Corporate debt defaults soared 80% in 2023, could be high in 2024
Javier Ghersi | Moment | Getty Images Corporate debt defaults soared last year and could be a problem again in 2024 as cash-strapped companies deal...
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an unexpected drop last week. Initial...
Prices rose 0.3% higher than expected, annual rate at 3.4%
Prices that consumers pay for a variety of goods and services rose more than expected in December, according to a Labor Department measure Thursday that...
Private payrolls added 164,000 in December, beating expectations, ADP says
Hiring in the private sector rose at a faster-than-expected pace in December, closing out a strong 2023 for the resilient U.S. jobs market, ADP reported...
Job openings nudged lower, down to 1.4 per available worker
A job seeker visits a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. A new Kentucky law cuts the maximum duration...
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on September 20, 2023 at the Federal...
Powell says Fed is ‘not confident’ it has done enough to bring inflation down
Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of inflation but are unsure whether...
Treasury details plans to step up size of bond sales to manage growing debt load and higher rates
The Treasury Department announced plans Wednesday to accelerate the size of its auctions as it looks to handle its heavy debt load and with financing...
JPMorgan Chase CEO Jamie Dimon warns this is ‘the most dangerous time’ for the world in decades
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in...
Consumer prices rose 0.4%, more than expected
Prices that consumers pay for a wide variety of goods and services increased at a slightly faster-than-expected pace in September, keeping inflation in the spotlight...