Cramer to Fed's Powell: Just admit you were wrong to hike rates so aggressively and move on
"The Fed chair should be bullied by the bond market. And the bond market is saying, 'Whoa, are you wrong,'" says CNBC's Jim Cramer.
"The Fed chair should be bullied by the bond market. And the bond market is saying, 'Whoa, are you wrong,'" says CNBC's Jim Cramer.
The Chinese yuan's tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency funds that have shut down this year, and it may be too small to hold out much hope for those that remain.
White House economic advisor Larry Kudlow said recent conversations with China "went very well."
The federal government hired 25,000 temporary workers in August in preparation for the 2020 Census, giving the overall jobs gain a big bump.
U.S. job growth slowed more than expected in August, reflecting the U.S. trade war with China and raising expectations for a Federal Reserve rate cut this month.
Wall Street eked out gains on Friday and the dollar lost ground as a weaker-than-expected U.S. jobs report tempered investor sentiment on the heels of China's announced economic stimulus plan.
U.S. stocks treaded water on Friday as underwhelming jobs data rounded off a week of mixed economic signals about the domestic economy, while a new stimulus plan from China helped ease some concerns around global growth.
Swiss drugmaker Roche sees sales rising in the longer term from medicines in its own pipeline, Chief Executive Severin Schwan told Reuters on Friday, adding he does not want or need to do takeovers to mitigate looming patent losses.
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."
Qualcomm Inc promised on Friday to bring 5G mobile phones to the masses with a high-end modem and said its chips would also power mid-price devices hitting the market next year.
While down rounds aren’t the end of the world, they do present a challenge for startup teams. Continue reading
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