Job openings, a measure of labor demand, rose 232,000 to 7.740 million on the last day of January, the Labor Department’s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey.
Read More US job openings increase in January; layoffs decline
The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.
Read More Nasdaq falls over 3% to six-month low on growth concerns
Consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.
Read More US consumer spending declines; annual inflation subsides
U.S. consumer prices came in higher than expected in January as inflation showed few signs of slowing down.
Read More U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts
President Donald Trump announced on Sunday that the U.S. The Treasury will stop producing pennies as the production costs more to make than it’s worth.
Read More Trump Halts Treasury Penny Production To Cut Waste, As The Process Costs More Than What The Coins Are Worth
Head of the US Consumer Financial Protection Bureau (CFPB) Russell Vought has ordered staff to pause their activity.
Read More White House Budget Director Orders To Pause CFPB Funding