It may take more than a much-weaker-than-expected April jobs report to kill the stock market rally, though the popular reflation trade is seeing a modest setback.
The U.S. created just 266,000 new jobs in April even as the economy gained strength, suggesting companies might be struggling to fill open jobs even with millions of people still unemployed. The jobless rate rose to 6.1% from 6%.
Treasury Secretary Janet Yellen announced her intention to appoint Federal Reserve bank regulator, Michael Hsu, as acting comptroller of the currency Friday morning.
Minneapolis Fed President Neel Kashkari said Friday the surprisingly weak April job report was an example of how far the economy is from full employment.
The Dow turns higher early Friday after opening in negative territory and the technology-laden Nasdaq Composite rose firmly, even as the nonfarm payrolls report for April came in at a fraction of some bullish estimates, raising questions about the timing and pace of the labor-market rebound from COVID.
U.S. Treasury yields were bouncing off their lows on Friday after a jobs report came in well below expectations, drawing puzzlement from analysts who had predicted the U.S. economy would add a million new jobs in April.
Nothing quite prepares you for losing a spouse or life partner. Here’s a guide to a few legal and financial moves to take care of yourself and your loved ones.
People’s perception of how much of a risk COVID-19 poses continues to influence their decision-making even as vaccination rates improve, a new poll shows.
The executive instrumental in making Alphabet’s Google the largest global corporate buyer of renewable energy is now looking to propel the nation’s fleet vehicles — from buses to long-haul trucks to delivery vans — onto an electrical grid that will need a major update.
IAC/InterActiveCorp. topped quarterly earnings expectations Thursday, with its Vimeo business posting accelerating revenue growth amid continued demand for video software during the pandemic.