Stock futures are surging after the Fed signaled interest rate cuts may begin as early as July.US Marketsread more
A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
While the Federal Reserve still sees no rate cut in 2019, traders are convicted a rate reduction is coming as soon as July.Marketsread more
Goldman Sachs lowered its price target on Tesla over concerns about demand.Marketsread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
In an area responsible for the shipment of one-third of the world's seaborne oil, just how high could military confrontation — or indeed, an outright war — send the price of...Oilread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
Private-sector job creation popped in December, with companies adding a better-than-expected 241,000 workers, according to payroll processor ADP.
The count topped economist estimates, according to Reuters, of 226,000 and helped continue a trend of solid aggregate job numbers.
Services led the way, adding 194,000, while goods-producing industries contributed the remaining 46,000, according to the report compiled in conjunction with Moody's Analytics. More specifically, professional and business services added 69,000 while the trade, transportation and utilities grouping was next with 44,000.
Manufacturers hired 26,000, construction came in at 26,000 and financial activities provided 16,000 for the total count.
Small businesses, with fewer than 50 employees, easily was the biggest contributor in terms of size with 106,000 new jobs, while medium (50-499 employees) had 70,000 and large firms hired 66,000.
In addition to the solid December number, November's count came up from an initially reported 208,000 to 227,000.
The ADP/Moody's report serves as a precursor to the government's monthly nonfarm payrolls count, though the two numbers often differ substantially. November's Bureau of Labor Statistics report, for instance, indicated 321,000 new hires.
Economists expect Friday's payrolls number to show 243,000 total nonfarm jobs, including a 225,000 increase to private payrolls, according to FactSet.