By Caroline Valetkevitch NEW YORK (Reuters) -Gold prices declined again on Wednesday, a day after spot gold had its sharpest single-day drop in over five years, while major stock indexes mostly eased with Netflix shares down after the company’s outlook disappointed. Gold, one of the year’s best-performing trades, slid as investors booked profits. It remains…
Goldman Sachs’ Jan Hatzius warned that U.S. GDP estimates showing 3.8% growth in Q2 and 3.3% in Q3 may be overstated, due to missing data from the government shutdown and weakening labor trends. He pointed to falling employment indicators and survey data signaling stagnation, arguing job market weakness offers a more accurate gauge of current…
US stock futures were steady Sunday night as Wall Street balanced high hopes for a packed week featuring high-profile earnings against fresh inflation data, all happening alongside the continuing government shutdown. Futures attached to the Dow Jones Industrial Average futures (YM=F), the S&P 500 (ES=F), and Nasdaq 100 (NQ=F) all hovered between 0.1% and 0.2%…
The stock market will enter the third week of the government shutdown after a five-day run of market volatility shaped by US-China trade relations. At the closing bell on Friday, the S&P 500 (^GSPC), tech-heavy Nasdaq Composite (^IXIC), and Dow Jones Industrial Average (^DJI) all managed to eke out wins to cap a volatile week…
The Trump administration’s threat of mass layoffs in response to the ongoing government shutdown received another blow on Friday when a federal judge ruled a temporary restraining order she imposed earlier this week barring firings applies to additional federal workers. Newsweek contacted the Department of Justice and the White House for comment on Saturday via…
Trump threatens more targeted cuts as Congress remains at stalemate over funding – CBS News Watch CBS News The Senate failed on Tuesday for an eighth time to pass a bill to fund the government. With Congress at a standstill, President Trump is threatening more targeted cuts. Source link
US stock futures rose on Wednesday amid hopes for interest-rate cuts, with more Wall Street banks set to lead out the next wave of reports in a promising start to earnings season. Dow Jones Industrial Average futures (YM=F) moved up roughly 0.4%, following a rocky session on Tuesday for markets. Meanwhile, contracts on the S&P…
WASHINGTON (AP) — The ongoing government shutdown is delaying the announcement of the annual Social Security cost-of-living adjustment for tens of millions of beneficiaries. Originally scheduled for Wednesday, the 2024 Social Security COLA announcement will now be Oct. 24. It is timed to the September Consumer Price Index, which also has not yet been released….
By David Shepardson and Doyinsola Oladipo ARLINGTON, Virginia/NEWARK (Reuters) -More than 13,000 U.S. air traffic controllers face rising stress and financial insecurity after Tuesday’s disbursement of what will be their last paycheck during the government shutdown, posing potential risks for air travel, the head of an employee union said. Transportation Secretary Sean Duffy said last…
Multiple airports across the country are denying a request from the Department of Homeland Security to play a video that blames Democrats for the ongoing government shutdown. The shutdown began on Oct. 1 with Democrats and Republicans in a stalemate over how to reopen the government. Democrats have demanded an extension of expiring health insurance…