US consumer watchdog: proposed 'open banking' rule due this month
The top U.S. agency for consumer financial protection will release a much anticipated regulatory proposal later this month
2023-10-06 23:24
Treasury yields wrecking-ball surge gets fresh fuel after blowout jobs report
By Davide Barbuscia NEW YORK The U.S. Treasury yield surge that has shaken markets in recent weeks may
2023-10-06 23:20
Treasuries Tumble With US Payroll Growth Blowing Past Estimates
The bond market’s selloff accelerated after a surge in US hiring raised expectations that the Federal Reserve will
2023-10-06 22:58
ECB’s Knot Says He’s Comfortable With Current Policy Stance
European Central Bank Governing Council member Klaas Knot said he’s content with existing monetary-policy settings as officials seek
2023-10-06 22:56
China’s New PBOC Chief Faces Big Test on World Stage
Pan Gongsheng is set for a key appearance on the international stage next week, presenting the biggest opportunity
2023-10-06 22:53
Here's why the shockingly good jobs report is going to cost you
The US economy feels lousy for so many people. So you'd think some really, really, shockingly good news about the job market would give Americans' spirits a boost.
2023-10-06 22:47
SoftBank’s Arm Faces Wall Street Scrutiny After Biggest US IPO Since 2021
Major Wall Street bank analysts will begin weighing in on one of the most-watched initial public offerings in
2023-10-06 22:23
Auto workers worry it takes less labor to build electric cars. Maybe not, some researchers say
A traditional car engine is a complex wonder of engineering, with pistons moving up and down, springs compressing and decompressing, spinning shafts, opening and closing valves and spinning gears meshing together. That's not to mention a transmission, connecting the engine to the wheels, that's a complex machine all its own. An electric motor, on the other hand, is really just some magnets wrapped in wires and it only needs a single speed transmission. That simplicity worries the United Auto Workers union.
2023-10-06 21:58
UAW strike decision day comes as bargaining heats up
By Joseph White DETROIT United Auto Workers President Shawn Fain is scheduled to say later on Friday whether
2023-10-06 21:50
Pioneer shares jump on merger talks with Exxon
Shares of Pioneer Natural Resources rose 10% in premarket trading on Friday following reports that top U.S. oil
2023-10-06 21:26
Ten-year yields highest since 2007 on strong jobs report
By Karen Brettell NEW YORK Benchmark 10-year U.S. Treasury yields hit 16-year highs on Friday after data showed
2023-10-06 21:25
Further Fed rate hike comes into view as job growth accelerates
Traders on Friday raised bets that the Federal Reserve will hike interest rates before the end of the
2023-10-06 20:58