A general view of the Eiffel Tower with the Olympics rings pictured with national flags of competing countries from the Place du Trocadero ahead of Paris 2024 Olympic Games on July 21, 2024 in Paris, France.Kevin Voigt | Getty Images Sport | Getty ImagesThe Olympic Games are causing...
Jeremy SiegelScott Mlyn | CNBC Wharton School Professor Jeremy Siegel no longer thinks it's vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively.Siegel caused a stir Monday when he told CNBC that Fed Chair Jerome Powell and...
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesRepublican presidential nominee Donald Trump on Thursday said that he should have a voice when the Federal Reserve makes its decisions on...
JPMorgan upped the likelihood it sees for the U.S. economy entering a recession this year, the latest sign of concern around the country's financial health following the market turbulence this week. The bank raised its probability for a U.S. or global recession to 35% by year end, chief global...
Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening.First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week's upwardly revised level and lower than the Dow...
Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company's chief executive said Wednesday."We've seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions...
A lifeguard works at the beach at Coney Island on June 15, 2023 in the Brooklyn borough of New York City.Spencer Platt | Getty ImagesDailey Jogan was pleased to learn she would get $15 an hour and a handful of perks as the head swim coach for a metro...
A sign for a health-care career fair at Cape Fear Community College in Wilmington, North Carolina, on Feb. 28, 2023.Allison Joyce | Bloomberg | Getty ImagesThe unemployment rate fell for Asian Americans from June to July, bucking a broader trend, according to data released Friday by the U.S. Bureau...
People walk through a Manhattan mall on July 05, 2024 in New York City.Spencer Platt | Getty Images News | Getty ImagesHiring in the U.S. slowed significantly last month, with information and financial sectors registering job losses.The information services sector was a notable weak spot for July, posting a...
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday.Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in June and below the Dow Jones estimate for 185,000. The unemployment...