Job growth proved better than expected in June, boosted by government hiring, as the labor market showed surprising resilience and likely took a July interest rate cut off the table. Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000 and just above the upwardly revised 144,000 in May,…
NEW YORK (AP) — U.S. stocks are climbing further into record heights on Thursday after a report showed the U.S. job market looks stronger than Wall Street expected. The S&P 500 was up 0.8% in midday trading and on track to set an all-time high for the fourth time in five days. The Dow Jones…
Check out the companies making headlines in premarket trading. Synopsys , Cadence Design Systems — Shares of the Silicon Valley chip designers rallied more than 5% and 6%, respectively. The U.S. government lifted restrictions on exporting chip-design software to China, according to announcements from companies in the industry. Datadog — The cloud monitoring provider surged…
Speaker of the House Mike Johnson, R-La., talks with the media after the House Republican Conference meeting on a plan to fund the government and avert a shutdown in the U.S. Capitol on Friday, December 20, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Republican-controlled U.S. House on Thursday advanced U.S. President…
The US president has repeatedly called on the top central banker to step down amid disagreement over interest rates. United States President Donald Trump has repeated his call for Federal Reserve Chair Jerome Powell to step down, the latest in a series of attacks that have raised concern about the independence of the US central…
The United States will place a lower-than-promised 20 percent tariff on many Vietnamese exports, President Donald Trump has said, cooling tensions with its 10th-biggest trading partner days before he could raise levies on most imports. Vietnamese goods will now face a 20 percent tariff, and any transshipments from third countries through Vietnam will face a…
President Donald Trump’s boast that the U.S. is experiencing economic “growth” at levels “never seen before” was quickly fact-checked by a damning jobs report. New data showed private sector employment fell by 33,000 jobs in June, payroll processing firm ADP announced Wednesday. Not only is this figure far below the estimated gain of 95,000 jobs…
Check out the companies making headlines in midday trading Robinhood — The brokerage stock climbed 7% as traders speculated that it could soon be added to the S & P 500. A spot in the index was opened by Hewlett Packard Enterprise’s acquisition of Juniper Networks, which officially closed Wednesday. Tesla — Shares of the…
Other carmakers including Volvo and Rivian reported a drop in sales on Wednesday. Tesla has reported another hefty drop in auto sales extending a difficult period amid intensifying electric vehicle competition and backlash over CEO Elon Musk’s political activities. On Wednesday, the electric vehicle (EV) maker reported 384,122 deliveries in the second quarter, representing a…
People visit booths set up by the City of Sunrise and their police department at the Mega JobNewsUSA South Florida Job Fair at the Amerant Bank Arena on April 30, 2025 in Sunrise, Florida. Joe Raedle | Getty Images Private sector hiring unexpectedly contracted in June, payrolls processing firm ADP said Wednesday, in a possible…