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Data from ADP and the Atlanta Fed shows wage growth for job switchers is accelerating, with gross pay jumping 7.3% compared to 4.4% for job stayers. Despite increasing pay premiums and worker confide…
BLS revised June JOLTS data sharply downward, reducing job openings by 177,000 alongside lower hiring and increased layoffs. With persistent revisions signaling softening employment while inflation p…
U.S. stocks fell as August payrolls tripled expectations, pushing Treasury yields near 52-week highs and raising Fed rate-hike odds to 60%. The S&P 500 dropped 0.38% as a resilient labor market fuele…
U.S. stocks fell as August nonfarm payrolls surged by 162,000, tripling expectations. The robust labor market and 4.1% unemployment rate lifted expectations for Federal Reserve interest rate hikes to…
U.S. nonfarm payrolls surged by 162,000 in August, topping expectations and reigniting Federal Reserve rate-hike bets. The strong labor print boosted the dollar while pressuring equities and precious…
U.S. nonfarm payrolls surged by 162,000 in August, beating forecasts of 53,000, while unemployment held at 4.1%. The robust data lifted Treasury yields and increased expectations of Federal Reserve r…
US stock futures traded flat Friday ahead of the August nonfarm payrolls report. Major indexes rallied on Thursday, boosted by falling Treasury yields and dovish remarks from Fed Governor Waller. Ind…
Dallas Fed research indicates generative AI is actively displacing white-collar workers across legal, medical, and coding sectors. While long-term projections warn of significant labor market disrupt…
Gold stabilized near $4,330 per ounce as weaker-than-expected US private jobs data cooled Federal Reserve rate hike expectations. Escalating military conflict between the US and Iran further underpin…
US private sector hiring slowed in August with employers adding only 38,000 jobs against expectations of 47,000, according to ADP data. The cooling labor market reinforces expectations for Federal Re…
US layoff announcements fell significantly in July to a two-year low, while planned hiring soared to the highest July level since 2022. The labor market remains resilient, particularly in aerospace, …
The U.S. labor market unexpectedly shed 23,000 jobs in July, missing forecasts of a 95,000 gain. This significant miss signals potential economic weakness, putting downward pressure on the USD and up…
Silver prices dropped toward $72, set for a weekly loss of over 4%. A robust US jobs report—showing 172,000 new positions—bolstered expectations for a Federal Reserve rate hike, weighing heavily on n…
Gold prices dropped below $4,450 as a robust US jobs report sparked expectations of a year-end Federal Reserve rate hike. While geopolitical tensions in the Middle East persist, the strong labor data…
Bitcoin struggles to maintain momentum, trending lower for May. Analysts are closely watching the $73,000 level for a potential bullish breakout. The upcoming US labor market and ISM manufacturing da…
The Canadian dollar strengthened beyond 1.36 per USD, driven by high crude prices, Strait of Hormuz closure, and Bank of Canada's steady rates amid US labor softness and Fed easing pressure.
The US dollar climbed for the fourth straight day, buoyed by declining jobless claims and resilience in the labor market, pressuring EURUSD and GBPUSD amid ECB leadership uncertainty and cautious BoE…
Nvidia shares dipped amid AI sector uncertainty and valuation concerns, contributing to broader tech weakness as private equity firms dropped on debt issues and cautious outlooks pressured markets.
Disappointing US retail sales and large AI spending plans weigh on Google and Meta shares. Market awaits key payroll report amid hopes for Fed rate cuts, tempering near-term gains for tech giants inc…
Bitcoin recovered modestly after a sharp decline amid fears over AI spending and a weakening labor market, with the cryptocurrency stabilizing around $65,000 following its worst day since June 2022.