Alphabet
Wall Street ends down as US retail sales data crimps rate cut bets
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
David Stryzewski
Unpacking The December Jobs Report: Beneath The Surface, Reasons To Question The Optimism
The monthly jobs report for December, released today, reveals that U.S. employers added 216,000 jobs last month, surpassing expectations of 170,000.
ambulatory health care services
US job growth accelerates in December; wage gains solid
U.S. employers hired more workers than expected in December while raising wages at a solid clip.
Advancers
Wall St kicks off 2024 on a dull note as yields rise, Apple dips
U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.
Airline industry
US scrutinizing airline frequent flyer programs
The U.S. Transportation Department is scrutinizing the frequent flyer programs of major U.S. airlines for potential deceptive or unfair practices.
Alphabet
Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Building permits
US single-family housing starts jump to more than 1-1/2-year high
Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.
Capitol Hill
Federal Reserve Leaves Interest Rates Unchanged, Indicates 3 Cuts Coming Next Year
The Federal Reserve kept interest rate predictions the same on Wednesday for the third time in a row, which could point to signs that inflation could possibly begin to slow down.
Average Hourly Earnings
US labor market shows strength amid surge in payrolls gains
U.S. job growth accelerated in November while the unemployment rate fell to 3.7%.
Adrian Gray
Market bets for 2024 thrown into chaos by US recession conundrum
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.