Breaking News: Economy

Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns

Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in…

The job market is strong, economists say — but workers don’t think so

The job market remains strong despite gradual cooling from pandemic-era highs, according to labor economists — but workers don’t seem…

Stocks making the biggest moves midday: Meta, Warby Parker, McCormick and more

Check out the companies making headlines in midday trading. Warby Parker — The eyewear maker popped 3.4% after Evercore ISI…

The Fed’s favorite inflation indicator rose less than expected in August

An economic indicator the Federal Reserve favors as an inflation gauge rose less than expected in August, showing that the…

Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more

Check out the companies making headlines in midday trading. Trimble — The technology services provider jumped 6.5% Thursday on the…

Speaker McCarthy criticizes Senate measure, says House will get bill done to avoid shutdown

House Speaker Kevin McCarthy, R-Calif., on Thursday criticized a short-term Senate government funding bill — stoking more fears that a…

Fed’s Neel Kashkari isn’t sure if interest rates are high enough to stop inflation

Minneapolis Federal Reserve President Neel Kashkari said Wednesday he’s unsure whether the central bank has raised interest rates enough to…

U.S. Latino economic output grows to $3.2 trillion, according to new study

The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according…

The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says

The U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating in 2011, according to…

Stocks making the biggest moves midday: SiriusXM, Cintas, United Natural Foods and more

Check out the companies making headlines in midday trading. Cintas — Shares fell 5.3% after the company reported its 2024…