US Payrolls Marked Down a Record 911,000 in Preliminary Estimate

US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates. The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to...

Robinhood, AppLovin, Emcor to Join S&P 500 in Rebalancing

Robinhood Markets Inc. has been added to the S&P 500, marking a new phase for the retail trading platform that helped define the pandemic-era boom in individual investing. The company will join the benchmark in the latest quarterly rebalance, S&P Dow Jones...

OPEC+ Output Signals Spur Options Bets Oil Will Lurch Below $60

A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its allies. Thursday’s trading saw a spike in activity in December $55 and...

Bessent Wants Independent Fed Review, Including Monetary Policy

Treasury Secretary Scott Bessent blasted the Federal Reserve for putting its own independence at risk through “mission creep” and called for an independent review of the US central bank, including its monetary policy. “At the heart of independence lies credibility and...