Online shoppers spent more than $200 billion for the holidays for the second-straight year, breaking another record, with sales spiking above $11 billion on Cyber Monday alone, according to data Read more
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ADP says 235,000 private-sector jobs created in December
The numbers: Private-sector employment rose by 235,000 in December, payroll processor ADP said Thursday, in a sign that many companies are still hiring and the labor market remains strong. Economists Read more
House adjourns until Thursday as new rounds of voting keep failing to elect speaker
The U.S. House of Representatives voted on Wednesday night to adjourn until 12:30 p.m. Eastern on Thursday, with the move coming as lawmakers have been unable to elect a new Read more
No Fed official expects an interest-rate cut to be appropriate this year, meeting minutes show
None of the 19 top Federal Reserve officials expect it will be appropriate to cut interest rates this year, according to the minutes of the central bank’s December policy meeting, Read more
ISM shows weakness in U.S. factory activity spreading in December
The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more
U.S job openings stay high at 10.5 million and show labor market still very strong
The numbers: Job openings in the U.S. fell slightly to 10.46 million in November, but workers were still quitting in droves in a sign the labor market remains quite strong — Read more
ISM shows weakness in factory activity spreading in December
The numbers: A closely-watched index that measures U.S. manufacturing activity slipped to 48.4 in December from 49 in the prior month, according to the Institute for Supply Management on Wednesday. Read more
Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few meetings,” Read more
Damar Hamlin supporters have contributed $6 million to a GoFundMe campaign
Long before Buffalo Bills player Damar Hamlin went into cardiac arrest during Monday night’s NFL game against the Cincinnati Bengals in Cincinnati, he was behind a 2020 GoFundMe campaign to Read more
What does the stock market’s rocky 2023 start mean for the rest of the year?
The first trading days of January loom large on Wall Street as being able to foretell the U.S. stock market’s direction for the full year. What does that mean for Read more