10-year Treasury yield soars after jobs report blows past expectations

U.S. Treasury yields jumped Friday as investors digested a better-than-expected September jobs report. The 10-year Treasury…

East Coast port strike: Truckers, rails scramble to move billions in cargo before ILA union midnight shutdown

Shipping containers stacked at a storage yard outside of the APM Terminals yard at the Port…

Trump, Harris inflation arguments are questionable, Chicago Fed president says

Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023. David A. Grogan | CNBC Chicago…

UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible

Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images ZURICH,…

Sahm rule creator doesn’t think that the Fed needs an emergency rate cut

The U.S. Federal Reserve does not need to make an emergency rate cut, despite recent weaker-than-expected…

As inflation cools, estimate for 2025 Social Security cost-of-living adjustment goes down

A shopper scans coupons in a grocery store in Washington, D.C., on May 23, 2024.  Tom…