter. It marks a slowdown from the previous quarter but is still better than the weak gains seen for most of this nine-year expansion. Labor costs accelerated...
US weekly jobless claims fall; continuing claims at the lowest level since 1973
New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market conditions tightened further. Initial claims for state unemployment benefits dropped 2,000 to a...
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Trading education
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