Breaking News: Markets
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World
Payrolls increased by 517,000 in January, crushing estimates, as unemployment rate hit 53-year low
The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July…
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World
Treasury yields leap after much hotter jobs report than expected
U.S. Treasury yields rose Friday after jobs data came in much better than expected. The 10-year Treasury yield was up…
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Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies
Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S.…
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European Central Bank raises rates by 50 basis points, pledges further hike in March
Christine Lagarde, president of the European Central Bank speaks at an event. Bloomberg | Bloomberg | Getty Images The European…
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Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie…
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Bond king Jeffrey Gundlach says he expects one more Fed rate hike
DoubleLine Capital CEO Jeffrey Gundlach said he sees one additional rate hike from the Federal Reserve before the central bank ends its…
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Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million after tough year
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan.…
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We agree with Wells Fargo that Wynn is set for a comeback as gamblers return to Macao
Wells Fargo on Thursday raised its earnings estimates for Club holding Wynn Resorts ‘ (WYNN) operations in Macao, China, while…
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U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom
The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the…
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