Fed to wait and see on inflation

The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marc ... Show More

A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May. 

Markets hit new highs; Fed Chair says more cooling needed before rate cut; Google’s emissions grew 50% since 2019; FTC blocks mattress deal. 

China's industrial output and retail sales increase in August. Its surveyed urban unemployment rate declines in the first eight months of 2024. 

Stocks rise; compensation outpaces productivity; slowdown could push prices higher; imports fall. 

Stocks close lower; job openings trending lower over the last year; logistics sector expands; business inventories lower than last year. 

We close out the trading week by assessing the latest round of jobs data, and what the numbers indicate about the health of the US labor market. Plus, take an inventory of tariff announcements, preview next week’s inflation readings, and reflect on recent equity market volatility ... Show More

The S&P notching its best day since November 2022, as stocks surge after this morning’s better than expected jobless claims data. But could there be some magnificent trouble brewing under the rally’s surface? Plus office demand turning a corner. Manhattan office buildings seeing ... Show More

Plus: Williams-Sonoma shares rise to a new record after the home-products retailer posted higher-than-expected quarterly earnings and boosted its 2024 outlook. Robinhood shares increase on hopes the brokerage will benefit from President-elect Donald Trump’s softer approach to reg ... Show More

Signs of thawing trade relations between the Trump administration and China helped boost stocks. But the trade war continues to cause nervousness. Apple shares fell after it said it expects to add $900 million in tariff costs next quarter. And Block shares drop as consumers cut b ... Show More

Plus: Tesla shares rise 15% after good news from China. Apple shares finish 2.5% higher after a Bernstein analyst upgraded the stock. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices 

The US economy continues to defy gravity. Fresh data reveals that GDP surged at an annualized rate of 2.8% in the second quarter, comfortably beating the anticipated 2.0% rise. This follows a solid 1.4% increase in the first quarter. Adding a cherry on top, inflation appears to b ... Show More