market

July jobs report doubles expectations

Stocks week ahead: The market read the Federal Reserve all wrong

“We’ve been front-end loading these very large rate increases, and now we’re getting closer to where we need to be,” Fed Chair Jerome Powell told reporters. Of course, Powell said, another “unusually large” increase could be on the table too. But Wall Street looked past that. What came next: Investors cheered Powell’s apparent pivot. The …

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Dow Jones Futures: Market Rally Resilient; Apple, Tesla, These 5 Chip Stocks Could Use This

Dow Jones Futures: Market Rally Resilient; Apple, Tesla, These 5 Chip Stocks Could Use This

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had a generally positive week, with the Nasdaq and small caps leading the way. X But with the major indexes at resistance levels following strong recent gains, the market rally showed resilience amid some mixed …

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What's at Stake if the Federal Reserve Intervenes in Today's Tight Labor Market

What’s at Stake if the Federal Reserve Intervenes in Today’s Tight Labor Market

About the author: J.W. Mason is a professor of economics at John Jay College, City University of New York, and a fellow at the Roosevelt Institute. The labor market is exceptionally tight, at least by the standards of recent history. That matters for monetary policy, but its importance goes beyond inflation, or even material living standards. We …

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U.S. labor market defies recession fears as job growth surges in July

U.S. labor market defies recession fears as job growth surges in July

Nonfarm payrolls increase 528,000 in July Unemployment rate falls to 3.5% from 3.6% in June Average hourly earnings rise 0.5%; up 5.2% year-on-year Participation rate falls to 62.1% from 62.2% in June WASHINGTON, Aug 5 (Reuters) – U.S. job growth unexpectedly accelerated in July, lifting the level of employment above its pre-pandemic level and pouring …

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US adds 528,000 jobs in surprise gain for labour market

US adds 528,000 jobs in surprise gain for labour market

The US economy unexpectedly added 528,000 jobs last month and the unemployment rate returned to a half-century low, easing concerns of a recession as the labour market remained buoyant even in the face of high inflation, tighter monetary policy and easing fiscal support. The data showed an acceleration in the pace of job creation compared …

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The Democrats Are Set to Tax Share Buybacks, in New Market Headwind

The Democrats Are Set to Tax Share Buybacks, in New Market Headwind

The Democrats plan to put a 1% tax on share buybacks, as part of a deal to rescue Joe Biden’s agenda. Stock buybacks have supported the market in recent years, with companies spending huge amounts on their own shares. Analysts said the tax could be a new headwind, but said companies would likely increase spending …

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OPEC

OPEC’s Lackluster Quota Hike Won’t Solve Oil Market Tightness

Yesterday, OPEC and its partners led by Russia agreed to increase their combined oil production by 100,000 bpd in September. Reports note that the decision follows calls from the U.S. and other big consumers for more oil. However, 100,000 additional barrels daily will probably not be enough to lower prices much further. The production increase …

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Seattle-area home prices dip as market cools

Seattle-area home prices dip as market cools

The Seattle-area housing market continues to cool off.  More homes are sitting on the market awaiting a buyer. Fewer buyers are signing deals. And prices are dipping faster than usual, as a typical summer slowdown meets higher interest rates, priced-out buyers and economic jitters. According to new data released Thursday from the Northwest Multiple Listing …

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