Aug 2, 2024 | Markets
Nonfarm payrolls rose 114,000 in July, below most estimates Traders start to price in more aggressive Fed cut in September US hiring slowed markedly in July and the unemployment rate rose to an almost three-year high, raising recession concerns and putting the Federal...
Aug 2, 2024 | Markets
Revolve shares plunge 80% since 2021 as pandemic glow fades New Aspen store shows need to mix brick-and-mortar and online Revolve Group Inc., a popular fashion hub among young influencer-obsessed shoppers during the pandemic, is seeing its shares tumble as sales dry...
Aug 2, 2024 | Markets
Financials helped Japanese stocks hit new record last month Selling pressure in bank stock may be short lived: analysts Banking stocks, which have been driving the rally in Japanese equities, suffered the biggest drop since October 2008, as investors moved to take...
Aug 1, 2024 | Markets
The share of US small businesses raising compensation dropped in July to the smallest in more than three years, adding to evidence that inflationary pressures stemming from the job market are diminishing. A net 33% of firms said they boosted pay last month, down 5...
Jul 31, 2024 | Markets
Firms added 122,000 jobs in July, lowest since January Pay increases slowed to the smallest pace since 2021 US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. Private...
