Stock market today: Indexes rise but S&P 500 on track to snap 6-week win streak as yields spike
Major indexes rose Friday but were on track to end a six-week run of gains. Yields stabilized after jumping to three-month highs earlier in the week.
Americans are quitting their jobs at the lowest rate in years. It’s making it harder to get raises and promotions.
A hiring slowdown is preventing workers from quitting their jobs for raises and promotions.
No recession risk regardless of who wins the White House, says Blackstone’s Steve Schwarzman
Blackstone CEO Steve Schwarzman said the US economy looks robust and both Donald Trump and Kamala Harris are running on pro-growth policies.
The bond market is selling off after traders got their Fed forecasts wrong
“We could easily get a scenario where the Fed will basically have to reverse course and begin to stay on hold,” Apollo’s Torsten Sløk said.
Several banks are still paying close to 5% for your cash, one month after the Fed cut rates
One month ago, the Federal Reserve cut its interest rates, lowering bank account rates. Find out how you can still earn a good rate for your savings.
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Bank bosses aren’t worried about lower interest rates — and even see some upside
Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and loans in general, as well as driving repayments.
Fed Governor Waller says ‘more caution’ needed on rate cuts after data showing a hot economy
Federal Reserve Governor Christopher Waller said recent economic data shows the Fed should ease more cautiously after last month’s jumbo rate cut.
Stock market today: Indexes close lower after CPI shows sticky inflation in September
Indexes slipped Thursday as investors took in higher-than-expected inflation. The latest data has sparked talk of a “no landing” for the US economy.
Stock market today: Indexes decline after inflation comes in hotter than expected
Indexes slipped Thursday as investors took in hotter-than-expected inflation data on the heels of
last week’s blockbuster jobs report.
Why the stakes for the September inflation report have risen after a blowout jobs number
The stakes for the September CPI report are higher after last week’s red-hot jobs data. An upside surprise could stoke fresh volatility for stocks.
The bar for earnings is low, and stocks should rise as long companies are feeling upbeat about lower rates, BofA says
“As long as companies have managed through macro headwinds and see early signs of improvement from lower rates, stocks should get rewarded.”
Rate cuts were supposed to push mortgage rates lower. The opposite has happened.
Friday’s blockbuster jobs report reinforced the surprising increase in mortgage rates, since economic strength means less chance of further rate cuts.
A recession next year is now even less likely following the blowout jobs report, says Goldman Sachs
Economists are less concerned about an imminent downturn after far more jobs were added in September than expected, and unemployment fell.
Stock market today: Indexes fall, oil surges on Middle East turmoil ahead of jobs report
Indexes fell Thursday on rising risks to oil supplies amid escalating Middle East tensions and as traders braced for Friday’s labor market update.
Stock market today: Indexes slip as jobless claims rise ahead of highly anticipated jobs report
Indexes edged lower Thursday as investors took in an uptick in jobless claims and simmering tensions in the Middle East. A key jobs report is due Friday.
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A researcher who studied Trump’s plans to control the Fed said it could tank the economy
Economists at a top think tank found Trump’s threat to undermine the Fed would lower GDP, raise inflation, and cause capital to flow out of the US.
Stock market today: S&P 500 notches fresh record on labor-market data and China stimulus pledge
Indexes rose Thursday on a surprise fall in jobless claims and pledges of further stimulus in China ahead of key inflation data.
It’s refinancing time: Americans are already capitalizing on lower rates
Refinancing activity is already surging after the Fed cut interest rates last week for the first time in years.
Stock market today: Indexes rally on China stimulus, promising labor-market data
Indexes rallied Thursday amid a surprise fall in jobless claims and promises from China to further invigorate the country’s sluggish economy.
Elon Musk is $100 billion richer than in April thanks to Tesla’s stock surge — and worth more than McDonald’s or Pepsi
Tesla CEO Elon Musk has staged a $100 billion comeback after a $65 billion wealth drop in the spring.