category: Econ #s – Page 2 – Charm

Wall Street Marks New Highs As Bank Stocks Rally, Tesla Tumbles As Robotaxi Disappoints: What’s Driving Markets Friday? – Affirm Holdings (NASDAQ:AFRM)

Cs news10 months ago10 months ago05 mins

Friday’s trading session saw another robust rally on Wall Street, with the S&P 500 and Dow Jones Industrial Average both reaching new record highs, fueled by better-than-expected third-quarter earnings from major U.S. banks. The S&P 500 surged past 5,800 points, while the Dow Jones Industrial Average climbed above 42,800. Leading the charge were top U.S….

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Cs news10 months ago07 mins

After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…

Jobs Report In Focus: Will Slower Growth Push The Fed Toward November Interest Rate Cut?

Cs news10 months ago10 months ago05 mins

With Friday’s nonfarm payroll report on the horizon, the labor market is expected to show a modest increase of 140,000 jobs, slightly down from August’s 142,000. Wednesday’s ADP National Employment Report for September signaled some resilience. The private sector added 143,000 jobs, up from 99,000 in August, bolstered by gains in goods-producing industries like construction…