Business

Private payrolls rise 692,000 in June, easily topping expectations

People seeking employment wait to speak to a recruiter at the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds. More

Business

Biden infrastructure plan would cut U.S. debt, add to GDP: Wharton study

U.S. President Joe Biden delivers remarks highlighting the benefits of Bipartisan Infrastructure Framework, at La Crosse Municipal Transit Utility, in La Crosse, Wisconsin, U.S., June

Business

China’s crackdown on tech firms will hurt economic growth, says analyst

The Chinese government has gone “too far” in cracking down on large technology companies — that will hurt innovation and slow down economic growth, an

Business

Rising producer prices in China won’t likely drive up consumer costs, says JPMorgan

The recent surge in producer prices in China will not likely to drive up costs for consumers, says JPMorgan Private Bank’s Alex Wolf. “We don’t

Business

Stock futures are flat after S&P 500 closes at a record

U.S. stock index futures were little changed during overnight trading on Monday, after the S&P 500 and Nasdaq Composite closed at record highs. Futures contracts

Business

Fed Vice Chair Quarles casts significant doubt on establishing a digital dollar

With the Federal Reserve set to release a much-anticipated report this summer on the potential creation of a digital dollar, the central bank’s vice chair

Business

El-Erian says the Fed is behind on inflation and risks another recession if it is forced to catch up

Federal Reserve officials are underestimating inflation and risking that the U.S. could fall into another recession, Mohamed El-Erian, the Allianz chief economic advisor, told CNBC

Business

Top strategist opens market playbook for second half, sees turbulence

Wilmington Trust’s Meghan Shue is opening her playbook for the year’s second half — which starts Thursday. Her strategy includes an overexposure to cyclicals, and

Business

Inflation looks bad now, but it’s pretty much sticking to the script

Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images Under normal circumstances, the recent spate

Business

Solar companies may benefit with extreme weather set to stress the electrical grid

Dry land is visible, at a section that is normally under water, on the banks of Lake Oroville, which is the second largest reservoir in