Apologies if you've heard this one before, but the jobs market is slowing down. No, really.Aside from the long-standing calls for a recession to hit the U.S., the expectation for a hiring retreat is probably the most oft-heard — and, so far, incorrect — economic call of at least...
Construction workers at a project in the Upper East Side neighborhood of Manhattan, NY on Oct. 6th, 2023. Adam Jeffery | CNBCThe cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the Labor Department reported Thursday.Unit labor costs, a measure of...
A "Now Hiring" sign at a CVS pharmacy in San Francisco, California, US, on Tuesday, July 18, 2023. CVS Health Corp. is scheduled to release earnings figures on August 2.Bloomberg | Bloomberg | Getty ImagesPrivate sector payroll growth increased modestly in October but missed expectations, in a potential sign...
US Federal Reserve Chairman Jerome Powell holds a press conference in Washington, DC, on September 20, 2023. Mandel Ngan | AFP | Getty ImagesThe Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything — just the way the market wants...
US Treasury Secretary Janet Yellen delivers remarks at the Treasury Department's Committee on Foreign Investment in the United States conference at the Treasury Department in Washington, DC, on September 14, 2023. Olivier Douliery | Afp | Getty ImagesThe U.S. government's borrowing needs will decline slightly in the final three months...
Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg...
Northeast Dallas in Texas is the neighborhood buyers are most interested in, according to a new report.Halbergman | Istock | Getty ImagesWhere a child grows up in the U.S. is becoming an increasingly critical component toward determining their future economic status.Research from economists at Brown University, Harvard University and...
Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday.The core personal consumption expenditures price index, which the Federal Reserve uses as a key measure of inflation, increased 0.3% for the month, in line with the Dow Jones estimate and...
An intensifying bond rout is piling pressure on the global economy and creating a "tremendously dangerous" outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday.A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on...
Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expectations. It didn't matter.Following better-than-expected results on the top and bottom lines from two of the most valuable tech companies in the world, the Nasdaq responded by dropping close...