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Finance
Private payrolls rose 89,000 in September, far below expectations, ADP says
U-Haul hiring sign offering to get paid today and a bonus in New Brighton, Minnesota.Michael Siluk | Universal Images Group | Getty ImagesPrivate payroll growth tailed off sharply…
Mortgage demand drops to the lowest level since 1996, as interest rates head toward 8%
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesMortgage rates just continue to climb higher, taking a particularly big leap last week. As a…
10-year Treasury yield trades near levels not seen since 2007, 30-year bond rate trades above 5%
Traders watch prices in the Ten-Year Treasury Note options pit at the CME Group.Getty ImagesU.S. Treasury yields were little changed Wednesday, with the 10-year Treasury yield…
UK PM Rishi Sunak’s leadership on rocky ground as party rebellion mounts
Britain's Prime Minister Rishi Sunak listens to a speaker address delegates at the annual Conservative Party Conference in Manchester, northern England, on October 2, 2023.Oli…
Bill Gross says the surging 10-year Treasury yield could test 5% in the short term
Bill Gross, Portfolio Manager, Janus Capital GroupLucy Nicholson | ReutersWidely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in…
Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns
Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through five percent in the next couple of weeks."I don't think we're near the…
The job market is strong, economists say — but workers don’t think so
Hinterhaus Productions | The Image Bank | Getty ImagesThe job market remains strong despite gradual cooling from pandemic-era highs, according to labor economists — but workers…
Pros are bullish on Nike after its latest quarterly results. Here’s what they say
Market Movers rounded up the latest reactions on Nike from investors and analysts. The pros are bullish on the sports apparel giant after Nike posted its fiscal first-quarter…
Something is breaking in financial markets — Here’s what’s behind the sell-off
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, September 28, 2023.Brendan McDermid | ReutersThat cracking sound in financial markets isn't the…
FDA authorizes updated Novavax Covid vaccine as Pfizer, Moderna shots roll out in U.S.
A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersThe Food and Drug Administration on Tuesday authorized…