Dow Jones

America’s red-hot labor market FINALLY starts to cool: Private firms added 89,000 jobs in September -the slowest pace of growth since 2021

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America’s red-hot labor market FINALLY starts to cool: Private firms added 89,000 jobs in September -the slowest pace of growth since 2021  Private employers added just 89,000 jobs in September, new report shows Figures fall well below economist’s predictions of 160,000 Red-hot labor market has been repeatedly blamed for keeping inflation high  By Helena Kelly … Read more

Biden hopes inflation is back to normal by the ‘end of next year’

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President Joe Biden said Tuesday that he hoped inflation would be under control by the end of next year, but told reporters he couldn’t make any guarantees.   In answer to a question about when he expected prices to get back to normal, he replied: ‘I hope by the end of next year we’ll be much … Read more

MIDTERMS 2022: Dow rises 330 points as US economy and investors await midterm results

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Wall Street embraced the prediction of a red wave ahead of Tuesday’s midterms, with the Dow increasing for the third consecutive day after months of depressed rhetoric and recession fears.  Soon after the opening bell, the Dow rose 115 points, or 0.35 percent, to 32,953. The S&P 500 gained 0.34 percent and the Nasdaq Composite ticked … Read more

Private payrolls contract for first time since May with 123,000 people losing their jobs in December

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Private payrolls contract for the first time since May with 123,000 people losing their jobs in December as COVID restrictions kicked in once more ADP’s latest National Employment Report was published on Wednesday They found that 123,000 privately employed people lost their jobs in December The largest losses were in leisure and hospitality, followed by … Read more

US Election 2020: Pound sinks against US dollar amid uncertainty

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Dollar rises against pound and US bonds are in demand as investors seek safe havens amid ‘extended uncertainty’ of election Leading up to election day markets had been pricing in a Biden clear sweep Strength of US dollar now on the up  as investors flock to ‘safe havens’ By Jane Denton For Thisismoney Published: 11:53 GMT, … Read more

Dow drops 500 points in Wall Street’s fourth straight day of losses

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Dow drops 500 points in Wall Street’s fourth straight day of losses as coronavirus surge dashes hopes of a speedy recovery Wall Street’s main indexes opened lower on Wednesday as cases rose  New hospitalizations set records in the Midwest, while in Europe eyes lockdowns Wall Street’s fear gauge spiked to its highest level in nearly … Read more

Dow plunges more than 400 points after US hit new record high of daily coronavirus cases

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BREAKING: Dow plunges more than 400 points after US hit new record high of daily coronavirus cases over the weekend Stocks plunged Monday morning after the nation hit a record number of daily coronavirus cases over the weekend The Dow Jones Industrial average traded 424 points lower, or more than 1% The S&P 500 slumped … Read more

Wall Street Journal vows not to ‘wilt under cancel culture pressure’ after staffers’ protest letter

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The Wall Street Journal’s opinion section had a scathing response Thursday to the 280 staffers who had signed a letter this week claiming it pushed ‘misinformation’.  In a note published by the section’s editorial board late Thursday night, the fiery rebuttal vowed that the opinion section wouldn’t ‘wilt under cancel-culture pressure’ following the protest letter … Read more

Oil price crashes into negative for the first time in history as demand dries up

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The price of U.S. oil crashed into negative for the first time in history Monday as demand dries up and producers effectively pay buyers to take barrels off their hands.   In the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic the cost to have a barrel of U.S. crude … Read more

Dow is set to drop 100 points as doubts grow over Trump’s promise of Saudi-Russia oil price deal

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Wall Street stocks opened down on Friday, as doubts grew about an end to the Saudi-Russia oil price war and investors awaited data on business activity to assess the extent of the economic hit from coronavirus. Stock indexes gained about 2 percent on Thursday as oil prices soared on hints of a Saudi-Russia deal, but … Read more