Stock Markets: Fewer jobs, higher stocks
A “Now Hiring” sign at an Advance Auto Parts store in San Leandro, California, US, on Tuesday, Aug. 15, 2023. David Paul Morris | Bloomberg | Getty Images This report …
Interest Rates
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come. While acknowledging that …
Jackson Hole anxiety overshadows Nvidia
Jerome Powell, Chair of the Federal Reserve, arrives to a dinner at the start of the Jackson Hole Economic Symposium on August 24, 2023 at Grand Teton National Park near …
Powell Jackson Hole speech could see a shift from the past
Federal Reserve Chairman Jerome Powell testifies before the House Committee on Financial Services June 21, 2023 in Washington, DC. Powell testified on the Federal Reserve’s Semi-Annual Monetary Policy Report during …
Jackson Hole fears overshadow Nvidia
Jerome Powell, chairman of the U.S. Federal Reserve, right, walks the grounds at the Jackson Hole economic symposium in Moran, Wyoming, US, on Thursday, Aug. 24, 2023. David Paul Morris …
investors await Fed speaker comments, economic data
U.S. Treasury yields climbed on Monday as investors remain concerned that interest rates could remain higher for longer than expected. The yield on the 10-year Treasury was up by more …
Jim Cramer on how to navigate the August pullback in equities markets
It sure didn’t take long to forget the halcyon days of early summer, did it? We came into August with a full head of steam – and then we found …
National unemployment rate hangs on at 3.5 per cent, fuelling fears Reserve Bank will keep hiking interest rates
The resilience of the jobs market continues to beat expectations and keep pressure on the Reserve Bank to lift interest rates even further. The official labour force data showed the …
Why Americans are struggling with car loans
There are more than 275 million cars on the road in the U.S. But in recent years, car ownership has gotten more expensive than ever — due to the Covid-19 …
Treasury yields are putting pressure on stocks
Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s …