The Australian dollar got a much-needed fillip on Thursday after surprisingly strong jobs data pushed back on wagers for an earlier cut in interest rates, lifting bond yields. The figures …
The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the …
Traders whipsawed by the stock market’s gyrations are bracing for more bouts of volatility in the coming sessions, starting with Thursday’s report on US jobless claims. The options market is …
Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready …
“They are not in a position to give forward guidance because we are in many ways such uncharted territory. We have a fairly low unemployment rate below what had been …