Wall Street reacts to the Fed’s “cautious” first rate cut in four years
(Bloomberg) — Traders increased their bets on further easing of monetary policy by the Federal Reserve, and the dollar weakened slightly after the Federal Reserve cut interest rates by half a percentage point for the first time in four years….
Unemployment rate drops to 4.2%, labor market creates 142,000 new jobs
The US economy created fewer jobs than expected in August, while the unemployment rate fell slightly. Data from the Bureau of Labor Statistics released Friday showed that the labor market added 142,000 nonfarm jobs in August, less than the 165,000…
Unemployment rate drops to 4.2%, labor market creates 142,000 new jobs
The US economy created fewer jobs than expected in August, while the unemployment rate fell slightly. Data from the Bureau of Labor Statistics released Friday showed that the labor market added 142,000 nonfarm jobs in August, less than the 165,000…
Nasdaq gets off to a bumpy start in September as Nvidia sell-off continues
U.S. stocks fell on Tuesday, marking a historically difficult month for markets, with AI darling Nvidia (NVDA) and chip stocks dragging tech stocks lower. Meanwhile, attention turned to a week of economic and labor market data, led by a key…
Analysis – With US rate cuts looming, the chances of an economic ‘soft landing’ could determine equity performance
By Lewis Krauskopf (Reuters) – With rate cuts virtually a done deal, investors will be focusing more on economic data over the next few months to see if the “soft landing” tale that has boosted U.S. stocks in 2024 can…
Stock prices weaken, dollar slumps; Nvidia profits in focus
By Wayne Cole SYDNEY (Reuters) – Major stock markets were hesitant on Monday, while the dollar and bond yields slipped ahead of the release of inflation data that could pave the way for interest rate cuts in the U.S. and…
Stocks rise on average jobless claims: Market overview
(Bloomberg) — Stocks rose after the latest unemployment data showed that the labor market is cooling gradually rather than slowing rapidly due to the Federal Reserve’s increased interest rates. Most read by Bloomberg Ahead of Jerome Powell’s speech in Jackson…
S&P 500 futures stall on cautious wait for labor market revision and Fed minutes
U.S. stock futures stalled on Wednesday after the markets’ roaring recovery reached its limits as investors awaited Federal Reserve minutes and revisions to jobs data that are likely to influence bets on rate cuts. S&P 500 futures () were little…
Is Shell plc (SHEL) the best blue chip stock under $100?
We recently published a list of The 10 best blue chip stocks under $100In this article, we will look at how Shell plc (NYSE:SHEL) compares to other blue-chip stocks under $100. We are all wondering just one thing: Is the…
New York Fed survey: Americans fear becoming unemployed and are looking for jobs more frequently than in 10 years
More Americans are looking for work, and concerns about unemployment have reached their highest level in a decade, according to a new survey released Monday by the Federal Reserve Bank of New York. According to the New York Fed, the…
