Latest Federal Reserve System News
Stock market today: Wall Street edges lower as Treasury yields climb back above 4%
NEW YORK (AP) — U.S. stocks are edging lower Monday after Treasury yields hit their highest levels since the summer. The S&P 500 was down 0.3% in midday trading, though it’s still close to its all-time high set a week ago. The Dow Jones Industrial Average was down 144 points,...
Stock market today: Dow rallies to a record after a blockbuster jobs report
NEW YORK (AP) — U.S. stocks rallied Friday after a surprisingly strong report on the U.S. job market raised optimism about the economy. The S&P 500 climbed 0.9% and got close to its all-time high set on Monday. The Dow Jones Industrial Average rose 341 points, or 0.8%, to set...
US adds a robust 254,000 jobs and unemployment dips to 4.1% in sign of still-sturdy labor market
WASHINGTON (AP) — America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy. Last month’s gain was far more than economists...
Stock market today: Oil prices jump again on worries about the Middle East as Wall Street fades
NEW YORK (AP) — Crude prices jumped Thursday on worries that worsening tensions in the Middle East could disrupt the global flow of oil, while U.S. stocks pulled back further from their records. The S&P 500 fell 0.2% amid a shaky week that’s knocked the index off its all-time...
Average rate on a 30-year mortgage in the U.S. ticks up to 6.12%, first increase in 7 weeks
The average rate on a 30-year mortgage in the U.S. rose to 6.12% this week, the first increase in seven weeks. The rate ticked up from 6.08% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.49%. Last week, the average rate slipped to...
Amazon, Target and other retailers are ramping up hiring for the holiday shopping season
Retailers are ramping up hiring for the holiday season, but fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses. E-commerce giant Amazon said Thursday it will hire 250,000 full, part-time and seasonal...
More Americans file for unemployment benefits last week, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose modestly last week but remains at healthy levels. The Labor Department reported Thursday that applications for jobless claims rose by 6,000 to 225,000 for the week of Sept. 28. It was slightly more than the 221,000...
Elections have less impact on your 401(k) than you might think
NEW YORK (AP) — Much like those annoying political TV ads, the warnings come back every four years: All the uncertainty around the U.S. presidential election could have big consequences for your 401(k)! Such warnings can raise anxiety, but remember: If your 401(k) is like many...
Stock market today: Wall Street edges higher as financial markets steady themselves
NEW YORK (AP) — U.S. stocks edged higher in a quiet Wednesday, and Treasury yields rose following an encouraging update on the job market’s strength. The S&P 500 finished virtually unchanged, a day after sliding from its record on worries about a possible widening of the...
FACT FOCUS: A look at false and misleading claims during the vice presidential debate
The vice presidential candidates, Minnesota Gov. Tim Walz and Ohio Sen. JD Vance, on Tuesday engaged in a fast-moving, largely civil debate on a wide range of issues. Here’s a look at some false and misleading claims from the debate. ___ Iran has not received $100...
