News

Clean Energy Got Hit Hard in the Tax Bill. Some Players Still Have a Way to Win.
The golden age of government support for clean energy is over. A new fraught era of energy policy has begun.
Wall Street Stays Calm Ahead of June Jobs Report
Investors were feeling zen on Thursday ahead of monthly jobs data that will give the market a better sense of how tariffs are ...
State and Local Government Hiring Makes a Comeback
The public sector added 73,000 jobs in June, a surprising gain driven by state and local government hiring. State government payrolls rose by 47,000 last month, driven largely by hiring in education.
Gold Rises as Market Positions for Fresh U.S. Economic Data
Gold futures were rising as investors awaited crucial U.S. economic data. Futures were up 0.2% at $3,354.90 a troy ounce. The ...
Pound and U.K. Bonds Recover After Welfare Cut Climbdown Sparks Selloff
The British pound and U.K. government bonds were paring back some of their losses on Thursday, having tumbled the previous ...
U.S. Jobless Claims Fell Last Week
The number of Americans who newly filed for unemployment benefits fell last week, the Labor Department said Thursday, a welcome sign of strength in June's labor market as job growth exceeded ...
Job Growth Revised Higher, Breaking the Downward Streak
Most of the updates to monthly jobs growth have been in the form of downward revisions so far this year, but the BLS added a combined 16,000 payrolls to its April and May estimates. May’s payroll ...
Initial Jobless Claims Softer Than Expected
After hitting a peak in early June, initial jobless claims have been sliding in recent weeks, and that continued to be the case at the end of last month. About 233,000 new unemployment insurance ...
Solid Jobs Report Takes July Rate Cut Off the Table
Traders are fleeing any remaining bets on the Federal Reserve cutting interest rates on July 30. Odds of a July rate cut sank to 4.7% on Thursday after the June jobs report came in stronger than ...
Bonds Sell Off After Payrolls. What's Behind the Spike in Yields.
Treasury yields rose sharply in response to Thursday's labor market data, suggesting that traders see less reasons for the Federal Reserve to cut rates in July. The 2-year Treasury yield, which is ...
Stock Futures Climb After Strong June Jobs Report
Stock futures rallied on Thursday after the June jobs report came in stronger than expected. The Labor Department said the U.S. economy added 147,000 jobs in June, which was well above expectations at ...
June Job Growth Crushes Expectations, Adding 147,000
U.S. hiring proved more resilient than expected in June, alleviating some fears that the labor market’s steady cooling had shifted into an all-out slump. Employers added 147,000 jobs to nonfarm ...