New Chairman of the Federal Reserve Kevin Warsh arrives during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. Aaron Schwartz | Afp | Getty Images Another big jobs report in May has pretty much swept aside the possibility of interest rate cuts anytime soon … Read more
Job growth unexpectedly surged in May as the U.S. labor market continued a solid year of expansion, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls jumped a seasonally adjusted 172,000 for the period, down slightly from the upwardly revised 179,000 in April and far above the Dow Jones consensus estimate for 80,000. The unemployment … Read more
The next massive gains in artificial intelligence may come from thousands of miles away. Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management, is urging investors to look beyond their backyards to the emerging markets. “[It’s] where a lot of the big money can be made on the AI trade,” he told … Read more
Check out the companies making the biggest moves premarket: Lululemon Athletica — Shares sank 13% after the athleisure company lowered its full-year earnings and revenue guidance , citing headwinds. The company’s current-quarter earnings and revenue guidance also came below what analysts were expecting, per LSEG. Docusign — The software stock slipped 4% after Docusign’s outlook … Read more
A job seeker visits the recruiting booth for Generali Global Assistance during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026 in Sunrise, Florida. Joe Raedle | Getty Images The stronger-than-expected start this year for job creation could be in for a reality check when the Bureau … Read more
Corporate America is trying to figure out how to rein in rising artificial intelligence spending. That’s helping payment software giant Ramp. The spend-management company announced a $750 million funding round at a $44 billion valuation on Thursday. The round was led by ICONIQ, GIC and Ontario Teachers’ Pension Plan, and marks a roughly 38% step … Read more
In recent weeks, Parker Taylor reached a grim milestone in his work history. The 29-year-old had been employed consistently since he was a teen, first on a factory floor and most recently in medical sales. But the St. Petersburg, Florida, resident hasn’t been able to land a new gig after losing his job shortly before … Read more
Check out the companies making the biggest moves in premarket trading: Broadcom — Shares tumbled 15% after the chipmaker reported fiscal second-quarter revenue of $22.19 billion, short of the $22.27 billion expected from analysts polled by LSEG. This marked Broadcom’s first revenue miss since December 2024. The company’s $7.18 billion infrastructure revenue also missed the … Read more
U.S. President Donald Trump speaks during an event in the Oval Office of the White House on June 3, 2026 in Washington, DC. Kevin Dietsch | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome to the latest edition of the Daily Open newsletter. Traders in Asia are evaluating another round … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | Reuters U.S. Treasury yields moved higher on Wednesday after the latest ADP report came in stronger than expected and as oil prices saw gains. The yield on the 10-year Treasury note — … Read more