US job growth stalled in August while unemployment crept up to its highest level since 2021, in a closely watched report Friday after weak data earlier prompted President Donald Trump to fire a key economic official.
Weak US jobs data cemented expectations of an interest rate cut later this month on Friday but stocks slid on worries about the economic outlook and profit-taking.
Donald Trump's pick to join the Federal Reserve's board of governors said Thursday that he plans to take a leave of absence from his White House job while at the US central bank -- but vowed to uphold its independence.
European and US equities mostly rebounded Wednesday as a global bond selloff eased, with shares in Google parent Alphabet jumping after a favorable court ruling.
In September 2022, Angel Peralta Ordonez crossed the Mexican border into Texas, then made the rest of his voyage to New York City in a stranger’s car. It wouldn’t take long until the Ecuadorian joined a longstanding American tradition: He filed a personal-injury lawsuit, according to legal documents filed in the case.
Britain's finance minister Rachel Reeves on Wednesday promised to keep a "tight grip" on public spending as interest rates soar on the UK's long-term debt, and set November 26 for her annual budget speech.
Mortgage rates are likely to remain mostly unchanged in the first half of September. After that, the direction of mortgage rates depends on what the Federal Reserve does at its two-day meeting ending Sept. 17.If the Fed cuts short-term interest rates at the meeting, then mortgage rates should stay about the same or drop a...