Fed’s Mester lauds jobs report but says it’s not enough to change policy
May’s job gains were “solid” but not enough to change the direction of monetary policy, Cleveland Fed President...
Job creation accelerated in May but is still below lofty expectations
Job creation disappointed again in May, with nonfarm payrolls up what normally would be considered a solid 559,000...
Powell says climate change is not a main factor in the Fed’s policy decisions
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell said Friday that climate...
Wall Street should brace for ‘larger than normal price swings,’ PNC’s chief investment officer warns
A top investor expects volatility to dominate Wall Street for months. Amanda Agati, PNC Financial’s chief investment officer,...
Jobless claims fall below 400,000 for the first time since the early days of the pandemic
Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic,...
Companies hired nearly a million new workers in May, ADP says
Private job growth for May accelerated at its fastest pace in nearly a year as companies hired 970,000...
Tesla recalls hundreds of Model 3 cars that were shipped to China
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January...
3.7 million Americans set to lose unemployment benefits early as 25 states exit federal programs
Maryland Gov. Larry Hogan Chip Somodevilla | Getty Images News | Getty Images Around 3.7 million Americans will...
U.S. inflation is transitory but could become more persistent, says ex-Fed official Dudley
The recent spike in U.S. inflation is likely transitory for now — but it could become more persistent...
U.S. Treasury Secretary Yellen and China’s vice premier talk about cooperation and economic recovery
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the...
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