The economy is expected to have added 200,000 jobs in December, less than November, but still strong enough to keep the Fed aggressively fighting inflation.
Samsung’s profit could nosedive in the fourth quarter as memory prices have plunged sharply amid a lack of demand.
Mainland China’s reopening came sooner than expected for investors, and Goldman Sachs warns it will bring a short-term strain in workforce and supply chains.
Nearly 161,000 nursing home residents have died from Covid since 2020.
Copper — traditionally seen as a leading indicator of economic health because of its use in many sectors — has unsurprisingly had a rough year. Yet analysts expect a resurgence in 2023.
Consumer inflation likely cooled in November, but prices continue to rise at a still high rate, particularly for services.
The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago.
Pfizer said the FDA has accepted its RSV vaccine candidate for review under an expedited process that reduces the approval process by four months.
Black Friday shoppers bought Apple products, espresso machines and gaming consoles, as well as toys from Funko, Hatchimals and Squishmallows.
Treasury yields fell on Tuesday as markets after October’s producer price index figures came in less than expected, indicating inflation may be slowing
Shares of Roblox fell in premarket trading Wednesday after the company reported a third-quarter loss but beat analyst estimates for revenue.
Nonfarm payrolls were expected to increase by 205,000 in October, according to Dow Jones estimates.