Productivity increases in the third quarter

Productivity increases in the third quarter

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There’s a bit less sizzle in the labor market

The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marc ...  Show more

Fed to wait and see on inflation

Markets hit new highs; Fed minutes show a wait and see approach to rate cuts; Labor market shows more signs of slowing; Skydance-Paramount deal back on. 

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Productivity increases at slower pace
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Stocks rise; compensation outpaces productivity; slowdown could push prices higher; imports fall. 

Nvidia revenue hits record
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Stocks jump; Nvidia points to demand for AI software; existing home sales rise; initial unemployment claims fall. 

Manufacturing activity expands
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Stocks close mixed; new manufacturing orders pick up; business optimism increases; mortgage applications rise 

Stocks extend run
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Markets hit new highs; Markets anticipate inflation data; Corning pops on AI strength; TSA screens record number passengers.