Economy

Biden signs debt ceiling bill, avoiding a catastrophic economic default

WASHINGTON — President Joe Biden on Friday evening gave his first address from the Oval Office to discuss a bill to…

Stocks making the biggest moves midday: Lululemon, SentinelOne, T-Mobile, MongoDB and more

Check out the companies making headlines in midday trading. Lululemon — The athleisure apparel company rallied 11.3% on strong fiscal…

Unemployment dropped among Hispanic men and women in May but rose for Black workers

The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report. The…

Why wealthy Americans love UBS, the secretive Swiss banking giant

With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS…

Here’s where the jobs are for May 2023 — in one chart

The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services…

Payrolls rose 339,000 in May, much better than expected in resilient labor market

The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds,…

Senate passes bill to raise debt ceiling, preventing first-ever U.S. default

WASHINGTON — The Senate late Thursday passed a House-approved bill to raise the debt ceiling and cap government spending for…

Stocks making the biggest moves midday: Dollar General, Salesforce, C3.ai, Chewy and more

Check out the companies making the biggest moves midday. Dollar General — Shares sank nearly 20% after the company reported…

5 things to know before the stock market opens Thursday

Here are the most important news items that investors need to start their trading day: Stocks are set to kick…

Stocks making the biggest moves premarket: Macy’s, Salesforce, Dollar General and more

Check out the companies making headlines before the bell. Nordstrom — Shares rose 4.7% after Nordstrom’s first-quarter results topped Wall…