The U.S. labor market ended 2024 on a high note, with employers adding 256,000 jobs in December. This exceeded expectations and reflected confidence in economic stability. The unemployment rate dropped to 4.
Wall Street's main indexes surged on Wednesday, with the benchmark S&P 500 at a one-week high, propelled by lower-than-expected core inflation data for December and robust quarterly earnings from the biggest U.
Wall Street's main indexes soared on Wednesday, with the benchmark S&P 500 touching a one-week high, driven by lower-than-expected December core inflation data and robust quarterly earnings from major U.
South Korea’s central bank unexpectedly cut its policy rate for a second straight time and lowered its growth forecasts as it looks to step up support for the sagging, trade-dependent economy as tariff risks loom large in the wake of the U.S. election.
The Wall Street Journal criticized Trump, accusing him of prioritizing “unions over workers,” while Fox News contributor Katie Pavlich called on Senate Republicans to “vote this nomination down.” She said: “A co-sponsor of the Pro-Act as Labor Secretary? Absolutely not.”
The U.S. Federal Reserve has initiated its every-five-year review of monetary policy strategy, tools and communications to accomplish price stability and maximum employment. Given recent experiences, the Fed should revisit the 2% target for inflation, as well as how quickly and aggressively it addresses accelerating inflation.
Investors note a pickup in leasing activity as more businesses require workers to return to offices.
Sen. Rand Paul (R-KY) announced on Monday that he would vote against President Donald Trump's nominee for secretary of labor, Lori Chavez-DeRemer. The post Rand Paul Says He’ll Vote Against Trump’s Labor Secretary Nominee Because ‘She’s Very Pro Labor’ first appeared on Mediaite.
Wall Street is asking regulators for more time to implement a rule requiring centralized Treasury clearing as banks and funds trading U.S. government bonds face a 2026 deadline.
The US Department of Labor’s Inspector General Larry Turner was part of a spate of firings by President Donald Trump, the agency said Monday.
President Donald Trump is picking from his most loyal supporters as he creates his Cabinet and appoints others to key roles within his administration.
Agencies are gripped with uncertainty about how to implement the blizzard of new policies as workers frantically try to assess the impact on their lives.