The Summary The Labor Department's June jobs report showed employers added 206,000 roles last month, down from 218,000 in May. Unemployment ticked up to 4.1%, inching above 4% for the first time since November 2021 while remaining historically low. The labor market has defied long-running forecasts of a sharper pullback in hiring, though conditions are
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US stocks gained on Monday to start a consequential week that could provide key signals for the near-term path of interest rates. The S&P 500 (^GSPC) rose 0.1% and the tech-heavy Nasdaq Composite (^IXIC) climbed 0.3%, with each index managing to notch fresh records. The Dow Jones Industrial Average (^DJI) erased earlier session gains to
Tesla had a better-than-expected second quarter for car sales. The company Tuesday said it delivered about 444,000 vehicles to customers in the second quarter, down about 5 percent year-over-year but a 15 percent increase from the first quarter — and more than forecast by Wall Street analysts, who generally expected less than 440,000. Tesla shares
Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because
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SolarEdge tanks after customer that owes millions files for bankruptcy A Solarpro employee installs a SolarEdge Technologies inverter at a residential property in Sydney, Australia, on May 17, 2021. Brendon Thorne | Bloomberg | Getty Images SolarEdge fell more than 20% on Tuesday after disclosing that a customer that owes the company $11.4 million has
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Kenyan President Ruto withdraws controversial finance bill following deadly protests CNNKenya president backs down on tax hikes after deadly unrest ReutersKenya's Tax U-Turn Highlights Political Realities of Africa's High Debt Burden The Wall Street JournalWho Is Auma Obama? Former President's Sister Tear-Gassed In Kenya Protests ForbesKenyan President Rejects Bill That Led to Deadly Protests The New York Times...
Meme stock trader Keith Gill, aka "Roaring Kitty," failed to rally investors around GameStop with his first livestream in three years on Friday as the stock slumped 40%. GameStop shares plummeted after the video game retailer unveiled a share sale to raise up to $3 billion. Gill, meanwhile, told nearly 600,000 viewers on his YouTube
Shares of American Airlines (AAL) are sinking after the company cut its second quarter sales outlook. Yahoo Finance's Pras Subramanian reports more on the story and breaks down what it could indicate about the airline sector as a whole. For more expert insight and the latest market action, click here to watch this full episode