The Jobs Report Was Even Worse Than It Seemed
Bad, very bad, and terrible employment reports Squint at the latest jobs report and you might find something to celebrate, but take a more measured look and you'll see that the economy is actually slowing and we're bracing for the effects. The Bureau of Labor Statistics said on Friday Employers added 142,000 jobs in AugustThere […]
U.S. stocks end down after jobs report, S&P 500 logs worst week since March 2023 – MarketWatch
This was the week investors were supposed to get some clarity on how much the Federal Reserve will cut borrowing costs later this month. But heading into market close on Friday, the central bank's plans appeared as unclear as ever. With the blackout period before the Fed's meeting about to begin, investors still don't have […]
Struggling Big Lots preparing bankruptcy filing, will sell stores: report
Discount home goods retailer Big Lots is preparing to file for bankruptcy as early as this Sunday and plans to sell its store chain under court supervision. Bloomberg News reported. He said Friday, citing people familiar with the matter. The company is reportedly continuing to operate under Chapter 11 bankruptcy protection and is currently in […]
Jobs report is a boom for migrants, slump for Americans
Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. A new jobs report for August shows that employment numbers for U.S.-born and foreign-born workers are on very different trajectories. According to data released by the Bureau of Labor Statistics, a division of the Department of […]
Report: ‘Highly Evolved’ Polio Strain May Have Been Leaked From Same Wuhan Lab Testing COVID-19
An aerial view of the P4 laboratory at the Wuhan Institute of Virology in Wuhan, central China's Hubei province, on April 17, 2020. (Photo by HECTOR RETAMAL/AFP via Getty Images) By Brooke Mallory, OAN StaffFriday, September 6, 2024 12:06 PM The same Chinese facility that allegedly leaked the new coronavirus to the world may also […]
Frustration over transgender ‘acceptance’ allegedly fueled Georgia shooting: CNN report
CNN reports that the FBI has uncovered evidence that links the suspect in the Apalachee High School shooting and could explain a motive for the attack. The report cited the document Assert Last year, the FBI identified a Discord account as belonging to Colt Gray, and according to a summary posted by CNN, the account's […]
August jobs report breakdown: Which industries hired the most workers?
Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. Increased employment GDP rose slightly in August but fell short of economists' expectations as job losses in manufacturing, retail and other sectors partly offset gains in other sectors. In its monthly employment report released on Friday, […]
Bitcoin Hits Lowest Price in a Month Following Weak US Jobs Report – Decrypt
Bitcoin Price Bitcoin plummeted to below $54,000 per coin on Friday after the U.S. jobs report showed payroll numbers were weaker than expected. Bitcoin, the largest digital asset by market cap, is currently trading at $53,829, its lowest price since Aug. 5, according to CoinGecko. It has fallen about 5% in the past 24 hours […]
Dow tumbles over 300 points after weak jobs report spooks investors
Wall Street's main stock indexes fell on Friday after a key jobs report did little to dispel uncertainty over the size of an expected interest rate cut when the Federal Reserve meets later this month. In recent trading, the Dow Jones Industrial Average fell 352 points, or 0.9%, to 40,409. The S&P 500 was down […]
Wall Street hits session low, yields fluctuate as market digests mixed August jobs report – Seeking Alpha
U.S. stocks came under downward pressure on Friday and Treasury yields were slightly more volatile after mixed August jobs data sparked a debate over the size of interest rate cuts the Federal Reserve plans to make later this month. Futures initially pared losses before the open after the nonfarm payrolls data was released. Meanwhile, Treasury […]