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Investing.com -- BlackRock Inc.'s Jeff Rosenberg said Friday that the strong August jobs report puts focus on next week's consumer price index data as Federal Reserve policymakers weigh a potential interest rate increase.
Micron Technology Inc. (NASDAQ:MU) and SanDisk Corp. (NASDAQ:SNDK) jumped Friday even as a surprisingly strong jobs report sent Treasury yields higher and revived the case for a Federal Reserve rate hike. Micron rose 5% and SanDisk 8% in early trading,...
President Donald Trump reacted Friday to the hotter-than-expected August nonfarm payrolls report by threatening to halt trade with countries running trade surpluses with the U.S., unless the Federal Reserve lowers interest rates. The U.S. economy added 162,000 jobs in August, nearly triple the consensus of 56,000, and July’s reported loss of 23,000 was revised to a gain of 21,000. Food services and local government education accounted for about 62% of the total headline gain. “Great jobs number
On this episode of Stock Movers: - Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations. - Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk's effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards. - Robinhood (HOOD) is down as AMC Entertainment boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain's shares.
The Department of Justice (DOJ) has extended the federal government’s scrutiny of rising beef prices to the retail level of the food supply chain. The retailers now under investigation include Kroger, Publix, Walmart Inc., Albertsons, Aldi, Ahold Delhaize, Costco Wholesale...
LULU's Q2 EPS beat estimates as tariff refunds boost margins, but softer demand and lower sales pressure the outlook as sales trends remain challenged.
Leisure & Hospitality led the way with +62K new hires in August, and Food & Drinking Establishments added +59K positions.
Tesla launched the Cybercab without asking a single regulator for permission, and now the federal government wants to know how that was even possible. The answer sits inside a legal gray zone that could decide the future of every driverless car on American roads.
The S&P 500 Index ($SPX ) (SPY ) is down by -0.16% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.28%. E-mini S&P futures (ESU26 ) are down -0.138%, and September E-mini...
Nonfarm payrolls grew 162,000 last month, far above the 53,000 economists expected, pushing fed funds futures traders to price in a 58% chance of a hike
The surprise on payrolls will “fan the flames of the global bond market sell-off that's been underway in recent months,” wrote Robin J. Brooks, a senior fellow at the Brookings Institution on X. Inflation data for August, out next Friday, will be a bigger factor for interest rates. If inflation shows progress in cooling, the Fed could keep interest rates steady.
Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says a 25 basis-point rate hike would not be a big issue for risk assets. He speaks on "Bloomberg Surveillance."
Investing.com -- Gold mining and crypto-linked equities skidded Friday as a blowout U.S. jobs report dampened expectations for monetary easing, lifting implied odds of a Fed rate hike next week to 60% from 52%. The Labor Department reported nonfarm payrolls surged by 162,000 last month, dwarfing the consensus forecast of 55,000. While the resilient labor market signals economic strength, Fed funds futures swiftly repriced policy expectations. Traders now see a 60% probability of a rate hike at n
Here is how Citigroup (C) and Federal Agricultural Mortgage (AGM) have performed compared to their sector so far this year.
Sept 4 (Reuters) - Wall Street's main indexes were muted at the open on Friday after a stronger-than-expected jobs reading prompted investors to amplify bets the Federal Reserve could hike interest
PECO, NRIM, NDSN and LRCX raise dividends as geopolitical tensions fuel oil prices, inflation fears and market volatility.
Stocks pulled back after the August jobs report came in stronger than expected. The S&P 500 fell 0.1%. The Dow Jones Industrial Average dropped 0.2%, or 119 points. The Nasdaq Composite was flat. Meanwhile, Treasury yields rose on the release.
Jeffrey Rosenberg, portfolio manager of the systematic multi-strategy fund at BlackRock, says the August US employment report is much more about inflation and Federal Reserve monetary policy. He speaks on "Bloomberg Surveillance."
Today's jobs report showed a surprisingly large payroll gain and steady unemployment rate. Although the focus is on inflation and next week's key reports, August labor market data could be a tie-breaker influencing the outcome of the Federal Reserve's Sept. 16 policy update. S&P 500 futures slipped modestly after the jobs report.
The strongest hiring month since March, plus 55,000 in upward revisions, deeply undercuts the case for the Fed to hold in September
With the U.S. economy gaining 162,000 jobs in August and unemployment remaining on a steady course, Fed officials won't need to worry as much about labor conditions when weighing the possibility of raising interest rates later this month. If August's jobs growth had been weak again, it might have raised concerns that the economy wasn't strong enough for higher interest rates.
Treasury yields are climbing after a hotter-than-expected jobs report that analysts said increases the chances the Federal Reserve will lift short-term rates at its next meeting. The 2-year yield, which often rises and falls with traders' expectations for short-term rates set by the central bank, was recently trading around 4.
Bitcoin (COIN:BTCUSD) rose sharply on Friday, extending its recent gains as expectations for a near-term U. S.
Stocks pulled back after the August jobs report came in strong. Dow Jones Industrial Average futures fell 0.2%, or 129 points, while S&P 500 futures slipped 0.2%. Tech stocks held onto modest gains with Nasdaq 100 futures up 0.
Tariff refunds of $134.5 million added $0.86 per share to the quarter
Stock Market Today: The Dow Jones index falls Friday ahead of the August jobs report. Lululemon stock plunges 21% on earnings.
The investigation was launched just a few hours after Tesla put the first production Cybercabs on the road in Austin.
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