The Nasdaq and the S&P 500 hit record highs on Wednesday as strength in Nvidia and other mega stocks supported Wall Street’s winning streak.
Read More S&P 500, Nasdaq scale record highs as Nvidia leads megacap chargeTag: Layoffs
Report: U.S. Job Market Weakens In June
The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday.
Read More Report: U.S. Job Market Weakens In JuneUS weekly jobless claims rise as labor market gradually slows
Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year.
Read More US weekly jobless claims rise as labor market gradually slowsUS weekly jobless claims edge higher, Q1 labor costs revised lower
The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lowerPixar Lays Off Nearly 200 Staffers
Pixar Animation Studios has been hit with another round of layoffs, as 175 employees were recently let go.
Read More Pixar Lays Off Nearly 200 StaffersReport: U.S. Jobless Claims Increase To Highest Level Since August
Unemployment benefit claims have climbed to its highest level since August 2023, initial filings show.
Read More Report: U.S. Jobless Claims Increase To Highest Level Since August