News
US employers added a surprisingly strong 178,000 jobs last month, rebounding from a weak February
10+ hour, 6+ min ago (702+ words) The Labor Department reported Friday that hiring marked a turnaround from the loss of 133,000 jobs in February. The job gains were about three times what economists had forecast. But uncertainty surrounding the war with Iran " and its impact on energy…...
US stocks rebound after strong economic updates and an easing of oil prices
4+ week, 2+ day ago (762+ words) The S&P 500 rose 0.8% in afternoon trading and is on track to claw back most of its loss since the war with Iran began. The Dow Jones Industrial Average was up 256 points, or 0.5%, as of 1:18 p.m. Eastern time, and the Nasdaq…...
US says price increases eased last month but data may be distorted and Americans aren’t feeling it
3+ mon, 2+ week ago (637+ words) But economists quickly warned that that last month's numbers were suspect because they'd been delayed and likely distorted by the 43-day federal shutdown. And most Americans have not felt any let up in the high prices they are paying for…...
The US economy added 119,000 jobs in September, but unemployment rose to a nearly four-year high - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
4+ mon, 1+ week ago (276+ words) (CNN) "A long-awaited jobs report offered a mixed picture of the US labor market. The economy added 119,000 jobs in September, an unexpected rebound for the labor market " but it comes as the overall economy shows signs of slowing. Economists were…...
South Floridians fill shopping carts with Black Friday deals - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
4+ mon, 6+ day ago (361+ words) MIAMI GARDENS, FLA. (WSVN) - People across South Florida wrapped up their Thanksgiving feasts and jumped in line to hunt for major Black Friday deals in stores. "We're stealing deals, let's get it," said Kevin Bowe, a Black Friday shopper. Hundreds…...
Credit scores drop at fastest pace since the Great Recession - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
6+ mon, 2+ week ago (975+ words) New York (CNN) "Credit scores are falling at the fastest pace since the Great Recession as Americans struggle to keep up with the high cost of living and the return of student debt payments. The national average FICO score dropped…...
Hiring stalls with US companies reluctant to expand in an uncertain economic landscape - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
6+ mon, 4+ week ago (1152+ words) Uncertain about where things are headed, companies have grown increasingly reluctant to hire, leaving agonized jobseekers unable to find work and weighing on consumers who account for 70% of all U.S. economic activity. Their spending has been the engine behind the world's…...
Powell signals Fed may cut rates soon even as inflation risks remain - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
7+ mon, 1+ week ago (1036+ words) In a high-profile speech closely watched at the White House and on Wall Street, Powell said that there are risks of both rising unemployment and stubbornly higher inflation. Yet he suggested that with hiring sluggish, the job market could weaken…...
South Florida-based Spirit Airlines seeks second bankruptcy in months - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
7+ mon, 5+ day ago (343+ words) (CNN) " U.S. no-frills pioneer Spirit Airlines filed for fresh Chapter 11 bankruptcy protection on Friday, as dwindling cash and mounting losses derailed its turnaround efforts since emerging from a previous Chapter 11 reorganization in March. The carrier, recognizable by its bright yellow jets,…...
Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3% - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
9+ mon, 3+ week ago (320+ words) Citing "a substantial rise in trade barriers" but without mentioning Trump by name, the 189-country lender predicted that the U.S. economy " the worlds largest " would grow half as fast (1.4%) this year as it did in 2024 (2.8%). That marked a downgrade from the…...