News
U.S. weekly jobless claims fall more than expected amid labor market stability
2+ hour, 22+ min ago (325+ words) Washington " The number of Americans filing new applications for unemployment benefits fell more than expected last week, consistent with a stabilizing labor market. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 206,0000 for the week ended February 14, the…...
Wall Street stalls as tech stocks slide after recent gains
13+ hour, 32+ min ago (85+ words) Wall Street's main indexes fell on Thursday, following a three-day winning streak for the S&P 500, as heavyweight technology stocks slipped. Wall Street's main indexes fell on Thursday, following a three-day winning streak for the S&P 500, as heavyweight technology…...
Wall Street ends higher, lifted by Nvidia and other AI stocks
1+ day, 13+ hour ago (109+ words) Wall Street ended higher on Wednesday, lifted by gains in Nvidia, Amazon and other technology-related heavyweights following recent jitters about artificial intelligence. Wall Street ended higher on Wednesday, lifted by gains in Nvidia, Amazon and other technology-related heavyweights following recent…...
Fed's Barr says central bank likely on hold for some time as it watches for easing inflation
1+ day, 22+ hour ago (529+ words) New York " Federal Reserve Governor Michael Barr said on Tuesday that another central bank interest rate cut could come somewhere well down the road amid ongoing risks to the U.S. inflation outlook. "Based on current conditions and the data in hand,…...
How Chipotle lost its sizzle
6+ day, 3+ hour ago (896+ words) Chipotle Mexican Grill, the Newport Beach, California-based chain known for its bursting burritos and'lunch bowls, just finished its worst year ever. Its same-store sales declined last year for the first time since'going public'two decades ago. The downturn reflects what analysts…...
U.S. yields drop after initial jobless claims data, 30-year auction
6+ day, 19+ hour ago (450+ words) Bond yields had jumped on Wednesday after a stronger-than-expected jobs report dented market expectations that the Federal Reserve might have the leeway to cut interest rates in the near term, with the 2-year note registering its biggest daily jump since…...
U.S. job growth accelerates in January, unemployment rate falls to 4.3%
1+ week, 1+ day ago (117+ words) U.S. job growth accelerates in January, unemployment rate falls to 4.3%The Detroit News Washington " U.S. job growth unexpectedly accelerated in January and the unemployment rate fell to 4.3%, signs of labor market stability that could give the Federal Reserve room to keep interest…...
Fed's Schmid says too soon to expect productivity to fix still-elevated inflation
1+ week, 1+ day ago (96+ words) Fed's Schmid says too soon to expect productivity to fix still-elevated inflation'The Detroit News Washington " The U.S. central bank needs to keep tight monetary policy in place for now amid continued strong economic growth, Kansas City Federal Reserve President Jeffrey Schmid…...
Honda joins rivals in warning of costly slowdown in EV growth
1+ week, 2+ day ago (110+ words) The carmaker faces a litany of challenges that "make it necessary to fundamentally reassess our strategy and rebuild our competitiveness," it said. Honda Motor Co. added to a chorus of global automakers warning of the costly fallout from slowing demand…...
Trump wants lower mortgage rates. His Fed pick may push the other way
1+ week, 2+ day ago (99+ words) Kevin Warsh's push to shrink the $6.6 trillion balance sheet could raise long-term rates, creating tension with the administration over its housing agenda. President Donald Trump has made housing affordability a centerpiece of his economic agenda, repeatedly emphasizing his desire to…...