Economy

Odds the Fed will hike in September tumble following big July jobs miss

A weaker labor market would weaken the case for raising rates, which some members of the central bank have called for amid higher energy prices.

US Unexpectedly Lost 23,000 Jobs in July as Slump in Growth Continues

Estimates for previous two months were revised down sharply but unemployment rate held steady at 4.1%

Jim Cramer's top 10 things to watch in the stock market Friday

The July jobs was a big miss, and shares of Atlassian are rising after a strong quarter.

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

Home sellers in many of the largest U.S. cities are accepting offers below asking as higher mortgage rates squeeze buyers' budgets.

Private equity is circling budget airlines after Apollo's EasyJet deal

Private equity investors could target more undervalued airlines following Apollo's swoop for EasyJet.

U.S. economy unexpectedly lost 23,000 jobs in July

Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate would hold steady at 4.2%, according to the Dow Jones consensus.

JPMorgan upgrades Etsy, sees turnaround story taking stock another 20% higher

Etsy reported strong sales growth during its second-quarter earnings report this week, which could give its stock more room to run, per JPMorgan.

Why tariffs can’t hide a $77 billion reality check

In May, the U.S. goods and services trade deficit widened sharply to $77.6 billion. This represents a staggering 42.2% jump in just a single month. To put that in perspective, the trade gap is now significantly higher than the $70.1 billion monthly average seen during the Biden administration.

Trump orders new 15% tariff on key material for solar panels and microchips

Move to raise levy on goods made with polysilicon aims to protect domestic US supply chains from China, the major producer

Treasury yields drop after surprise jobs loss in July

The U.S. unexpectedly lost 23,000 jobs in July, raising fresh concerns about the labor market while dimming the immediate outlook for higher Fed interest rates.

Volkswagen Controlling Families Call for Faster Overhaul to Fend Off Chinese Rivals

Volkswagen's top investor on Friday called on the auto giant to take immediate action to fend off intensifying competition from Chinese car brands.

Wildfire costs are surging

Insurers warn that Europe is facing a "protection gap" in wildfire cover as disaster recovery costs outpace insurance coverage.