Business

The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in slowdown mode.Nonfarm payrolls grew by a seasonally adjusted 187,000 for the month, above the Dow Jones estimate for 170,000, the…

The August jobs report was another sign that the U.S. labor market is cooling off, though some of the sectors that have fueled the post-pandemic rebound remain strong.The U.S. Department of Labor said Friday that the economy added…

Dry cannabis flowers inside the packaging room at the Aphria Inc. Diamond facility in Leamington, Ontario, Jan. 13, 2021.Anne Sakkab | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Salesforce — The…

A 'help wanted' sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. Spencer Platt | Getty ImagesJob creation in the United States slowed more than expected in August, according to ADP, a sign that…

Check out the companies making headlines in midday trading.Best Buy — Shares popped nearly 4% after the retailer's fiscal second-quarter earnings beat on both the top and bottom lines. Adjusted earnings per share came in at $1.22, versus…

Shoppers walk by a Nordstrom sign at Westfield San Francisco Centre in San Francisco, May 11, 2023.Justin Sullivan | Getty ImagesCheck out the companies making the biggest moves midday:Nordstrom — The department store retailer sank 7.73%…

Business & Finance25 August 2023, 7:27 pm 1 minute China’s blue-chip CSI 300 Index jumped roughly 3% on Monday after the country confirmed a Reuters scoop on slashing stamp duty on…

Business & FinanceDeals25 August 2023, 7:11 pm 1 minute Reuters was first to report that Hostess Brands, the maker of Twinkies snack cakes, is exploring a sale after fielding takeover…

Maintenance workers in front of a housing development sign near new homes in Fairfax, Virginia, on August 22, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesBeing able to buy a home keeps getting harder.The National Association of…

Business & Finance25 August 2023, 2:00 pm 1 minute Reuters exclusively reported that China’s central bank has asked domestic banks to limit outflows into foreign bonds, the latest in…

Business & Finance24 August 2023, 10:40 am 1 minute Reuters was first to report when Turkey’s central bank shocked markets by hiking its interest rate by 750 basis points to 25%,…

Nvidia headquarters in Santa Clara, California, Feb. 23, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Nvidia — The chipmaker climbed 3,2% ahead of its quarterly report set…

An exterior view of the Nvidia headquarters in Santa Clara, California, May 30, 2023.Justin Sullivan | Getty ImagesCheck out the companies making headlines in midday trading.Palo Alto Networks — The security software provider jumped…

Commuters arrive into the Oculus station and mall in Manhattan, New York, Nov. 17, 2022.Spencer Platt | Getty ImagesThe amount of money most workers want now to accept a job reached a record high this year, a sign that inflation is alive…

Aerial photo shows a rural residential area in Chengdong town of Hai 'an City, East China's Jiangsu Province, April 1, 2023.Future Publishing | Future Publishing | Getty ImagesChina's real estate troubles are accelerating. Prospective…

The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China.Vcg | Visual China Group | Getty ImagesChina's economic model is "washed up on the beach" and "not going to take off again," which will have a…

Check out the companies making headlines in midday trading.Target — Target shares added 2.9% even after the retailer cut its full-year earnings forecast and second-quarter sales fell short of expectations. The company reported earnings…

Business & Finance16 August 2023, 7:58 pm 1 minute Reuters exclusively reported that Bridgewater Associates’ flagship fund had a bearish view on U.S. stocks in late July just as a…