Private payrolls up 571,000 in October on jump in hospitality hires, topping estimate, ADP says
A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images Private sector job creation popped higher in October thanks to a burst in hiring in the hospitality sector, payroll processing...
Mortgage rates fell slightly, but weekly refinance demand couldn’t recover
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images A slight reprieve from rising mortgage rates did nothing to invigorate mortgage demand. Total mortgage application...
Bank of England could be about to hike rates in the face of surging inflation
General view of The Royal Exchange, Bank of England and City of London on an overcast day. Vuk Valcic | SOPA Images | LightRocket | Getty Images LONDON — The Bank of England’s Monetary Policy Committee will meet Thursday to...
The Fed is about to set its post-crisis policy course — with a high level of uncertainty ahead
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, U.S., June 22, 2021. Graeme Jennings | Reuters When the Federal Reserve adjourns its meeting Wednesday,...
Democrats might not touch these taxes on the wealthy, but they’re going up anyway
Tasos Katopodis | Getty Images News | Getty Images Democrats jettisoned a number of proposals to raise taxes on the wealthy in their $1.75 trillion social and climate spending measure. But those taxes are set to increase even if lawmakers...
Investors expect a faster pace for Fed rate hikes, CNBC survey shows
Amid heightened concerns about inflation, respondents to the CNBC Fed Survey believe the Federal Reserve will announce a decision to taper Wednesday and begin hiking interest rates considerably sooner than previously forecast. Respondents to the survey overwhelmingly forecast that the...
‘Absolutely bullish’: Why PNC Financial sees the growth trade beating value into year end
If the market’s record rally continues into year end, PNC Financial’s Amanda Agati predicts value stocks will lag and growth stocks will play a dominant role. Agati, the firm’s chief investment officer, blames a slowing economy and earnings — as...
Yellen says she has discussed Fed chair with Biden, praises Powell for doing a ‘good job’
Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position. She did not disclose any specific plans Biden has, though...
Build Back Better would extend tax credit boost for millions of low-income Americans
President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol earlier in the day on Thursday, Oct. 28,...
Stocks making the biggest moves in the premarket: Harley-Davidson, Spotify, Trivago and more
Take a look at some of the biggest movers in the premarket: Harley-Davidson (HOG) – The motorcycle maker’s shares soared 9.4% in the premarket after the U.S. and the European Union ended a dispute involving steel and aluminum tariffs. Harley...