The Daily Editor

When talking about consolidating debts into one, the phrases “the interest rate will go down” and “monthly repayments will become easier” usually come as a set.

However, these two factors work in opposite directions. If the interest rate goes down, the interest decreases. If you make monthly repayments easier, the repayment period extends,

 » Read more about: “If the interest rate goes down, it's a win”—Comparing interest based on the consolidated interest rate and monthly repayment amount [Quick Reference Table for Consolidation …  »

A blowout jobs report is good news for the economy, but the same quarter point that pads a saver’s interest can quietly drain a bond fund. Which side of the rate move you stand on decides whether Friday helped or…

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 » Read more about: The Jobs Report Just Changed the Math for Retirees. Here’s What a Rate Hike Means for a 67-Year-Old With $400,000 and Social Security.  »

 » Read more about: US Stock Futures Mixed After Wall Street Sell-Off as Strong Jobs Data Fails to Ease AI Concerns: Dow Jones, S&P, Nasdaq  »

When things get rough, you can always count on the internet for a laugh.

Wall Street’s AI-fueled rally came to a screeching halt on Thursday, with technology stocks leading a broad sell-off. But as prices fell, the mood on social media was one of gallows humor.

Financial commentators,

 » Read more about: The internet is seeing the funny side of the stock market meltdown  »

Airbnb (ABNB) stock jumped after hours after the peer-to-peer home rental company touted strong growth across its business and raised its full-year outlook amid healthy global travel demand.

“Airbnb is back in growth mode,” CEO Brian Chesky said in a release to investors. “It’s rare for a marketplace of our size to reaccelerate growth,

 » Read more about: Stock market today: Nasdaq rebound after brutal sell-off, Dow and S&P 500 wobble as US adds 165K jobs  »

Job growth surpassed expectations in October, new data showed Friday, with the US economy adding 165,000 jobs.

The unemployment rate fell to 4.1% from 4.2%, according to Bureau of Labor Statistics data.

Job growth in the previous two months was stronger than initially reported,

 » Read more about: The US economy added 165,000 jobs in October and the unemployment rate fell  »

The US labour market delivered a stronger-than-expected performance in October, with employment growth significantly exceeding economists’ forecasts and the unemployment rate declining, according to figures released by the Labor Department on Friday.

Non-farm payroll employment increased by 165,000 jobs during the month, substantially above the 62,000 new positions anticipated by economists.

 » Read more about: US Job Growth Surges in October as Payrolls Beat Forecasts and Unemployment Falls to 4.1%  »

One side sees a delayed AI boom and a discount worth grabbing. The other warns AI spending flips like a light switch, with nothing ready to catch the fall. A handful of signals will reveal which camp is right.

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 » Read more about: Wall Street’s Loudest Voices Split on Whether the AI Trade Is Finished  »

OTTAWA, Ontario (AP) — Canadian Prime Minister Mark Carney’s government unveiled a budget Thursday aimed at making Canada less dependent on the United States as President Donald Trump’s trade war reshapes the allies’ economic relationship.

The budget, titled “Masters of Our Destiny,” proposes $142.1 billion Canadian (US$101.6 billion) multiyear spending and tax breaks,

 » Read more about: Carney unveils budget to strengthen Canada’s economy as Trump’s trade war slows growth  »

Economists including BMO Capital Markets director and senior economist Sal Guatieri have flagged how the prolonged tariff dispute is damaging the housing market outlook and consumer confidence.

In September, Guatieri told CMP that the imposition of further tariffs could increase concerns about job security and push Canadians away from making a big investment in housing.

 » Read more about: Could the US’s blue wave bring an end to the Canada trade war?  »