Breaking news
- Treasury Secretary Bessent says more Fed rate cuts are 'only ingredient missing' for stronger economy - Bessent on Thursday pressed the administration's desire for lower interest rates, saying they are the key to future economic growth.
- Layoff pace in December hit lowest level since mid-2024, Challenger says - Planned job cuts totaled 35,553 for the month, a 50% slide from November and an 8% decrease from the same period a year ago.
- Private payrolls rose 41,000 in December, slightly below expectations, ADP says - Private sector job creation turned positive in December though at a bit softer pace than expected.
- Elon Musk's xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity - Elon Musk's AI said it raised $20 billion in new funding after CNBC reported in November that a financing round would value the company at about $230 billion.
- Economist Mark Zandi sees the Fed surprising with three rate cuts in first half of 2026 - Markets and Fed officials themselves see only modest easing in the year ahead.
- Fed minutes show officials were in tight split over December rate cut - The Federal Reserve on Tuesday released minutes from its December meeting.
- Payrolls rose by 64,000 in November, more than expected, delayed jobs numbers show - Nonfarm payrolls were expected to increase by 45,000 in November as the unemployment rate rose to 4.5%.
- Multiple dead, several wounded after mass shooting at Brown University - Multiple people are dead and several others are hurt after a mass shooting Saturday at Brown University in Rhode Island.
- Fed's Goolsbee explains vote against rate cut, says central bank should have waited - Chicago Federal Reserve President Austan Goolsbee spoke Friday morning on CNBC.
- The case for more Fed rate cuts could rest on a 'systemic overcount' of jobs numbers - There are indications that policymakers will be more inclined to cut further if the labor market stays weak.