The global market volatility of the past month that sent U.S. stocks to their worst quarter in four years shows no signs of letting up just because the calendar turned to October. Investors say they are bracing for another leg down in the S&P 500 stock index despite its positive showing last week by increasing cash and other defensive positions in their portfolios. “Do I think we go into a
The weak U.S. September jobs report published Friday is another sign that Federal Reserve policy may be uncomfortably tethered to the strength of the global economy, as a year long swoon in exports helped wipe out manufacturing jobs and slow employment growth. As it tries to engineer the first U.S. interest rate increase in nearly a decade, the Fed wants economic growth to stay even marginally above what is viewed
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U.S. stocks traded lower Friday as Wall Street digested a weaker-than-expected jobs report.
U.S. employers slammed the brakes on hiring over the last two months and wages fell in September, raising new doubts the economy is strong enough for the Federal Reserve to raise interest rates by the end of this year. Payrolls outside of farming rose by 142,000 last month and August figures were revised sharply lower to show only 136,000 jobs added that month, the Labor Department said on Friday. “You
After VCs fueled a boom in startups worth more than $1 billion, software developers are setting a target of their own to go work for the so-called unicorns.
Wal-Mart has laid off 450 workers at its headquarters as the world’s largest retailer attempts to become more nimble to compete with the likes of Amazon.com. There are about 18,000 people who work at the …
Orders to U.S. factories fell in August by the largest amount in eight months, led by a drop in demand for commercial airplanes and weakness in a key category that tracks business investment spending. …
More than a decade ago, the U.S. Environmental Protection Agency helped develop a technology that ultimately was used by an independent laboratory to catch Volkswagen’s elaborate cheating on car emissions …
Experian Plc, the world’s biggest consumer credit monitoring firm, on Thursday disclosed a massive data breach that exposed sensitive personal data of some 15 million people who applied for service with T-Mobile US Inc. Connecticut’s attorney general said he will launch an investigation into the breach. Experian said it discovered the theft of the T-Mobile customer data from one of its servers on Sept. 15.
