Meta Platform's AI efforts are looking like the recipe for a comeback after an almost year-long drought in shares of the $1.7 trillion market-cap company.Shares of Mark Zuckerberg's social media giant jumped more than 6% Friday to the highest level since April, extending gains that began earlier this month when...
Year: 2026
U.S. job creation cools in June with payrolls growth of just 57,000; unemployment rate at 4.2%
The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.The unemployment...
Kevin Warsh names members of his Federal Reserve task forces, including Marc Andreessen, Doug McMillon
Federal Reserve Chairman Kevin Warsh on Thursday released names of the experts who will comprise five task forces to examine the institution's operations — a list that includes several prominent Wall Street names, business leaders and a wide expanse of academicians and former Fed officials.Warsh first disclosed his intention to...
Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era
A now hiring sign is posted in the window of a Chipotle restaurant on June 5, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesOn the surface, a June drop in the unemployment rate helped provide some upside to what was an otherwise downbeat jobs report — but it...
Iran conflict flare-up awakens bears in airline stocks, but there’s one big catch
President Donald Trump's declaration that a ceasefire with Iran is over has traders betting on gains in crude oil and losses in airline stocks.There's just one big catch: airline stocks are up since the war began.The U.S. Global Jets ETF is down 4% Wednesday, extending a two-day decline after challenging...