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U.S. payrolls rose 50,000 in December, less than expected; unemployment rate falls to 4.4%
A “Now Hiring” sign at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Friday, Oct. 24, 2025. Allison Joyce | Bloomberg | Getty Images The U.S. labor market ended 2025 on a soft note, with job creation in December less than expected, according to a report Friday from the […]
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Trump says he’s cancelled second wave of attacks on Venezuela
US President Donald Trump speaks during the House Republican Party (GOP) member retreat at the Kennedy Center in Washington, DC, on January 6, 2026. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump has said he has canceled a fresh military attack on Venezuela, saying the two countries “are working well together,” on […]
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Treasury Secretary Bessent says more Fed rate cuts are ‘only ingredient missing’ for stronger economy
U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. […]
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Private payrolls rose 41,000 in December, slightly below expectations, ADP says
A “Join Our Team” flyer at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Wednesday, Oct. 1, 2025. Allison Joyce | Bloomberg | Getty Images Private sector job creation turned positive in December though at a bit softer pace than expected, payrolls processing firm ADP reported Wednesday. Companies added […]
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Elon Musk’s xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity
Elon Musk attends the U.S.-Saudi Investment Forum in Washington, D.C., U.S., November 19, 2025. Evelyn Hockstein | Reuters Elon Musk’s xAI said it raised $20 billion in a funding round, exceeding its prior target of $15 billion. CNBC reported in November that a financing would value the artificial intelligence startup at about $230 billion. Investors […]
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Minneapolis Fed’s Kashkari indicates interest rates don’t need to be cut much more
Key Points Minneapolis Fed President Neel Kashkari told CNBC on Monday that he thinks the central bank is close to the point where it should stop lowering interest rates. “My guess is we’re pretty close to neutral right now,” Kashkari said. Calibrating neutral is critical for Fed policymakers as they decide whether to continue the […]
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Fed minutes show officials were in tight split over December rate cut
WASHINGTON – The Federal Reserve on Tuesday released minutes from its highly divisive meeting earlier this month, which concluded with a vote to lower interest rates again that appeared to be an even closer call than the final vote indicated. Officials expressed a variety of opinions during the Dec. 9-10 meeting, according to the summary […]
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Payrolls rose by 64,000 in November after falling by 105,000 in October, delayed jobs numbers show
A “Help Wanted” sign hangs in a restaurant window in Medford, Massachusetts, Jan. 25, 2023. Brian Snyder | Reuters Nonfarm payrolls grew slightly more than expected in November but slumped in October while unemployment hit its highest in four years, the Bureau of Labor Statistics reported Tuesday in numbers delayed by the government shutdown. Job […]
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Fed’s Goolsbee explains vote against rate cut, says central bank should have waited
Austan Goolsbee, President and CEO of the Federal Reserve Bank of Chicago, speaks to the Economic Club of New York in New York City, U.S., April 10, 2025. Brendan McDermid | Reuters Chicago Federal Reserve President Austan Goolsbee on Friday explained why he voted against this week’s interest rate cut, saying policymakers should have waited […]
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Fed votes to reappoint all of its regional bank presidents
Key Points The Federal Reserve on Thursday reappointed 11 of its 12 regional bank presidents, ending a mini-drama at the central bank in a move that came a bit earlier than usual. There had been some speculation about whether President Donald Trump, a fierce Fed critic, would seek to exert more control over the rate-setting […]
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