November jobs report to test soft landing narrative
The November jobs report is set for release Friday morning and is expected to show a reacceleration in job growth after worker strikes impacted the October report.The monthly labor report from the Bureau of Labor Statistics, set for release at 8:30 a.m. ET, is expected to show...
Stock market news today: Stocks slide, oil hits 5-month lows
Why a call for 5,100 on the S&P in 2024 may not be that bullishOne of Wall Street's most bullish strategists headed into 2024 doesn't actually see his stance as that bullish.Deutsche Bank's chief US equity strategist Binky Chadha sees the S&P 500 hitting 5,100 by the end of...
‘Hopefully it’s going to look very different’: Lawmakers and CEOs...
During Wednesday’s highly anticipated hearing with America’s big bank CEOs, the controversial capital requirements proposed by the Federal Reserve came up again and again.While many staked out familiar positions, either fully in favor or fully opposed to the provisions,...
AI: What’s next in 2024
It’s been a little more than a year since OpenAI’s ChatGPT hit the web, setting off an explosion in interest in generative AI. In the months since, tech giants including Microsoft (MSFT), Google (GOOG, GOOGL), Amazon (AMZN), Meta (META), and others have debuted or announced...
Why Americans are more bummed out than ever
If America had a national mood, it would be gloom.Things aren’t so bad, according to the data. Yes, inflation has been a problem, but it’s coming under control and many other things are going right. The job market remains strong, unemployment is low, the economy is growing, and...