Chart of the Week: Pessimistic consumers are suddenly feeling better
This is The Chart of the Week from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:Friday’s consumer sentiment index, out from the University of Michigan, showed a 13% jump in how people feel about the economy, surprising investors...
November jobs report: Unemployment unexpectedly declines in November as US...
The unemployment rate unexpectedly fell in November, reflecting signs that the labor market may not be cooling as quickly as many had initially thought.Data from the Bureau of Labor Statistics released on Friday showed the unemployment rate was 3.7% for the month, down from 3.9%...
Paramount stock surges more than 14% after new report floats breakup...
Paramount Global (PARA) stock surged as much as 14% on Friday after Deadline reported late Thursday private investment firm RedBird Capital, along with Skydance Media CEO David Ellison, were looking to acquire National Amusements' voting shares and take control of the media...
Solar stocks poised for comeback in 2024
Solar stocks have gotten decimated this year amid high interest rates spurred by the Federal Reserve to tame inflation. Customers have been reluctant to spend on installations, and companies' investment projects have gotten more expensive.A policy change that lowered solar...
Stock market news today: Stocks on six-week win streak after strong jobs report
Stocks closed out the first full trading week of December with a win on Friday as investors assessed the US monthly jobs report in a positive light, embracing the case that the Federal Reserve will start cutting interest rates next year. Stocks turned positive as market watchers...