Friday’s jobs report may be better than the last two – but it’s still far from good.
After several consecutive months of job gains near or above 200,000, the streak came to an abrupt halt with the December jobs report – reminding everyone how fragile our economy still is.
Facebook (Nasdaq: FB) stock still has a lot to prove if it wants to win over value investors, but it took a big step in that direction Wednesday with the announcement of its addition to both the S&P 500 and S&P 100 Indexes.
After two years of review and lengthy revisions, all five regulatory agencies unanimously passed the controversial Volcker Rule on Tuesday.
Why gold is up today: Gold prices on Tuesday morning staged the biggest advance since mid-October. Gold prices ended Tuesday’s session sharply higher, hitting a three-week high. February gold gained $28, or 1.5%, at $1,262.20 an ounce. Spot gold added $22.70 to reach $1,263.50 an ounce.
The Government Accountability Office (GAO) has been touting a “modest” $394 million price tag for the flailing Obamacare website, but the truth is that the Obama administration has awarded contracts totaling over $1 billion in U.S. taxpayer dollars, a Bloomberg Government Analysis (BGOV) found.
Good news is actually good news on Wall Street today.
Stocks rallied Friday following a robust November jobs report that showed U.S. employers continued to add jobs at a steady pace last month, which pulled the unemployment rate down to a five-year low at 7.0%.
It’s been another painful week for the precious metal amid what’s been one tough year for gold bulls.
Gold futures ticked up Friday, following a two-day dip that left gold prices at levels not seen since early summer.
In mid-afternoon trading, gold for December delivery inched up 0.13%, or $1.60, to $1,240.90.
The JPMorgan Chase & Co. (NYSE: JPM) $13 billion settlement finalized Tuesday tops the list of the biggest corporate fines ever in the United States.
The fact that this week’s $13 billion JPMorgan settlement was a record between a U.S. company and the government is not the most notable part of this deal…
What’s more shocking about this record-high settlement is that more than half of it could be tax-deductible.