Author: super@dmin

U.S. stocks traded near session lows late-morning Friday as investors struggled to deal with rising rates and digested the September jobs report, which pointed to strength in the labor market but also underlined concerns about inflation. Major equity indexes are coming off one of their worst sessions in months. Where are the major benchmarks trading?…

Western Union Co. is aggressively expanding its digital services as the money-transfer giant tries to keep pace with competitors vying for international transfers. At stake in this digital race is a growing share of an industry that each year handles more than half a trillion dollars in remittances, in which money mostly flows from migrant…

Gold futures gained on Friday, padding their weekly advance, in the wake of a monthly report that showed the U.S. economy added less jobs than expected in September. The economy created a modest 134,000 new jobs in September. Economists polled by MarketWatch had expected a rise of 168,000 jobs. Still, it was enough to push…

Digital currency prices are trading mostly unchanged Friday, continuing what’s been a subdued week for the cryptocurrency market. Bitcoin, BTCUSD, +0.02%   the world’s largest digital currency, was changing hands at $6,547.89, down 0.1% since Thursday at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange. Bitcoin is working on one of its quietest weeks…

Treasury yields extended an assault on multiyear highs early Friday after a key jobs report showed tightening labor markets were leading to wage gains—a bearish development for bond bulls. See: Unemployment rate falls to 49-year low of 3.7% The Bureau of Labor Statistics reported the U.S. had added 134,000 jobs in September, below the 168,000…

LONDON — HSBC Holdings PLC on Friday said it has hired longtime Goldman Sachs Group Inc. banker Peter Enns as the global head of its financial institutions group, a senior hire for the bank six weeks after a group of employees complained to the bank’s board about a struggle to attract talent. Mr. Enns was…

It may have gotten lost in the shuffle of the Brett Kavanaugh saga or The New York Times bombshell about the Trump family’s financial dealings, but investors breathed a sigh of relief Oct. 1 when President Trump announced a new agreement under which the U.S., Mexico and Canada are expected to replace the North American…

A growing economy and low unemployment makes most people feel good about the future. But entrepreneurs and small business owners might want to exercise some caution. Overly optimistic business owners earn 30% less than those with below-average optimism, according to research from the University of Bath, the London School of Economics and Political Science and…

Stocks plunged and volatility spiked Thursday as a jump in U.S. Treasury yields spooked investors. But a seasoned market strategist maintained his bullish view on equities even as trading in the market at times took on signs of panic sales. “We still recommend investors to be overall overweight equities vs bonds. The current selloff in…

European stock benchmarks retreated Thursday, tracking a global equity pullback as a tumble in U.S. bond prices triggered global losses for assets perceived as risky as yields climbed. What are markets doing? The Stoxx Europe 600 SXXP, -1.08%  dropped 1.1% to close at 379.68, after closing up 0.5% on Wednesday. The declined represented the sharpest…