Private payrolls increase by just 374,000 in August, far short of the 600,000 estimate, ADP says
U.S. companies created far fewer jobs than expected in August as the Covid resurgence coincided with cutbacks in hiring, according to a report Wednesday from payroll services firm ADP. Private payrolls rose just 374,000 for the month, well below the...
Stock futures open slightly higher following another record-setting month for the S&P 500
Traders work on the floor of the New York Stock Exchange (NYSE), Aug. 3, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures opened slightly higher Tuesday night after the S&P 500 notched a seven-month win streak in...
Two more factors have popped up that add to the Fed’s inflation worries
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Trends in home prices and consumer expectations that were part of data releases Tuesday pointed to more inflationary issues on the...
Stocks making the biggest moves in the premarket: Zoom Video, Robinhood, Designer Brands and more
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly earnings of $1.36 per share, 20 cents a share above estimates. Revenue also beat forecasts and topped $1 billion for the...
Robinhood tanks after SEC chair tells Barron’s that banning payment for order flow is a possibility
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Shares of Robinhood...
Homebuyers sign fewer contracts in July, as high prices chill the summer market
A pending sale sign in front of a home in Miami. Getty Images Signed contracts to purchase previously owned homes fell 1.8% in July from June, according to the National Association of Realtors. Sky-high home prices have caused affordability to...
Stock futures are flat as S&P 500 and Nasdaq sit at a record
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were steady in overnight trading on Sunday as...
Stocks making the biggest moves midday: Dell, Peloton, Workday and more
Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares...
Powell’s benign view on inflation is getting pushback at the Fed, and elsewhere
American Peterbilt truck on trucking route Interstate 10 in Louisiana. Tim Graham | Getty Images Federal Reserve Chairman Jerome Powell’s conviction that the inflation winds whipping through the U.S. economy this year soon will subside is not universally shared. In...
Powell sees taper by the end of the year, but says there’s ‘much ground to cover’ before rate hikes
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance. In a...
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