Unemployment rate unexpectedly rose to 3.8% in August as payrolls increased by 187,000
The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in…
‘Really bad economics’: Nobel laureate Joseph Stiglitz explains where the Fed went wrong on inflation
The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over…
Stocks making the biggest moves after hours: Dell, Lululemon and MongoDB
Check out the companies making headlines after hours. MongoDB — Shares of the database software maker gained 5% in extended…
Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last
Consumer spending may not be out of the woods. Real spending is expected to come in 1.9% higher in the…
China says drop in trade with the U.S. is ‘a direct consequence of U.S. moves’
BEIJING — China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in…
Stocks making the biggest moves premarket: Box, Insulet, HP and more
Check out the companies making headlines before the bell. Align Technology — Shares rose 2.5% in early morning trading after…
U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says
Job creation in the United States slowed more than expected in August, according to ADP, a sign that the surprisingly…
European stocks close higher as investors look ahead to fresh economic data
European shares traded higher on the final trading week of August, as traders weighed the prospect of higher interest rates…
Op-Ed: Less affordable homes don’t just ruin American dreams, they’re a threat to the economy
Being able to buy a home keeps getting harder. The National Association of Realtors said earlier this month that its…
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest…
