Fed rate cuts were so 2024. There are risks the next move could be a hike, Bank of America says.
After the "gangbuster" December jobs report, the Federal Reserve's rate-cutting cycle is over, said Aditya Bhave, senior U.S. economist at BofA Global Research. "Our base case has the Fed on an ...
Biden says his administration is only one to have created jobs every single month
This is the last jobs report with President Joe Biden in office, and he's reacting to the release in part by noting his is ...
Western Digital Shares Drop After Wall Street Pares Back Targets
Western Digital shares ticked down 2.2% after two Wall Street firms pulled back their estimates on the company.
Canada Foreign Minister Says Ottawa Preparing Retaliation to Possible 25% Trump Levy -- Update
OTTAWA--Canadian Foreign Minister Melanie Joly said Friday the cabinet is preparing a list of retaliatory tariffs Ottawa could slap on U.S. goods in the event President-elect Donald Trump follows ...
BofA: Fed's cutting cycle is over. Hikes could follow.
At least one team of sell-side economists is calling an end to the Federal Reserve's interest-rate-cutting cycle following Friday's blockbuster jobs report. Perhaps even more notably, the team now ...
Gold rallies to highest level in a month
Gold futures were on track Friday to post their largest one-day gain in seven weeks and highest settlement in a month, with prices likely driven by foreign demand, [despite headwinds]( ...
Power Reportedly Restored to Kinder Morgan Colton Terminal, Pipelines -- OPIS
Power has been restored to the Kinder Morgan Colton Terminal and the company's 24-inch Watson-to-Colton and 20-inch Colton-to-Phoenix lines have been restarted earlier than previously expected, ...
Dow poised to erase postelection gains as stock-market losses deepen
The latest hiccup for the U.S. stock market on Friday has caused the Dow Jones Industrial Average to erase all of its gains since Nov. 5, the day President-elect Donald Trump won a second term in the ...
Only two S&P 500 sectors are in the green on Friday
U.S. stocks have been swept up in a broad-based selloff. Even members of the mighty "Magnificent Seven" appeared to succumb to the pull of rising bond yields. But two S&P 500 sectors managed to hang ...
Inside December jobs report: An aging American drives hiring in health care
Employment gains in December were led once again by the health care industry. As America ages, there is more demand for labor ...
December jobs report: Strong 256,000 increase raises fresh inflation worries
The surprising 256,000 increase in new jobs in December and a declining unemployment rate is good news, but the latest ...
Small-cap stocks head for correction as record-setting rally fades
Just six weeks ago, the Russell 2000 was riding high. In late November, the small-cap index had finally managed to tally a fresh closing record — its first since late 2021 — as small-cap stocks ...