U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.
Apple Inc on Friday confirmed that Uighurs, a minority mostly Muslim group considered a security threat by Beijing, had been the target of attacks due to a set of iPhone security flaws, but disputed its rival Alphabet Inc’s description of the effort to track users of the smartphone in real time.
Wall Street advanced on Friday and Treasury yields pared their losses as upbeat remarks from Federal Reserve chair Jerome Powell and a Chinese economic stimulus package helped investors shrug off a weaker-than-expected U.S. jobs report.
U.S. stocks edged higher on Friday as China’s stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that capped a week of mixed economic signals.
U.S. stocks edged higher on Friday as a new Chinese stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that rounded off a week of mixed economic signals.
Dr. Michael Burry made a fortune shorting the real estate bubble in 2008. His bets against the subprime mortgage market were made famous in The Big Short, a bestselling book by Michael Lewis, which was later turned into a Hollywood movie starring Brad Pitt and Steve Carell.
Now Burry’s warning about another crash, which he says will be triggered by the rise of passive investing (buying very broad stock indexes like the S&P 500).
Passive index funds, led by the S&P 500 or the Russell 2000, now make up 45% of U.S. stock funds according to Morningstar via CNBC.
The other 55%, actively …read more […]
U.S. Federal Reserve Chair Jerome Powell on Friday defended the central bank against the suggestion it would use monetary policy to affect political outcomes or be moved to take action based on political considerations.
Apple Inc on Friday disputed the way that researchers at Alphabet Inc’s cybersecurity team characterized an iPhone security flaw that they said could be used to track users of the smartphone in real time.
A decline in interest rates on long-term U.S. government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be a reason stocks find support after a bruising August.
The Trump administration wants to see “near term results” from U.S.-China trade talks in September and October, White House economic adviser Larry Kudlow said on Friday, but he declined to predict any outcomes or say if U.S. tariff delays were possible.
U.S. job growth slowed more than expected in August, with retail hiring declining for a seventh straight month, but strong wage gains should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.
The U.S. Federal Reserve will continue to act “as appropriate” to sustain an economic expansion now in its 11th year, Fed Chair Jerome Powell said Friday in Zurich, repeating a pledge that financial markets have taken to signal a further reduction in interest rates.
The U.S. Justice Department is investigating whether the decision of four automakers in July to reach a voluntary agreement with California to adopt state emissions standards violated antitrust law, people briefed on the matter said on Friday.
A bipartisan group of state attorneys general will announce on Monday an investigation into large tech companies, like Facebook and Google, for potential violations of antitrust law, Texas Attorney General Ken Paxton’s announced on Friday.
The top lawyers at the Environmental Protection Agency and Transportation Department told the California Air Resources Board Friday that the state’s actions in connection with a voluntary emissions deal with four automakers “appear to be unlawful and invalid.”
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