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Stocks moved sharply higher over the course of the trading session on Friday as traders reacted to much better than expected U.S. jobs data. With the strong upward moves, the Nasdaq and the S&P 500 reached new record closing highs. The major averages saw further upside going into the clo…

Partly reflecting a jump in spending on public construction, the Commerce Department released a report on Friday showing a bigger than expected increase in U.S. construction spending in the month of September. The Commerce Department said construction spending climbed by 0.5 percent to an an…

Even with a strike by workers at General Motors (GM) weighing on manufacturing employment, the Labor Department released a report on Friday showing much stronger than expected U.S. job growth in the month of October. The Labor Department said non-farm payroll employment climbed by 128,000 jo…

For the third straight meeting, the Federal Reserve voted to cut interest by a quarter point on Wednesday, but a notable change to the accompanying statement suggests the central bank may put further monetary policy easing on hold. The Fed announced its widely expected decision to lower the …

U.S. economic growth slowed much less than expected in the third quarter, according to a report released by the Commerce Department on Wednesday. The Commerce Department said real gross domestic product increased by 1.9 percent in the third quarter after climbing by 2.0 percent in the second…

Payroll processor ADP released a report on Wednesday showing U.S. private sector employment increased by slightly more than anticipated in the month of October. ADP said private sector employment climbed by 125,000 jobs in October compared to economist estimates for an increase of about 120,…

A report released by the National Association of Realtors on Tuesday showed another significant increase in pending home sales in the U.S. in the month of September. NAR said its pending home sales surged up by 1.5 percent 108.7 in September after spiking by 1.4 percent to a revised 107.1 Au…

A new survey has found that consumers are planning to spend an average of $1,047.83 this holiday season, a 4 percent increase from last year. Shoppers in the age group of 35-44 will be spending the most - $1,158.63, according to the annual survey conducted by the National Retail Federation a…

Stocks recovered from an initial move to the downside and moved mostly higher over the course of the trading session on Friday. With the upward move, the Nasdaq and the S&P 500 reached their best closing levels in three months. The major averages pulled back off their highs of the sessio…

Following the lackluster performance seen in the previous session, stocks have moved sharply higher over the course of morning trading on Tuesday. The major averages have jumped firmly into positive territory after ending Monday's trading slightly lower. Currently, the major averages are jus…

Three researchers have been jointly awarded the 2019 Nobel Prize in Economic Sciences on Monday for their research in helping fight global poverty. The Royal Swedish Academy of Sciences said in a statement that it decided to award the Sveriges Riksbank Prize in Economic Sciences in memory of…

Stocks moved sharply higher over the course of the trading session on Friday, extending the strong upward move seen over the two previous sessions. With the rally over the past few sessions, the major averages more than offset the steep drop seen on Monday and Tuesday. The major averages pul…

With consumers anticipating larger income gains and lower inflation during the year ahead, the University of Michigan released preliminary data on Friday unexpectedly showing a continued improvement in U.S. consumer sentiment in the month of October. The report said the consumer sentiment in…

The United States and Japan signed two new agreements - on agricultural exports and digital trade - with a view to improving trade relationship between the two allies. President Donald Trump termed it as "a huge victory for America's farmers, ranchers, and growers," as they will have expande…

A closely watched report released by the Labor Department on Friday showed U.S. employment increased by less than expected in the month of September, although the report also showed the unemployment rate unexpectedly dropped to a nearly 50-year low. The report said non-farm payroll employmen…

Consumer sentiment in the U.S. rebounded by more than initially estimated in the month of September, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for September was upwardly revised to 93.2 from the preliminary reading of…

A report released by the Commerce Department on Friday showed U.S. personal income rose in line with economist estimates in the month of August, although personal spending inched up by less than expected. The Commerce Department said personal income climbed by 0.4 percent in August after tic…

The U.S. House of Representatives voted on Wednesday to approve a bill that would grant legal marijuana businesses access to the nation's banking system. The vote is seen as a major victory for the marijuana industry. The bill, called the Secure and Fair Enforcement or SAFE Banking Act, was …

The Commerce Department released its final report on U.S. gross domestic product in the second quarter on Thursday, showing the pace of GDP growth was unrevised from the previous estimate. The report said real GDP increased at an annual rate of 2.0 in the second quarter, unchanged from the p…

After initially showing a lack of direction, stocks climbed firmly into positive territory over the course of the trading session on Wednesday. The advance on the day came on the heels of the significant downturn seen in the previous session. The major averages pulled back off their highs go…

Setting aside speculation that a U.S.-Japan trade deal hit a last-minute snag, Japanese Foreign Minister Toshimitsu Motegi said an agreement has been reached between the two sides at an hour-long meeting he had with U.S. Trade Representative Robert Lighthizer on the sidelines of the U.N. Gen…