Stock market on comeback trail heads into what’s supposed to be another stellar earnings season
A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, October 6, 2021. Brendan McDermid | Reuters Stocks proved hard to keep down this week, and the start of...
Stocks making the biggest moves midday: Marathon Oil, General Motors, Oatly and more
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. Daniel Becerril | Reuters Check out the companies making headlines in midday trading. Energy —...
September jobs report hints at unemployment benefits’ muted role in pandemic labor market
A Now Hiring sign hangs near the entrance to a Winn-Dixie Supermarket on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images The September jobs report issued Friday offered yet more evidence that pandemic-era unemployment benefits didn’t hold...
September’s jobs creation comes up short with gain of just 194,000
The U.S. economy created jobs at a much slower-than-expected pace in September, a pessimistic sign about the state of the economy though the total was held back substantially by a sharp drop in government employment. Nonfarm payrolls rose by just...
Stocks making the biggest moves premarket: Tesla, Quidel, Chubb and more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla announced it would move its corporate headquarters to Texas from California, with CEO Elon Musk noting the high cost of living and operating in California. Musk did...
Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000
Senator-elect Cynthia Lummis, a Republican from Wyoming, stands for a photo at the U.S. Capitol in Washington, D.C., November 9, 2020. Stefani Reynolds | Pool | Reuters Senator Cynthia Lummis, R-Wyo., just disclosed a sizable bitcoin purchase as the crypto supporter...
Fed Governor Lael Brainard is in line for a key banking position. Here’s what it could mean for Wall Street
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Lael Brainard’s increased...
Jobless claims post sharp decline to 326,000, better than expectations
The total of Americans submitting jobless claims fell sharply last week as enhanced federal unemployment benefits wound down, the Labor Department reported Thursday. Initial filings for unemployment benefits totaled a seasonally adjusted 326,000 for the week ended Oct. 2, below...
Stock futures are higher after investors’ debt ceiling concerns dwindle
U.S. stock futures edged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier in the day as investor concerns about a debt ceiling deal eased. Dow Jones Industrial Average futures rose 181 points. S&P...
Companies hired at a brisk pace in September despite fears about Covid and the economy, ADP says
Companies shook off worries over the Covid delta variant and hired at a faster-than-expected pace in September, according to a report Wednesday from payroll processing firm ADP. Private jobs rose by 568,000 for the month, better than the Dow Jones...