Unemployment rate dips to 4.1% as surge in hiring shatters expectations
An article from Dive Brief “The strong October jobs report should keep the Fed focused on inflation and on track to hike again in December,”...
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An article from Dive Brief “The strong October jobs report should keep the Fed focused on inflation and on track to hike again in December,”...
How employment changed by industry amid big structural shifts in the US economy. By Wolf Richter for WOLF STREET. Automation and computerization have been employment disruptors for many decades, and then came...
Stablecoins are becoming a distribution business before they have conclusively become a profitable payments business. And if stablecoins are a distribution business, then a new player might be trying to...
The party's success was fueled by frustrations over the cost of living. But in divided government, they'll face opposition from Republicans in Congress and a president vowing to use his veto pen.
By November 6, 2026 / 1:47 PM PST / CBS San Francisco Add CBS...
Tesla could be discontinuing its Cybertruck by next year after numerous recalls and underwhelming sales since its launch in 2023.Cybertruck production will be “winding down” at Tesla’s Texas factory around...
Three foreign nationals were arrested and charged with using AI to allegedly impersonate corporate CEOs and attorneys to steal over $100m, according to an indictment that was newly unsealed by the US...
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Israeli national Sharon Hazan and dual Israeli-Emirati national Guy Sheetrit, along with Spanish-British national Jacob Soall, were all charged with offenses related to money laundering and fraud.
watch nowFollowing tech's selloff on Wall Street this week, some investors are lowering their expectations for Anthropic. The artificial intelligence company had been looking toward a $2 trillion valuation in...
The Justice Department issued a statement on its clearance of Fox Corp.'s $22 billion aquisition of Roku, concluding that the transaction was "not likely to result in harm to competition."
Budget 2026 includes a large swath of tax changes, threshold and credit updates aimed at reducing the “time tax” Canadians pay every year to file their returns at tax season by making some elements...
By Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio November 6, 2026 / 3:50 PM EST / CBS News Add
Minnesota Attorney General Keith Ellison has filed a lawsuit to block the Trump administration from requiring the state to enforce new federal work requirements for Medicaid recipients, arguing the policy is...
Greece has approved a crypto tax framework with a €500 ($557) annual gains threshold and new rules for staking and DeFi income, but lawmakers left important questions about token swaps unresolved.
(Kitco News) – The results of the midterm elections were decisive, but the future path of the dollar and gold still remains largely in the hands of the Federal Reserve and the President, according to...
Charter Communications sees the writing on the wall. It reads: “You need to cut costs.” Charter, which is the home to Spectrum, calls itself “America’s Internet Company” — and for good reason. Charter is...
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The jobless rate for veterans fell to a stunning 2.7% in October as employers added 165,000 hires, far exceeding market estimates of 60,000-65,000 non-farm jobs, according to the monthly jobs report from the...
Today was an odd one for mortgage rates. Anyone who's been following the rate market for very long will tell you that the monthly jobs report is one of the most reliable source of volatility for rates. In general, when job growth is much stronger than expected, rates rise and vice versa. But in today's case, rates managed to hold perfectly flat despite the jobs report absolutely crushing expectations. Understand that no one who is offering a reason for this would have predicted this result if they knew the jobs numbers ahead of time and were simply asked to predict how rates would react. In other words, the only reason you're getting their explanations is because the paradoxical market reaction demanded a different narrative. The only things that were true both before and after the jobs report were as follows: The Fed recently said it was almost exclusively focused on the inflation side of its dual mandate (stable prices + maximum employment). Bonds/rates have been preoccupied taking cues from concerns about the tech sector and heavy selling in tech stocks. Bonds/rates/stocks are still in the process of making sense of this week's election results. Markets have been more interested in the unemployment rate component of the jobs report than the payroll count (it was the latter that really surged in today's data). None of these bullet points would have fully predicted the paradoxical resilience in rates today, but they perhaps help get us close to wrapping our minds around it. At the end of the day, the average lender was right in line with yesterday's levels--the lowest since September 22nd. [thirtyyearmortgagerates]
Nvidia’s hardware has been a specific target. In 2025, police investigated burglaries of Nvidia hardware, valued at more than $7.5 million, around Fremont and Union City, California. As reported by The...
Published November 6, 2026 11:53 AM PST LOS ANGELES - Millions of American workers are getting a built-in cushion against inflation heading into 2027. The Internal Revenue Service (IRS) has raised...
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