Unemployment jumps to 4.4%

Wall Street posted its worst week since early October on Friday, as Nvidia’s blowout quarterly results failed to lift the AI trade and economic data presented a difficult situation for the Federal Reserve. Nvidia easily beat earnings expectations confirming that...

Wall Street finally listens

Wall Street closed out a volatile week lower fueled by worries about the AI trade and valuations.The pullback followed weeks of record highs and light data flow amid the prolonged government shutdown. Sentiment across the country is close to the lowest it has ever...

Gold wins as stocks tumble

The stock market on Friday slumped to their worst week since late May. The decline was primarily driven by a sharp sell off on Friday, triggered by the resurgence of trade war concerns. Heading into Friday, the S&P 500 was actually positive for the week and was...

Interest Rate Cut Arrives

On Thursday, the headline August consumer price index (CPI) came in hotter than expected.  CPI advanced to 2.9%, the largest increase since January, after climbing 2.7% in July. Consumer prices increased by the most in seven months in August amid higher costs for...

Labor Market is Cracking

Wall Street ended the week mixed as hopes of more aggressive Fed easing this year were balanced with concerns about a recession as the weakness in the labor market. On Friday, the August jobs report showed an anemic 22K rise in payrolls last month, while revisions...