The Daily

Oct 30, 2024,06:30am EDT

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Nov 1,

 » Read more about: Fed Interest Rate Cuts Are Coming After Weak October 2024 Payrolls  »

US stocks jumped, set for a comeback on Friday as investors digested a big miss in the monthly jobs report, and welcomed Amazon (AMZN) and Intel (INTC) earnings.

The tech-heavy Nasdaq Composite (^IXIC) surged 1%, while the S&P 500 (^GSPC) rose 0.8%,

 » Read more about: Stock market today: Nasdaq, S&P 500 rebound amid Amazon cheer, jobs report  »

HONG KONG (AP) — European markets opened higher while Asian stocks were mostly lower on Friday, with Japan’s benchmark Nikkei losing over 2% after a sharp decline on Wall Street.

France’s CAC 40 added 0.4% in early trading to 7,377.79, and Germany’s DAX gained 0.2% to 19,116.71.

 » Read more about: Stock market today: Gains for Amazon and Intel help send Wall Street higher  »

America’s employers added just 12,000 jobs in October — a marked slowdown that economists attribute largely to disruptions from strikes and recent hurricanes.

The latest report paints an ambiguous picture of an economy that has become a focal point in the final days of a high-stakes presidential race.

The October job gains fell well short of the 223,000 jobs added in September,

 » Read more about: US Employers Added Just 12,000 Jobs in October  »

A weak jobs report has given the Federal Reserve a clear runway to cut interest rates next week — if it wants to. 

The U.S. economy added just 12,000 jobs in October,

 » Read more about: Weak October jobs report gives Fed ammo for rate cut  »

 » Read more about: Dow up 200 points after October payrolls report  »

 » Read more about: Why the Energy Sector May be a Post-Election Safe Haven  »

The European Innovation Council (EIC) is set to impact the continent’s deep tech landscape with an investment of €1.4 billion in 2025

This funding, part of the EU’s Horizon Europe research and innovation programme, represents an increase of nearly €200 million from the previous year,

 » Read more about: EIC set to invest €1.4 Billion in deep tech and strategic technologies  »

For 164 years, Denver Health has been the backbone of our community, providing essential health care to all residents. As the number of patients has surged to over 280,000 in the last two decades — more than doubling — our health care system has not received an increase in city funding to support these critical services.

 » Read more about: Vote Yes on 2Q: Invest in our community’s health  »

Since the General Election in July, almost every conversation we at Public Practice have had with local authority officers has involved the Budget. This week, we finally heard what the first Labour Budget in almost 15 years had in store for local government and the wider housing sector.

In the opening lines of her Budget statement,

 » Read more about: Budget 2024: “Invest, invest, invest!” Is increased investment enough to deliver on Labour’s housing pledges?  »