Former Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a...
Tag: Employment/Unemployment Figures
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure. Tencent Holdings Ltd. TCEHY -7.14% , opera...
Zoom, Salesforce, Target, Costco, and Other Stocks for Investors to Watch This Week
U.S. stock and bond markets will have plenty of action on the last day of February with earnings from HP Inc., Lucid Group, and stay-at-home play Zoom Video Communications expected on Monday. Earnings...
The Jobs Report Reveals a Booming Labor Market. Here’s Where Interest Rates Are Headed.
Text size President Joe Biden speaking about the January jobs report. Saul Loeb/AFP/Getty Images Good news for Main Street, not so good news for Wall Street. Once again, a booming labor market is like...
Nasdaq Composite ends 3 percentage points from correction, as investors react to Fed, Friday’s jobs report
U.S. stocks ended lower Friday, in a turbulent session that concluded with all three major benchmarks suffering weekly declines, following a monthly jobs report whose headline figure came in far below...
Forget Fed Rate Hikes. How It Handles Its $9 Trillion in Assets Is What Really Matters.
Federal Reserve Board Chairman Jerome Powell, shown late last year at a House hearing, faces some big policy decisions this year. Brendan Smialowsky/AFP/Getty Images Text size If there is one takeaway...
Inverted Yield Curve Could Be Sending a Bogus Recession Warning
No topic has dominated the investment conversation lately as much as the yield curve. While it’s an arcane matter to most folks, we in the financial sphere have been thrown into a tizzy by this indica...