U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
America’s ranks of retirement fund millionaires are surging, with the number of 401(k) accounts managed by Fidelity Investments holding at least $1 million surging to a record 769,000 in the second quarter. The number of 401(k) millionaires jumped 19% between the first and second quarters, lifted by a bullish stock market and by record average…
Gloria Steinem, a co-founder of Ms. Magazine and a trailblazing figure of the women’s liberation movement in the latter half of the 20th century, has died. She was 92. The Gloria Steinem Foundation said in a social media post Thursday that she “passed away peacefully at her home in New York City, surrounded by some…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
Index investing pioneer David Booth has a simple message for people navigating volatile financial markets: Stay calm and keep investing. Booth, a billionaire several times over whose Dimensional Fund Advisors manages $1 trillion, expands on that advice in a new book, “Stay Calm: Learn to Embrace Uncertainty in Investing and Life,” scheduled for publication on Sept….
Federal Reserve Chairman Kevin Warsh reaffirmed the central bank’s commitment to lowering consumer prices, acknowledging that inflation remains too high in a highly anticipated speech in Jackson Hole, Wyoming. During remarks at the Fed’s annual conference, Warsh said that recent government data shows inflation has cooled, but “they do not tell me that underlying trends…
Europe’s soccer governing body is asking a U.S. federal court for permission to obtain testimony and documents from FIFA entities in Florida that it could use in a planned criminal complaint against embattled FIFA President Gianni Infantino. In a court filing on Thursday, UEFA said it is preparing a criminal complaint in Swiss courts against…
The Personal Consumption Expenditures index — the Federal Reserve’s preferred inflation measure — held at a 3.7% annual pace in July, slightly higher than forecasted and reflecting persistent cost pressures for consumers. Economists polled by FactSet had predicted a 3.6% annual increase. Wednesday’s report instead showed that inflation remained unchanged from June. PCE tracks changes…
In the thick of his competitive reelection race in Michigan, Republican Rep. Tom Barrett joined Health and Human Services Secretary Robert F. Kennedy Jr. at a sprawling 400-acre apple orchard, farm, and winery. They touted Trump administration efforts to improve the American diet, including the removal of some artificial dyes from processed foods. “We had…
The Department of Justice said on Friday that TikTok and China’s ByteDance have agreed to pay $400 million to settle claims that the social media platform violated U.S. children’s online privacy laws. The agency sued TikTok in 2024, alleging that it violated the Children’s Online Privacy Protection Act by collecting and retaining data from its…
