U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year.
Major world stock indexes jumped and U.S. Treasury yields tumbled on Friday after a slowdown in U.S. job growth fueled hopes of a U.S. interest rate cut, while Washington's move to delay tariffs on Chinese goods added to equity market optimism.
FedEx Corp said on Friday it has decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express.
The Federal Reserve is just about done being patient.
Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut beyond June and as Wall Street rallied.
FedEx Corp said on Friday it has decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express, the unit that delivers packages on planes.
Weak U.S. hiring data led investors to raise bets on Friday the U.S. Federal Reserve will cut interest rates later this year to stave off a recession. Is the U.S. economy really showing signs of rolling over?
CNBC studied the net changes by industry for May jobs based on the data from the Labor Department.
Stocks that could be negatively impacted by tariffs on Mexico include: Acuity Brands, Brunswick Corporation, and Fortune Brands.
Amazon is likely to escape the increased scrutiny from federal regulators that the other big technology companies are currently facing, according to Stifel.
Medical identity theft costs the average American $13,500 to fix. How to protect yourself.
NASA is opening up the ISS for more business, laying out plans at the Nasdaq stock exchange on Friday.
Mexican President Andres Manuel Lopez Obrador on Friday reiterated his desire to avoid confrontation with the U.S. government and to stay friends with his U.S. counterpart Donald Trump amid the threat of a trade war over migration.
Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an internal investigation, but that the matter was under review by the U.S. Attorney's Office.
Talks between Mexico and the United States to stave off tariffs dragged on Friday as negotiators battled over a U.S. demand that Mexico accepts more Central American migrants under a concept know as "safe third country," two Mexican sources said.