Fed to wait and see on inflation

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

A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May. 

Stocks rise; compensation outpaces productivity; slowdown could push prices higher; imports fall. 

Stocks close lower; job openings trending lower over the last year; logistics sector expands; business inventories lower than last year. 

We close out the trading week by assessing the latest round of jobs data, and what the numbers indicate about the health of the US labor market. Plus, take an inventory of tariff announcements, preview next week’s inflation readings, and reflect on recent equity market volatility ...  Show more

The S&P notching its best day since November 2022, as stocks surge after this morning’s better than expected jobless claims data. But could there be some magnificent trouble brewing under the rally’s surface? Plus office demand turning a corner. Manhattan office buildings seei ...