Breaking News: Economy
European Central Bank heads for last rate cut of year — but jumbo move seems off the table
The European Central Bank is heading for its final interest rate cut of the year on Thursday — and while the institution is expected to stick to a quarter rather than half-percentage-point trim, economists forecast that a faster pace of monetary loosening lies ahead. It will still be a crucial meeting to set guidance for […]
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If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says
Your Money If Trump adds tariffs, ‘either way, there is a cost to consumers,’ economist says Published Tue, Dec 10 20243:45 PM ESTUpdated 3 Hours Ago Greg Iacurci@GregIacurci WATCH LIVE Source
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Watch live: Biden gives remarks on his economic legacy
[The stream is slated to start at 12:15 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is set to deliver remarks about his decisionmaking on the U.S. economy during his four years in office. The Democratic incumbent will appear at the Brookings Institution […]
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‘Low-hire, low-fire’: The U.S. job market is stagnant right now, economists say
Key Points The U.S. job market is seeing a low rate of layoffs but also a slow pace of hiring among employers. That comes amid signs of labor market strength overall: Unemployment is historically low, for example. This means while employers are holding on to workers, job seekers are having a tough time. Source
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Stocks making the biggest moves midday: Hershey, Nvidia, Alibaba, Omnicom and more
Check out the companies making headlines in midday trading: Hershey , Mondelez International — Hershey shares jumped roughly 13% after Bloomberg News reported that Cadbury and Oreo maker Mondelez is again trying to buy the chocolate company. News of the attempted takeover put Hershey shares on pace for their best day since June 2016, when Hershey […]
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Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate […]
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Stocks making the biggest moves premarket: Lululemon, Docusign, Petco, Ulta Beauty and more
Check out the companies making headlines before the bell. Lululemon – Shares popped 9% after the athletic apparel retailer topped Wall Street’s estimates for the fiscal third quarter and shared in-line holiday guidance. Samsara – The stock moved more than 9% lower after the software company reported lukewarm guidance for the fourth quarter. For the […]
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Stocks making the biggest moves after hours: Ulta Beauty, GitLab, Lululemon, DocuSign and more
Check out the companies making headlines in after-hours trading. Ulta Beauty – The beauty retailer jumped 12% after posting beats on the top and bottom lines in the fiscal third quarter. Ulta reported earnings of $5.14 per share on revenue of $2.53 billion. That topped analysts’ forecast for earnings of $4.54 per share and revenue […]
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Stocks making the biggest moves midday: American Eagle Outfitters, American Airlines, Verint Systems and more
Check out the companies making headlines in midday trading. American Eagle Outfitters – The stock fell 14% after the apparel retailer missed revenue expectations for the third quarter and provided weak holiday guidance. The company anticipates that comparable sales will rise 1% and total sales will decline 4%. Analysts were expecting comparable sales growth of […]
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American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines planes sit parked at LaGuardia Airport in New York City, Nov. 27, 2024. Shannon Stapleton | Reuters American Airlines has completed a long-awaited credit card deal with Citigroup, dropping its other partner, Barclays. The airline said Thursday that it expects payments it receives from its co-branded credit card and other partners to grow 10% a year. In the […]
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