Economy

U.S. payrolls increased by 216,000 in December, much better than expected

The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than…

5 things to know before the stock market opens Friday

Here are the most important news items that investors need to start their trading day: A stellar run for U.S.…

Friday’s jobs report will be a big signal for a market looking for good news

When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet…

‘Mnuchin has not been in the room’: Trump Treasury secretary absent from 2024 campaign

After serving in the Trump administration for four years, former Treasury Secretary Steven Mnuchin is keeping his distance from the…

Private payrolls added 164,000 in December, beating expectations, ADP says

Hiring in the private sector rose at a faster-than-expected pace in December, closing out a strong 2023 for the resilient…

Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high

It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark…

Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show

Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little…