November’s surprisingly strong jobs report makes it less likely the Fed will move to cut interest rates, and it could even sound more hawkish when it meets next week. A so-called ‘hawkish’ Fed is one that is more likely to move to tighten policy than make it looser by cutting interest rates or taking other
Finance
Job growth should appear strong in November as striking GM workers returned to the workforce. Economists surveyed by Dow Jones expected 187,000 jobs were added in November, and Refinitiv’s consensus forecast was 180,000. Wages are expected to rise by 0.3% in the month, and unemployment is expected to remain at 3.6%. The government’s monthly employment
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $2.25
A Mastercard debit card from U.K. digital bank Monzo. Monzo Online banks are betting that millennials don’t want to visit physical branches, but a new report from Jefferies challenges that theory. Physical banking locations “are still viewed as important” — especially by younger folks, and are still a top factor in picking a new bank,
Check out the companies making headlines after the bell: Joel Anderson, CEO, Five Below Scott Mlyn | CNBC Five Below — The retailer said its comparable sales rose 2.9% in the third quarter, versus the 2.6% that analysts had expected. Its shares were up over 4% in extended-hours trading. Verint Systems — Shares of the
Robinhood grew its user based tenfold in about three years by bringing in younger generations to the finance world, co-CEO of the mobile stock trading app, Vladimir Tenev, told CNBC’s Jim Cramer on Wednesday. The start-up earlier that day announced that it has registered more than 10 million accounts to its platform, up from 1 million
The stock market’s poor start to December halted in its tracks the kind of euphoric rally that has marked the end of past bull markets, a so-called blow-off top. Between mid-August and late November, the was up 10.5% in a 74-day sprint that seemed to be immune from negative headlines. According to Ned Davis Research, the
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters President Trump’s comment that he had no deadline on a China deal has predictably thrown markets into a tizzy, as the self-imposed deadline of Dec. 15 for additional tariffs is now less than two weeks away. The market is now
Larry Page, co-founder and chief executive officer at Google Inc. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Google’s parent-company Alphabet edged nearly 1% higher after the company announced that Larry Page will step down as CEO and Google CEO Sundar Pichai will take
George Frey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Caterpillar, Apple, 3M — Trade sensitive stocks fell on Tuesday after President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. Trump later said Tuesday’s market drop is “peanuts” and