BUSINESS

BUSINESS

Why Didn't the Market Like the Jobs Report? – The Wall Street Journal

Why Didn’t the Market Like the Jobs Report?  The Wall Street Journal US jobs growth signals tough inflation fight ahead  BBC Wall Street Sees Blowout Jobs Data as ‘Wrong Report at the Wrong Time’  Yahoo Finance Stocks Slump on Jobs as Traders Lift Fed Peak Bets: Markets Wrap  Bloomberg US stocks drop after strong wage gains fan inflation worries  WHIO […]

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BUSINESS

US economy adds more jobs than expected in November

The US economy added more jobs than expected in November in a sign that demand for new workers remains strong despite the Federal Reserve’s efforts to cool the economy. Non-farm payrolls rose by 263,000 last month, compared with an expected 200,000, according to data released by the Bureau of Labor Statistics. The figures marked a […]

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BUSINESS

November Employment Report Shows U.S. Economy Added 263,000 Jobs

The November payrolls gain compared with an upwardly revised 284,000 jobs in October, the Labor Department said Friday. Payrolls grew in leisure and hospitality, healthcare and government. Retailers and transportation-and-warehousing companies cut jobs in a sign of weak holiday hiring. Average hourly earnings grew 5.1% in November from a year earlier, the department said. Wage […]

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BUSINESS

Binance investigates possible hack affecting a number of crypto tokens

Hong Kong/New Delhi CNN Business  —  The crypto industry just can’t catch a break this year. Binance, the world’s biggest cryptocurrency exchange, is investigating a hacking incident that affected a number of crypto tokens Friday. According to its founder and CEO Changpeng Zhao, a private key, used to encrypt or decrypt data, had been hacked. […]

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BUSINESS

Dogecoin’s Bitcoin-Beating Bounce May Be Bad News for the Market

“Every time that [the] price of DOGE starts rising rapidly, there’s a market-wide crash following just moments later,” blockchain analytics firm Santiment said in a market insights note. “Right now, we are observing such a rise. Now the question is, is this time different?”

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BUSINESS

Why the jobs report still matters to investors: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 2, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market […]

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BUSINESS

Over 8 million laundry and cleaning products recalled due to possible bacterial contamination

The company behind a popular line of laundry detergent and cleaning products has issued a voluntary recall due to possible bacterial contamination. The Laundress first issued a safety notice on Nov. 17, urging customers to stop using its products completely. “We have identified the potential presence of elevated levels of bacteria in some of our […]

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BUSINESS

Oil output cuts on the table ahead of Russia sanctions

OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the […]

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BUSINESS

Bitcoin, Ethereum, Dogecoin Rallies Screech To Halt: Analyst Sees ‘Healthy Consolidation’ Amid Mixed Economic Data, Tether Worries – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

The rally in major coins, from earlier in the week, was grinding to a halt on Thursday evening as the global cryptocurrency market cap decreased 1.3% to $853.9 billion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD -1.2% […]

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BUSINESS

Musk delivers first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after unveiling it No details on orders or capacity for electric truck Semi uses existing Tesla motors, to feature new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated forecasts […]

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