The data at the very least add to the narrative that the Fed doesn’t have to be in a rush to lower interest rates.
Stocks making the biggest moves midday: GameStop, Vail Resorts, DocuSign, Skechers and more
These are the stocks posting the largest moves midday.
Jobless rates rise in May for all racial groups except white Americans
The unemployment rate for white Americans held steady from April to May, but rose for all other demographic groups last month.
Apollo’s co-president said it is one of the few private equity firms OK with higher rates
Apollo Asset Management’s co-president Scott Kleinman had a more contrarian view: He said he’d be betting against any rate cuts in 2024.
Here’s where the jobs are for May 2024 — in one chart
Job growth in May came out surprisingly strong, pushing back on lingering fears of a broader economic slowdown.
Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles
Speaking at the St. Petersburg International Economic Forum (SPIEF), Putin said countries “friendly to Russia” were the ones that deserved special attention.
U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%
Nonfarm payrolls were expected to increase by 190,000 in May, according to economists surveyed by Dow Jones.
Stocks making the biggest moves premarket: GameStop, Lyft, Vail Resorts and more
These are some of the stocks posting the largest moves in premarket trading.
The U.S. added 600,000 new millionaires last year as AI fueled markets
America’s millionaire population grew 7.3% in 2023 to 7.5 million people, according to a report from Capgemini. Their combined fortunes grew to $26.1 trillion.
Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt
A group of Credit Suisse bondholders have filed a lawsuit over the Swiss government’s decision to write down the failed bank’s Additional Tier 1 debt.