Category: Uncategorized
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Diesel prices hit an all-time high, pressuring economy ahead of midterms
US diesel prices raced up to an all-time high on Friday, crossing into new heights as wars in Iran and Russia-Ukraine keep structural pressure on an already tight market for the world’s “workhorse fuel.” Prices on Friday climbed to $5.85 per gallon in the retail diesel market, per data from AAA, well surpassing the previous…
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Will Federal Reserve hike rates later this month? Waller muddies the outlook
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. The government will release August inflation figures Sept. 11, and if that report shows inflation continues to cool, then Waller…
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The Nasdaq, S&P 500, and Dow All Fell Slightly Friday. The Jobs Report Wasn't Really Why.
Key Points The Nasdaq Composite fell 0.3%, the S&P 500 0.4%, and the Dow 0.5% by early Friday afternoon. August payrolls rose 162,000 against a consensus of 53,000, the strongest month since March. Not one of the 30 Dow stocks moved more than 2% in either direction. Stocks edged lower Friday after the August jobs…
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Bloom Energy, Illumina, Everpure Rise On S&P 500 Inclusion
Bloom Energy, Illumina and Everpure will join the S&P 500 index, S&P Dow Jones Indices announced late Friday. The three stocks rose in after-hours trading. Bloom Energy (BE), Illumina (ILMN) and Everpure (P) will be added to the benchmark index before the open on Monday, Sept. 21, as part of a quarterly rebalancing of S&P…
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Dow Jones Top Company Headlines at 3 PM ET: NHTSA Opens Probe Into Tesla's Cybercab Rollout | Volkswagen's …
NHTSA Opens Probe Into Tesla’s Cybercab Rollout The transportation agency is reviewing the new robotaxi’s design and compliance with safety standards. —- Volkswagen’s Peace Deal With Unions Sets Up Fresh Battles to Come To win approval to cut thousands more jobs, automaker kicked questions about factory closures and governance down the road. —- EQT to…
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US hiring surge strengthens case for Federal Reserve rate hike
The US economy added 162,000 jobs in August, nearly tripling what forecasters had penciled in. Consensus estimates had clustered around 55,000 to 65,000 new nonfarm payroll positions, making this the kind of miss that forces Wall Street to quietly update its spreadsheets and publicly update its talking points. The Bureau of Labor Statistics report, released…
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US hiring surge strengthens case for Federal Reserve rate hike in September
A surprise increase in U.S. hiring in August 2026 has strengthened the case for a potential interest rate hike by the Federal Reserve, according to recent reports. Nonfarm payrolls rose by 162,000, significantly surpassing the economists’ expectation of 53,000, while the unemployment rate held steady at 4.1%. This unexpected surge follows a decline in July,…
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Private equity eyes 401(k) plans, but fees remain a hurdle
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger. Asset managers are rolling out new products to give retirement plan participants access to private market investments, amid the Trump administration’s push to expand private equity into 401(k) portfolios. Alternative asset manager Constitution Capital Partners’ new Constitution Capital Horizon…
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The Federal Reserve Is out of Excuses
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The U.S. Economy Just Added 162,000 Jobs in August, Blowing Past Estimates: That's Both Good and Bad News for the Stock Market.
Another month and another jobs report that continues to befuddle economists. Nonfarm payrolls added a seasonally adjusted 162,000 jobs in August, more than triple economists’ estimates of 53,000 job gains. Additionally, the job numbers for both June and July were revised upward, with July notably revised from a 23,000 job loss to a 21,000 gain.…