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Consumer confidence hits lowest point since April as job worries grow

The board's Consumer Confidence Index slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading in seven months.

Published: 22 hours ago

Core wholesale prices rose less than expected in September; retail sales gain

The producer price index was expected to increase 0.3% in September, according to the Dow Jones consensus estimate.

Published: 24 hours ago

Private payroll losses accelerated in the past four weeks, ADP reports

Private companies lost an average of 13,500 jobs a week over the past four weeks, ADP said Tuesday.

Published: 23 hours ago

Bessent believes there won't be a recession in 2026 but says some sectors are challenged

Treasury Secretary Scott Bessent said the U.S. was not at risk of entering a recession in 2026 and that Americans would soon benefit from Trump's policies.

Published: 3 days ago

Fed won't get key inflation data before next rate decision as BLS cancels October CPI release

The BLS said it was canceling the release of the October CPI, leaving the Fed without a key piece of inflation data before it next decides on interest rates.

Published: 5 days ago

Cleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level

Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.

Published: 6 days ago

Delayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%

Nonfarm payrolls were expected to add 50,000 in September, according to the Dow Jones consensus estimate.

Published: 6 days ago

The September jobs report is finally coming out Thursday. Here's what it is expected to show

Due at 8:30 a.m. ET, the report is forecast to show a gain of 50,000 jobs in the public and private sectors.

Published: 6 days ago

Fed minutes show divide over October rate cut and cast doubt about December

While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less creation.

Published: 7 days ago

BLS says full October jobs data won't be released, available figures to be included in next report

The Bureau of Labor Statistics said Wednesday it will not release a full U.S. jobs report for the month of October.

Published: 7 days ago

From $1 trillion spending to F-35s, U.S.-Saudi pledges aren't done deals yet

The leaders signed a defense cooperation pact and held discussions about the sale of American F-35 fighter jets to the kingdom.

Published: 1 week ago

China slow-walks U.S. soybean purchases as stockpiles hit multi-year highs, undermining Trump’s trade deal claims

China will likely "slow-roll soybean purchases to bait the Trump administration into prolonged negotiations," an analyst says.

Published: 1 week ago

September jobs report will be out Thursday as first data since shutdown starts to trickle out

The departments of Labor and Commerce had not posted revised schedules as of Friday morning, but updates are expected soon.

Published: 2 weeks ago

Trump tariffs are helping drive U.S. beef prices to new highs

President Trump's tariffs are adding to higher beef prices, along with drought and parasites in a stressed U.S. beef supply chain.

Published: 2 weeks ago

Atlanta Fed President Bostic says he'll leave position when his term expires in February

Atlanta Federal Reserve President Raphael Bostic said Wednesday he will be leaving his position when his term expires in February.

Published: 2 weeks ago

The shutdown put jobs and inflation data on hold. Here's when it could be back — and what it might say

Economic data releases — payroll and jobs reports, CPI and PPI — have lagged during the government shutdown and likely will take some time to get rolling again.

Published: 2 weeks ago

'Ghost job' postings are adding another layer of uncertainty to the stalling jobs picture

Since the beginning of 2024, job openings have outnumbered hires by more than 2.2 million a month.

Published: 2 weeks ago

Stock investors are buoying the economy. A labor market breakdown could end that

Government labor data could paint a darker economic picture, leading to a market slide that would throw cold water on the outlook of those who are well off.

Published: 2 weeks ago

Nexperia parent shares jump 6% as Beijing signals thaw in tensions with Netherlands

The dispute over ownership and control of the Dutch-based Nexperia has led global automakers to warn impacts from a shortage of chip supplies.

Published: 2 weeks ago

Consumer sentiment nears lowest level ever as worries build over shutdown

A University of Michigan sentiment survey showed a decline of 6.2% on the month and about 30% from a year ago.

Published: 3 weeks ago

Chicago Fed's Goolsbee says he's cautious about further rate cuts during shutdown

The central bank official said told CNBC that he has concerns because of the lack of inflation reports.

Published: 3 weeks ago

Job cuts in October hit highest level for the month in 22 years, Challenger says

Job cuts for October totaled 153,074, a 183% surge from September.

Published: 3 weeks ago

'We're past peak-restrictiveness,' BOE governor says, as bets rise on Christmas rate cut

The central bank was seen as more likely to hold rates than not, according to economists.

Published: 3 weeks ago

Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.

Joe Marchese, Executive Chairman at Human Ventures, describes a key conundrum facing OpenAI and other AI start-ups as they disrupt the ad tech industry.

Published: 3 weeks ago

Private payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says

Companies added 42,000 jobs for the month, following a decline of 29,000 and topping the estimate for a gain of 22,000.

Published: 3 weeks ago

Job openings in October slumped to the lowest level since February 2021, Indeed measure shows

Under normal conditions, the BLS on Tuesday would have reported its monthly Job Openings and Labor Turnover Survey.

Published: 3 weeks ago

Bessent says U.S. has 'lots' of options to use on tariffs if it loses Supreme Court case

The high court it set Wednesday to hear arguments on whether Trump exceeded his authority to enact sweeping duties on U.S. trading partners.

Published: 3 weeks ago

AI-washing and the massive layoffs hitting the economy

Amazon, Target and UPS are laying off thousands of employees, but the reasons behind the cuts go a lot deeper than AI.

Published: 3 weeks ago

Russia looks to cosy up with China after Trump’s meeting with Xi

Russian officials appeared eager to reafiirm Moscow's alliance with China following President Donald Trump's meeting with Xi Jinping last week.

Published: 3 weeks ago

Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

Impacts have been muted so far as companies built up inventories ahead of the duties and have absorbed some of the impact.

Published: 4 weeks ago