Traders work at the New York Stock Exchange on Aug. 29, 2025. NYSE Traders are leaving open the option the Federal Reserve next week could cut its key interest rate by half a percentage point, though most on Wall Street think the bar for doing so is pretty high. In the most likely scenario being…
We got new all-time highs for the S & P 500 (again) on hopes that the Federal Reserve will not only imminently cuts rates, but possibly even by a super-sized half point now in September. The 10-year Treasury yield dropped precipitously after the nonfarm payrolls data underwhelmed with just 22,000 new jobs versus the expectations…
Many economists say Friday’s disappointing jobs report is sending warning signals about the pace of hiring across the U.S. and the broader health of the economy. Employers added only 22,000 nonfarm jobs in August, far short of Wall Street analyst forecasts of 80,000, while the nation’s unemployment rate rose to 4.3% — the highest level since…
Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month. Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Material moves Nearly 99% of S&P 500-listed companies have reported earnings for the quarter, according to FactSet. Several key names released results after the bell yesterday, including…
(Bloomberg) — The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed. Most Read from Bloomberg Jobs reports, a key inflation reading and the Federal Reserve’s interest rate decision all hit over the next 14 trading sessions,…
LONDON — Shares of Danish pharmaceutical giant Novo Nordisk were 3% higher in early deals Monday, after the company released trial data suggesting its blockbuster drug Wegovy outperforms major rivals in heart disease risk reduction. The study found continued users of semaglutide, a weight management drug branded as Wegovy, had up to a 57% greater reduction…
Central bank independence may sound like an academic subject. But for Hong Kong, thanks to the US dollar peg, the effect of the US Federal Reserve’s independence can be very real, especially if it is being eroded. Where the US dollar lands, there goes the Hong Kong dollar. Donald Trump’s repeated criticisms of Fed chairman…
WASHINGTON (AP) — President Donald Trump’s attempt to fire a member of the Federal Reserve’s governing board has raised alarms among economists and legal experts who see it as the biggest threat to the central bank’s independence in decades. The consequences could impact most Americans’ everyday lives: Economists worry that if Trump gets what he…
US President Donald Trump speaks during a meeting with Ukrainian President Volodymyr Zelenskyy and European leaders in the East Room of the White House in Washington, DC, on August 18, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump’s effort to sack Federal Reserve Governor Lisa Cook is about more than firing someone:…