Private payroll processor ADP said Tuesday that the US labor market showed signs of bouncing back in October, with the average weekly increase in employment tallying 14,250 over a four-week period ended Oct. 11.
“This growth in employment suggests that the U.S. economy is emerging from its recent trough of job losses,”
» Read more about: US job market shows signs of 'tepid recovery' in October, ADP says »
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Maria Bartiromo gives ‘Mornings with Maria’ viewers an inside look at the Permian Basin, where oil and natural gas producers are fueling America’s energy independence and driving a new boom in U.S. innovation, jobs and national strength.
Whether it’s the gas in your car,
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WASHINGTON — Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
On an Air Force One flight to Asia with President Donald Trump, Bessent said he would engage in a second round of interviews in the coming weeks and present a “good slate” of candidates to Trump “right after Thanksgiving.” Trump said he expected to decide on Powell’s replacement by the end of this year.
» Read more about: Trump administration narrows list of potential Federal Reserve chairs to 5 »
By MARGERY A. BECK and GEOFF MULVIHILL, Associated Press
Food banks and pantries were already struggling after federal program cuts this year, but now they’re bracing for a tsunami of hungry people if a pause in federal food aid to low-income people kicks in this weekend as the federal government shutdown persists.
By CHRISTOPHER RUGABER, Associated Press Economics Writer
WASHINGTON (AP) — The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring.
A cut Wednesday would be the second this year and could benefit consumers by bringing down borrowing costs for mortgages and auto loans.
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» Read more about: The waning influence of the Federal Reserve »
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage,
» Read more about: Is It Worth Investing in Lowe's (LOW) Based on Wall Street's Bullish Views? »
Apple (AAPL) became the latest company to reach the $4 trillion market cap mark, joining the likes of Nvidia (NVDA) and Microsoft (MSFT) on Tuesday before retreating back below the threshold.
Apple’s shares received a further boost following Counterpoint Research’s report that the new iPhone 17 lineup outsold the iPhone 16 over the first 10 days it was available in the US and China.
» Read more about: Apple's market cap hits $4 trillion on positive iPhone 17 sales momentum »
With solid earnings, cooling inflation, the potential for interest rate cuts, and hopes for a truce between the U.S. and China, there’s not much stopping upside potential.
Helping, analysts are incredibly bullish.
Apple (NASDAQ: AAPL): Analysts at Baird just reiterated an outperform rating on Apple ahead of earnings,
» Read more about: Wall Street is Pounding the Table Over AAPL, AMZN, QCOM, GFI, MSFT »