The increase in new jobs in September slowed to a 17-month low of 263,000 due to ongoing labor shortages and waning demand for new workers as talk of recession grows, but it was still too strong for a Federal Reserve bent on slowing the economy and tackling high inflation.
Treasury yields rose Friday after the U.S. September payrolls report showed a surprise decline in unemployment as well as growth in wages, making a pivot in Fed policy less likely.
The U.S. is forecast to add 275,000 new jobs in September, according to economists polled by The Wall Street Journal. The unemployment rate is expected to stay a 3.7%.
Advanced Micro Devices Inc. shares fell in the extended session Thursday after the chip maker cut its already conservative forecast because a drop in PC sales after two years of pandemic-driven sales appears worse than feared.
Levi Strauss & Co. executives on Thursday reduced their expectations for the year as a stronger dollar and weaker economy contributed to a miss on quarterly revenue.
Ukraine, the Tesla and SpaceX chief suggested, should declare neutrality, cede any claim to the Crimean Peninsula (annexed unlawfully by Russia in 2014) and assent to a legitimizing rerun of the recent Kremlin-organized referendums in four Ukrainian oblasts to which Vladimir Putin has staked claims.
Founders of Gotham City Research and Portsea Asset Management launch new hedge fund to bet against markets after reaping rewards from the failure of Wirecard in 2020, reports say.
Why is it that we no longer get creative about fixing things? It’s not reasonable to be endlessly replacing items that could easily be given a second life.