Jobs report to test economic rebound
NEW YORK (CNNMoney) — The government on Friday will release its March jobs report, a crucial measure of the health of the economy. Economists surveyed by CNNMoney expect the report to show that employers added 200,000 jobs in March, and that the unemployment ratefell by 0.1% to 8.2%. In February, the U.S. added 227,000 jobs, and [...]
Read MoreUgly jobs report sparks bond rally
NEW YORK (CNNMoney) — Investors flocked toward the safety of U.S. government debt Friday following a dismal jobs report that showed a sharp slowdown in hiring in March. The Labor Department said the U.S. economy added only 120,000 jobslast month, following three straight monthly gains of 200,000 jobs or more, a trend that economists expected would [...]
Read MoreStocks headed for weak April start
NEW YORK (CNNMoney) — U.S. stocks were poised to open little changed Monday, the first trading day of April, as investors look for reasons to sustain the recent rally. The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were essentially flat ahead of the opening bell Monday morning. Stock futures indicate [...]
Read MoreStocks rally into the second quarter
NEW YORK (CNNMoney) — U.S. stocks rallied into Monday afternoon on the first trading day in the second quarter, as investors found reasons for optimism in the latest U.S. manufacturing numbers. Investors also digested data on U.S. construction spending, and reports out of Europe and China on manufacturing. While those reports paint a decidedly [...]
Read MoreThe good intentions that will kill your business
Whether it’s trying to be great at everything or giving great service away for free, there are plenty of ways in which the best intentions spell business failure. Bank of America’s biggest problem may be that it’s trying not to disappoint anyone right now. By Frances Frei and Anne Morriss, guest contributors FORTUNE — [...]
Read MoreOil prices seen rising if speculation is limited
NEW YORK (CNNMoney) — One of the most influential consultants in the oil industry said Wednesday that limiting speculation in oil markets will lead to less energy production, fewer jobs and increased prices for consumers. In a report from the consultancy IHS, proposed limits on oil speculators like big banks and hedge funds in the [...]
Read MoreSupreme Court won’t kill health care stocks
NEW YORK (CNNMoney) — All eyes have been on the Supreme Court this week as the justices listened to three days of arguments regarding the constitutionality of President Obama’s health care reform plan. Much is at stake politically. And whether or not the court ultimately decides in a few months to uphold the law in [...]
Read MoreS&P slides 1% on economic jitters
NEW YORK (CNNMoney) — Stocks slid further into the red Wednesday as a disappointing report on durable goods orders led to concerns about the economy. “It doesn’t take economic numbers meeting expectations to give the markets support. They need to beat expectations,” said Guy LeBas, chief fixed income strategist at Janney Capital Markets. “We call [...]
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