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CVS to cut 2,900 jobs and is reportedly mulling a breakup
The layoffs will be focused on corporate jobs, not frontline pharmacy, retail, or distribution workers, but more dramatic changes could be coming soon.
What to Expect in Friday's Jobs Report—The First Since the Fed Cut Rates
A highly anticipated report on the job market Friday could show unemployment rising, potentially influencing how fast and how far the Federal Reserve will cut borrowing costs in the coming months.
Fed sees no 'hurry' to cut rates as confidence in economy grows, Powell says
By Howard Schneider NASHVILLE, Tennessee (Reuters) -Federal Reserve Chair Jerome Powell indicated on Monday the U.S. central bank would likely stick with quarter-percentage-point interest rate cuts moving forward and was not "in a hurry" after new data boosted confidence in ongoing economic growth and consumer spending.
Fed’s Powell Says Rate Cuts Can Sustain Soft Landing, but Sees No Need to Rush
Federal Reserve Chair Jerome Powell says the economy is in solid shape. “We intend to use our tools to keep it there,” he adds.
What To Expect In Friday's Jobs Report
Key Takeaways The unemployment rate in September likely stayed at 4.2%, forecasters expect an economic report to say Friday.Some forecasters expect the unemployment rate to tick up to 4.3%, potentially putting more pressure on the Federal Reserve to cut interest rates and boost the economy.
Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller.
Fed Chair Powell Underscores That More Rate Cuts Are Coming
Jerome H. Powell, chair of the Federal Reserve, said that inflation is down and unemployment up “significantly,” and that rates will move down “over time.”
The Federal Reserve Is In No Rush To Cut Rates, Powell Says
Key Takeaways The Federal Reserve is in no hurry to cut interest rates, Fed chair Jerome Powell said Monday,Powell highlighted recent economic data showing the economy performing well, reducing the urgency of lowering interest rates to bolster it.
Fed Chair Powell: If the economy behaves as expected that'll mean two more rate cuts
Fed Chair Jerome Powell speaks about the economy, inflation and rate cuts at the National Association for Business Economics.
Powell’s speech and jobs data expected to clarify Fed's rate direction
On Monday, the Fed chair will speak at the National Association for Business Economics conference to discuss the US economic outlook. At the end of the week, the September jobs report is expected to show a healthy,
1h
Waiting For The September Jobs Report
The September jobs report will be pivotal for markets, because it holds implications for future Fed interest rate policies ...
5h
Top Wall Street strategists say a strong jobs report will kick off a rotation into lower-quality stocks
Goldman says a strong report would prompt investors to price in smaller odds of further labor-market weakness.
15h
Goldman Says Jobs Data Could Spark Move Into Lower-Profit Stocks
A solid US jobs report at the end of the week could spur a rotation from the market’s most profitable names into stocks with ...
5h
These women-dominated, high-paying jobs are growing the fastest this decade
JobTest.org used Bureau of Labor Statistics data to rank the jobs forecast to grow the fastest for high-earning professional ...
8m
Some techies are leaving cushy Silicon Valley jobs to launch startups at home in India
Many leave cushy Big Tech salaries because they no longer want to watch the booming entrepreneurship scene from the sidelines ...
4h
Fact Check: Has Kamala Harris 'Stolen' Donald Trump Jobs Policy?
In August, Trump accused Harris directly of stealing ideas from him after announcing that she would eliminate taxes on tips for service and hospitality workers. Trump wrote on Truth Social: "The ...
Axios
2h
Twins' collapse won't cost manager, Falvey their jobs
The Minnesota Twins' epic late-season collapse will not cost top baseball exec Derek Falvey his job, the team's owner told ...
10h
Stock market today: US indexes drop as investors prepare for wave of jobs data this week
The ADP employment report on Wednesday, initial jobless claims on Thursday, and the September jobs report on Friday are on ...
Opinion
1h
Opinion
To Win the Midwest, Tim Walz and JD Vance Should Debate Clean Energy Jobs
To carry swing states like Michigan, Wisconsin and Pennsylvania, candidates must show how they’ll revitalize the economy of ...
4h
on MSN
Morgan Stanley Warns of 70,000 US Monthly Jobs Hit From Trump Tariffs
Morgan Stanley economists estimated that implementation of Republican tariff-hike proposals would drive up inflation and ...
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