Economists expected nonfarm payroll growth to hit 233,000 in July, down from 288,000 in June, and unemployment to fall to 6.0 percent from 6.1 percent.» Read More
July's employment report is expected to be strong—good news for the economy, but possibly bad news for markets.
The average price of gas posted the largest July decline in six years, according to the latest survey by AAA. Here's why.
Ron Insana says he expects a near-term correction. He's out of stocks and has taken short positions.
HARTFORD, Conn.— Nearly 100,000 employers in Connecticut are about to get sticker shock as the state mails annual tax bills to pay interest on its $433 million federal loan for unemployment benefits for workers let go during the Great Recession.
When it comes to what investors think will spoil the 6-year-old bull market, most point directly to the Federal Reserve.
Enacted by the Oklahoma Legislature in 2007, the event is similar to sales tax holidays in 16 other states including Arkansas, Missouri and Texas, according to the Federation of Tax Administrators in Washington, D.C. And the Oklahoma Tax Commission reports that it saves Oklahoma shoppers millions of dollars in sales taxes each year.
As stocks spiral lower and bond yields tick higher, strategists say the dollar may finally be getting ready to flex some muscle.
*Wall St tumbles with Dow, S&P turning negative for July. NEW YORK, July 31- Doubts on whether stock markets can ride out a tightening of U.S. monetary policy dominated trade on Thursday, sending major U.S. stock indexes down more than 1 percent, while the dollar edged higher against a basket of major currencies.
The pace of business activity in the U.S. Midwest in July sank to its slowest level since June 2013, a report showed on Thursday.
GOVERNMENT REPORT FINDS FINANCIAL MARKET PARTICIPANTS BELIEVE REGULATORY REFORMS REDUCED LIKELIHOOD GOVERNMENT WOULD BAIL OUT BIGGEST U.S.
Silicon Valley is "alive and well," but the level of prosperity depends on the tech sector, Oracle Chairman Jeffrey Henley tells CNBC.
An outflow of deposits would reverse a five-year trend of large amounts of cash pouring into banks thanks to the Fed, the FT reports.
U.S. labor costs rose more than 5-1/2 years in the second quarter, a sign that a long-awaited acceleration in wage growth was imminent.
U.S. employers planned to cut nearly 50,000 positions in July, Challenger, Gray & Christmas reported Thursday, 50 percent higher than in June.
The Metropolitan Opera plays hardball with unions, vowing a lockout without union concessions before a midnight Thursday deadline.
MADISON, Wis.— The Wisconsin Supreme Court on Thursday upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led to Republican Gov.
NEW YORK— For stock investors, the red flags were everywhere on Thursday. Whole Foods Market and Exxon Mobil sparked the selling after their quarterly results late Wednesday disappointed investors. Yum Brands, the owner of KFC and Pizza Hut, slumped after it said that its earnings would be crimped by a food safety scandal in China that involved repacked meat.
Ahead of Friday's U.S. nonfarm payrolls, Selena Ling, Head, Treasury Research & Strategy at OCBC Bank, gives her estimates for the number of jobs that the U.S. added to its economy in June.
BUENOS AIRES, Argentina— Stocks fell sharply in Argentina on Thursday as the country defaulted on its bills for the second time in 13 years, raising fears the move could diminish foreign reserves, stoke inflation and drive the economy deeper into recession.
Argentina failed to strike a deal to avert its second default in over 12 years after talks with holdout creditors ended without a settlement.
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