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August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
Nonfarm payrolls were expected to expand by 161,000 in August while the unemployment rate fell to 4.2%.
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Coinbase has worst week of the year as crypto stocks plummet
Concerns about the U.S. economy led to a broad market slide this week, with crypto-related assets seeing some of the steepest drops.
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Here’s where the jobs are for August 2024 — in one chart
Health care and hospitality were key drivers for a job market that has cooled off in recent months.
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The latest jobs report leaves stocks in a tough spot heading into the new week
Investors are bracing for further volatility ahead.
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Dell and Palantir to join S&P 500; shares of both jump
In the quarterly rebalancing of the S&P 500, tech companies Dell and Palantir were added to the benchmark index.
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Rachel Reeves faces Whitehall revolt over spending cuts
Departments set to reject chancellor’s demands as ‘just not possible’ and ask for more money instead
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Biden’s national security staff have been working on a sovereign wealth fund for months
The sovereign wealth fund would allow the US to invest in national security interests including technology, energy, and critical links in the supply chain.
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Palantir and Dell surge as they join S&P 500 in latest index reshuffle
American Airlines Group Inc., Etsy Inc. and Bio-Rad Laboratories Inc. are being replaced on the index.