Economy

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

liberal

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%

13 days ago

economy

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

liberal

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.

13 days ago

economy

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

liberal

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.

13 days ago

economy

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

liberal

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.

13 days ago

economy

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

liberal

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.

13 days ago

economy

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

liberal

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.

13 days ago

economy

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

conservative

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.

13 days ago

economy

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

liberal

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

13 days ago

economy

Treasury yields drop after surprise jobs loss in July

liberal

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.

13 days ago

economy

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

liberal

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.

13 days ago

economy

Wildfire costs are surging

liberal

Wildfire costs are surging

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

13 days ago

economy

More kids ditching their phones to find summer jobs

liberal

More kids ditching their phones to find summer jobs

Meet the children leaving their devices behind this summer to flex their entrepreneurial muscles with summer jobs.

13 days ago

economy