SAN JUAN, Puerto Rico— Puerto Rico's unemployment rate has dropped slightly as the U.S. territory struggles to emerge from a nearly decade-long economic slump. The U.S. Bureau of Labor Statistics says the unemployment rate was 14 percent in October, compared to 14.1 percent in September. In October of last year, the rate was 14.9 percent.» Read More
The weakening dollar has been one of the catalysts driving stocks and other risk assets higher, and it is a main focus of traders this week as they sort through a deluge of corporate earnings news and watch the dollar shrink to a 14-month low.
Responding to criticism that the Obama administration's $787 billion in stimulus spending hasn't done enough to boost employment, House Speaker Nancy Pelosi said the economy would be in much worse shape without it.
Fewer states reported unemployment-rate increases in September than the previous four months, signaling a turning point may be near, according to a government report Wednesday.
Stocks could trade a bit choppy Wednesday, as investors react to a tidal wave of earnings news and watch fluctuations in the dollar and other risk assets.
About half the Dow 30 and a quarter of the S&P 500 report next week, and analysts expect the majority of those companies—from a broad range of industries—to continue beating expectations.
Earnings reports from General Electric and Bank of America are the big numbers for markets Friday, and they matter nearly as much in the foreign exchange and Treasury markets as they do in the stock market.
Stocks opened lower on Thursday after the Dow closed above 10,000 on Wednesday for the first time since last October. Art Cashin, director of floor operations at UBS Financial Services, said the 10,000 number is not that significant and offered his market outlook.
The Dow crossed the 10,000 level and all of sudden the bears grew quieter.
Intel's earnings beat should help stocks Wednesday but focus will quickly shift to J.P. Morgan's report, ahead of the opening bell.
The positive side of the weak greenback story should show up this week, as a parade of multinationals report earnings.
“We are not a speculative group of people. Instead [New Englanders] tend to be very conservative and don’t get into as much speculative behavior. That’s why prices didn’t drop as much."
The growing inventory of distressed homes on the market may be sending shock waves through the economy, but it’s also giving investors a wider window of opportunity. Here's some dos and don'ts.
Turnover among CEOs dropped 25 percent in September as compared to the same month a year prior, according to a report by Challenger, Gray & Christmas outplacement company.
High unemployment and a lack of stimulus for private demand by countries like Japan and Germany could slow down the world recovery, famous bear Nouriel Roubini, chairman of RGE Monitor, told CNBC Monday.
Uneven economic news is spooking stocks this October, but third quarter earnings could be one factor that helps keep the market's 7-month rally intact.
The latest overall job loss numbers showed a loss of 263,000 jobs in September and the unemployment rate rose to 9.8%, the fewest losses since August last year but highest unemployment rate since mid-1983. The August and July numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Reform of rating agencies is badly needed as there is a culture of carelessness towards the law which needs challenging, Eric Kolchinsky, a former analyst at Moody's who has accused the agency of issuing inflated ratings, told CNBC Friday.
The possibility of a double-dip recession is still there although it is not the main scenario envisaged by the International Monetary Fund and governments should not rush to exit economic stimulus packages, IMF Managing Director Dominique Strauss-Kahn told CNBC Friday.
Stocks have fallen in anticipation of Friday's US nonfarm payrolls report, breaking their long rally as fears that consumers will not be able to rebound came back in October, and one analyst said a selloff is likely if the figure is more than 200,000.
Wall Street's bears have the upper hand ahead of Friday's September jobs report, expected to show a decline in September of about 200,000 non-farm payrolls and an unemployment rate of 9.8 percent.