Tag: Breaking news
Bond Market Yield Curve Returns to Normal, Easing Recession Fears
The relationship between the 10-year and 2-year Treasury yield briefly normalized on Wednesday, reversing a classic recession indicator. Economic news showed a sharp decline in job openings, and dovish remarks
DetailPrivate Payrolls in August Increase by Only 99,000, Missing Estimates, ADP Reports
Private sector payrolls saw the slowest growth in over three and a half years in August, with ADP reporting that companies added just 99,000 workers during the month. This figure
DetailTop Biotech Stocks: BA, ORCL, MRNA and More for Investment Opportunities
Boeing’s stock dropped 4% as factory workers went on strike, impacting the production of various aircraft models. Oracle saw a 6% increase in shares after raising its revenue forecast for
DetailAugust 2024 Jobs Report: Latest Updates and Analysis
The U.S. economy added slightly fewer jobs than anticipated in August, signaling a slowdown in the labor market and potentially paving the way for the Federal Reserve to reduce Interest
DetailWholesale Prices Increase by 0.2% as Expected
Wholesale prices increased in August, aligning with expectations, marking the final Inflation data point ahead of the Federal Reserve’s anticipated interest rate cut. The producer price index (PPI), a gauge
DetailCPI Inflation Report for August 2024: Key Updates and Analysis
Inflation in August reached its lowest level since February 2021, as reported by the Labor Department on Wednesday. The consumer price index rose by 0.2% for the month, aligning with
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