U.S. stocks charged higher Friday morning as traders assessed monthly employment figures and weighed talks that China may ease COVID restrictions. The S&P 500 (^GSPC) bounced 1.4% at the start of trading but was poised for a weekly loss. The Dow Jones Industrial Average (^DJI) jumped 330 points, or 1%, while the technology-focused Nasdaq Composite (^IXIC) advanced 1.5%. The U.S. economy added 261,000 jobs in October, while September’s reading was upwardly revised to 315,000 from 263,000… Source link
Read More »Kyler Murray’s $46 million annual salary is almost the same as the Athletics’ 2022 payroll
We can finally put to bed the question of whether or not Kyler Murray made a mistake of picking football over baseball. After Murray signed a lucrative five-year, $230.5 million contract extension with the Arizona Cardinals on Thursday, his $46.1 million annual salary was almost that of the entire 2022 payroll of the Oakland Athletics — the same team that drafted him ninth overall in 2018. Yes, the Athletics are only spending $48.5 million this season. If you only look at the 26-man roster,… Source link
Read More »Payroll gains set to accelerate to 500,000 as jobless rate falls further
U.S. employers likely hired at a stronger rate in September after a disappointing August, with more individuals returning to the workforce as new coronavirus infections slowed and other pressures on the labor market at least temporarily abated. The Labor Department is set to release its September jobs report Friday morning. Here are the main metrics expected from the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls, September: +500,000 expected,… Source link
Read More »European stock markets slide ahead of US payroll report amid fears of rising interest rates
Traders were left disappointed last night after Federal Reserve chair Jerome Powell did not indicate that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates. Photo: Getty European stocks mostly fell on Friday amid fears of a rise in interest rates and a continued rotation out of growth stocks into the likes of industrials. The FTSE 100 (^FTSE) fell sharply after opening but recovered losses by mid-morning thanks to a steep fall in the pound. London’s… Source link
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