The U.S. labor market ended 2024 on a high note, with employers adding 256,000 jobs in December. This exceeded expectations and reflected confidence in economic stability. The unemployment rate dropped to 4.
As of December, overall food inflation was 2.5% year over year, according to the Bureau of Labor Statistics’ consumer price index summary. Grocery prices (described as “food-at-home”) rose 0.3% month over month in December, while dining costs (also known as “food-away-from-home”) experienced a similar hike.
Wall Street's main indexes fell on Tuesday as investors turned their attention to upcoming inflation data and quarterly earnings reports, which are expected to provide insights into the health of the U.
Wall Street's main indexes were on track to open higher on Tuesday, as investors assessed softer-than-expected producer inflation to gauge the Federal Reserve's monetary policy trajectory this year. A Labor Department report showed the producer price index rose 3.
The U.S. Department of Labor said it entered an agreement with JBS USA in which the meatpacker will provide $4 million to assist individuals and communities affected by unlawful child labor practices nationwide.
Wall Street's main indexes surged on Wednesday, with the benchmark S&P 500 at a one-week high, propelled by lower-than-expected core inflation data for December and robust quarterly earnings from the biggest U.
U.S. stocks rose modestly in choppy trade on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.S. economy. Stocks received an initial lift after a Labor Department report showed the producer price index rose less than expected in December,
The capital’s business district emptied out when Covid hit. Reviving it will be hard, even if federal workers all come back to the office five days a week. ‘It’s not like you can wave a magic wand.’
CNBC's Jim Cramer highlighted what he's paying attention to next week as Wall Street launches into earnings season.
Wall Street's main indexes closed lower on Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting.
On the winning side of Wall Street were Novo Nordisk’s U.S.-listed shares, which jumped 8.5%. The Danish company reported results from a clinical trial of a treatment for people who are overweight or obese, which could mean bigger profits in the future.
President Donald Trump is picking from his most loyal supporters as he creates his Cabinet and appoints others to key roles within his administration.