Review & Preview: Jobs Jolt
Stocks finished higher after a weak jobs report had traders further doubting an October rate increase
Market News
Stocks Rise As Jobs Report Eases Fed-Hike Worries
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street.
AI Is Squeezing Out the Rest of the Stock Market
Expect stocks outside tech to struggle, earnings to expand more slowly and concern about credit risk to grow
Rediker: Powell Is a ‘Tempering Influence' on Fed Board
Doug Rediker, Managing Partner at International Capital Strategies and formerly represented the US on the Executive Board of the International Monetary Fund (IMF), says former Fed Chair Jerome Powell's continued presence on the Board of Governors is a “tempering influence” on current Fed Chair Kevin Warsh. Rediker says he has been reluctant to think the Fed would raise rates because of the proximity to the midterm elections, though he says he is not highly confident in that view.
Community Banks Swing Back at Trump Regulators Over Crypto Charters
A lawsuit accuses regulators of giving risky crypto companies access to the banking system without the same oversight as banks.
Kudlow: Here's more evidence of the story that SHOULD be told
FOX Business host Larry Kudlow breaks down the final jobs report before the midterms on ‘Kudlow.' #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #kudlow #larrykudlow #kudlow #jobs #economy #employment #jobmarket #workers #workforce #midterms #elections #economicgrowth #business #labor #markets
Trump: not going to be doing diesel export ban
US President Donald Trump said on Friday that he will not authorize an export ban on diesel, hours after G7 countries agreed to release diesel and crude oil from their emergency reserves.
Trump says he did not 'jump the gun' on South Korea Alaska LNG investment announcement
US President Donald Trump said on Friday he did not "jump the gun" on announcing a South Korean investment in Alaska LNG, a liquefied natural gas project that has been planned for decades but still lacks binding commitments.
The Underwhelming Jobs Data That Sparked a Stock Rally
The September report eased fears of further rate increases, boosting the Nasdaq.
Why mixing politics with your stock portfolio might be costing you money
I ask because the stock of this consumer-products company is currently owned both by Republican-leaning ETFs as well as Democratic-leaning ETFs.
Traders Waver on Fed Hike Bets After Jobs Report
A slowdown in the US jobs market drove stocks higher on speculation the Federal Reserve won't be forced to lift rates any time soon. The US added fewer jobs than expected in September and wage growth slowed, signaling some caution among employers amid rising costs.
Treasury Yields Climb, Adding to Weekly Gains | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
Pool supplies retailer files for bankruptcy, to close 76 stores
Leslie's Inc. filed for Chapter 11 bankruptcy with plans to close 76 stores and slash about $685 million in debt while remaining fully operational.
Nasdaq Leads Stocks Higher as Hiring Softens
Plus, bond yields turn higher and oil falls as G-7 agrees to release diesel and crude.
U.S. Stocks Rise as Jobs Report Tempers Rate Outlook
U.S. stocks ended the week on an upswing after slowing jobs growth tempered expectations that the Federal Reserve will hike rates again later this month.
Powell Probe Isn't Being Reopened, Blanche Says
The US Justice Department isn't reopening a criminal investigation into former Federal Reserve Chairman Jerome Powell for cost overruns related to the central bank's building renovation project. During an interview with Bloomberg's Myles Miller, Attorney General Todd Blanche says the department didn't rule out continuing to look into the project's oversight and potentially take action if evidence of wrongdoing came to light.
Is October scary for stocks? A bear and a bull debate bond yields, AI and earnings
Is October as scary for stocks as its reputation? Clockwork Tower Group Chief Macro Strategist Eric Wallerstein says he's the most bearish he's been outside of COVID, pointing to two wars, high commodity prices and global rate hikes, and warns the bond market may break before AI does after a rough stretch for European bonds.
DOJ says it will not reopen criminal probe into former Fed Chair Powell
DOJ says it will not reopen criminal probe into former Fed Chair Powell
Community banks sue US regulator over crypto firm charters
A trade organization representing community banks sued a US bank regulator Friday, claiming that its decision to grant limited bank charters to firms that primarily engage in crypto products exceeds its regulatory authority.
Trading stocks as yields rise: Here's what investors need to know
The Investment Committee reveals their portfolio strategy as yields continue to rise.
