Strong jobs report gives Fed the green light for more rate increases
August’s surprise jump in wages could be a sign of more wage growth ahead — good news for workers and a green light for the Fed when it comes to interest rates hikes. The workforce expanded by 201,000 in August,...
Larry Kudlow rips the person who wrote the NYT op-ed, delivers impassioned defense of Trump
White House economic advisor Larry Kudlow denied on Friday that he was the anonymous senior official who wrote The New York Times op-ed piece that has rocked the Trump administration, and he had harsh words for whoever did. He called...
Kudlow says China may find itself more isolated if trade talks with US fail
Larry Kudlow, the White House’s top economic advisor, said China may feel more isolated if trade talks with the U.S. fail. Kudlow shared his views on the economy and the jobs report on CNBC’s “Squawk on the Street” Friday. “I...
Kudlow: Job gains, wage growth show Trump’s ‘economic boom continues’
White House economic advisor Larry Kudlow is extremely optimistic about the U.S. economy. “The economic boom continues,” he said on CNBC’s “Squawk on the Street” Friday, citing the August jobs report and the month’s wage gain data. “It’s the big...
Your first trade for Friday, Sept 7
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Constellation Brands David Seaburg was a buyer of Pfizer Dan Nathan was a seller of Taiwan Semiconductor Guy Adami was a buyer...
Economy adds more jobs than expected in August, and wage growth hits post-recession high
Long-awaited wage growth posted its biggest increase of the economic recovery in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday. Average...
Bank of America says buy Micron shares on dip because of the ‘favorable’ chip market
The dip in Micron’s stock is a great buying opportunity, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for Micron shares, predicting strong financial results for the memory chipmaker. Micron shares declined 9.9 percent Thursday...
Stocks making the biggest move premarket: CPB, TWTR, MAT, FIVE, AVGO & more
Check out the companies making headlines before the bell: Campbell Soup – Campbell Soup is under increased pressure from investor Daniel Loeb’s Third Point, with the Wall Street Journal reporting that Third Point plans to launch a proxy fight to...
Manufacturing is firing on all cylinders, but a lack of skilled workers is squeezing the sector
The U.S. manufacturing sector is booming — adding 350,000 jobs since President Donald Trump took office in January 2017. But while a strong economy is helping to bolster the industry, it’s also being crunched by an increasingly tight labor market,...
Robinhood is on the path to IPO and is searching for a CFO
Popular stock-trading platform Robinhood is preparing to go public. The company’s CEO Baiju Bhatt said Thursday that in the “medium to long-term” the company will look to do an initial public offering, or IPO. “It’s something we think is very...
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