Jaap Arriens | NurPhoto | Getty Images Bitcoin jumped above $50,000 Monday, at one point reaching its highest level in more than two years. The price of the flagship cryptocurrency was last higher by 4% at $50,168.36, according to Coin Metrics. Earlier, it rose to $50,334.00, its highest level since December 2021. Ether was higher … Read more
2023-08-04 16:42:11 Job growth in July was less than expected, pointing to a slower pace in the U.S. economy though perhaps not a long-anticipated recession, the Labor Department reported Friday. Nonfarm payrolls expanded by 187,000 for the month, slightly below the Dow Jones estimate for 200,000. Though the headline number was a miss, it actually … Read more
2023-05-05 13:46:54 Job growth fared better than expected in April despite bank turmoil and a decelerating economy, the Labor Department reported Friday. Nonfarm payrolls increased 253,000 for the month, beating Wall Street estimates for growth of 180,000, according to the Bureau of Labor Statistics. related investing news The unemployment rate was 3.4% against an estimate … Read more
2023-05-02 16:07:15 An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, April 7, 2023. Elizabeth Frantz | Archyde.com Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. job market is loosening and possibly putting less … Read more
Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. Patrick Semansky AP Markets have changed their mind — again — about what they think the Federal Reserve will do next week regarding interest rates. In a morning … Read more
Inflation rose in February but was in line with expectations, likely keeping the Federal Reserve on track for another interest rate hike next week despite recent banking industry turmoil. The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Both readings were exactly in … Read more
Wall Street’s main indexes rose at the open on Monday, after recording sharp declines last week, but losses for Tesla limited the Nasdaq’s gains after the world’s most valuable electric car company failed to meet its quarterly delivery targets. The Dow Jones Industrial Average rose 129.74 points, or 0.45%, to open at 28,855.25 points. The … Read more
Wall Street’s main indexes opened lower on Monday, as investors worried that aggressive steps by the Federal Reserve to curb inflation could push the country’s economy into recession. The Dow Jones Industrial Average fell 53.57 points, or 0.18%, to 2,9536.84 points. The Standard & Poor’s 500 Index fell 10.51 points, or 0.28%, to 3,682.72 points. … Read more