NEW YORK, March 7- Friday's stronger-than-expected payrolls report did more than ease concerns about U.S. economic fundamentals- it also seemed to justify Wall Street's record levels, suggesting the market's uptrend could continue.» Read More
Stocks shot up like a rocket in the final hour of trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
Now is a lousy time to buy stocks. But corporate bonds and preferred stock—with their high yields and relative safety—offer some of the best opportunities in years.
If you haven't seen the movie "Stripes", you're missing out. The premise is pretty simple: Bill Murray, having lost his job, decides to enlist along with his buddy Harold Ramis, hilarity ensues. It's actually not entirely dissimilar from "Ghostbusters."
Stocks turned mixed in afternoon trading, shrugging off earlier losses triggered by the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
Stocks fell sharply Friday after the biggest monthly job loss in 34 years and the highest percentage of delinquent mortgages on record.
Blacker Friday? Job losses in November were the worst since 1974, as U.S. employers cut payrolls by 533,000. Mortgage loan delinquencies and foreclosures hit record highs in the third quarter — though one economist likes falling mortgage rates. Merrill Lynch cut its oil forecast, saying a temporary downspike of $25 is even possible. But one analyst praised the oil plunge as the equivalent of a "huge tax cut."
Do you think the horrible jobs number is a signal that the worst is behind us?
Once the initial knee-jerk doom-and-gloom reaction is over, something resembling optimism will prevail in the conclusion that the worst is over for the economy.
Job losses hit 533,000 in November, the markets continue to swing like a pendulum and Congress is weighing a major restructuring of the Big Three automakers. To help viewers make sense of the current economic environment, CNBC asked the experts to share their insight.
Stocks fell sharply Friday after the biggest monthly job loss in 34 years.
The first thing you need to do is to organize the current state of your finances. The less financial pressure you feel the better your job search will progress. Calculate your monthly expenses and your available resources.
The latest overall job loss numbers showed a loss of 533,000 jobs in November and the unemployment rate climbed to 6.7%. This is the highest drop in nonfarm payrolls since 1974 and the highest unemployment rate since October 1993. The October payroll numbers were revised to a loss of 320,000. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
In this Web Extra the traders reveal how they're playing Friday's jobs report, the Big 3 bailout hearings and more!
Keep a close eye on Friday’s job report. It could have a major influence on the market action.
Stocks ended sharply lower Thursday amid anxiety over a fresh round of layoffs, dismal same-store sales numbers and the prospect of tomorrow's jobs report.
These will be decidedly unhappy holidays for hundreds of thousands of workers who won't have jobs thanks to the steep economic downturn and the financial crisis
The Big Three CEOs returned to Washington to meet with the Senate Banking Committee today, as AT&T and other companies reported job cuts. Following are today's top videos:
Lousy sales, weak earnings and more layoffs reigned over Thursday, with glum news from Nokia, Viacom, Merck, AT&T, DuPont, Credit Suisse and retailers across the board. European central banks enacted big rate cuts. And Fed Chairman Ben Bernanke urged more government efforts to stanch soaring home foreclosures. But CNBC heard from experts who say that while the news will get worse through 2009, markets will periodically rally — and one strategist sees the Dow at 12,000 in 2010.
Fed Chairman Bernanke called on the government to ramp up efforts to stem soaring home foreclosures.
Stocks opened lower Thursday amid a fresh round of layoffs and dismal same-store sales numbers, but soon turned mixed after an unexpected drop in jobless claims and better-than-expected factory-orders report.