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Stocks rise; gasoline and rent push up monthly inflation figures; small business owners more pessimistic; business owners report easier time finding workers.
The pilot program is now available to an estimated 19 million taxpayers; inflation rose to 3.2% in February; Southwest to reduce capacity amid fewer Boeing deliveries; Tyson Foods closing Iowa pork plant amid less consumer demand.
Stocks close mixed; people’s inflation expectations mostly unchanged; Reddit hoping to raise more than $750 million in IPO; inflation data due this week.
Commerce Secretary Raimondo is visiting the Indo-Pacific countries; Saudi Arabia’s Aramco reports $121 billion profit in 2023; Trump says he would continue to rely on tariffs if reelected; Justice Department launches probe of Alaska Airlines Max jet accident, WSJ reports.
Stocks fall; unemployment rate ticks up; average pay continues to outpace inflation; Costco sales rise.
The Labor Department reports the unemployment rate last month spiked up to 3.9%; New York Fed President John Williams says the “neutral interest rate”is still quite low; President Biden cites job creation and the low unemployment rate in his State of the Union speech; The Gap turns profitable.
Stocks rise; Powell says cutting rates will help the economy avoid a recession; imports rise in January; initial unemployment claims unchanged.
President Biden will call for higher taxes on corporations and billionaires; Red Sea missile attack kills three on cargo ship; initial jobless claims remain low at 217,000; NYCB customers withdrew 7% of deposits in a month, bank reports.
Stocks close higher; investment meant to stabilize NYCB; job openings unchanged in January; private sector adds 140,000 jobs.
A handful of big tech companies must comply with new European Union rules taking effect at midnight; job openings remain elevated at 8.9 million; Powell sees inflation risk in cutting rates too soon; hackers who attacked UnitedHealth may have run away with ransom payment.
From the publisher's feed
The Marketplace Minute® has concluded production as of July 2024.
The economy is changing so fast. It’s hard to keep up. Get the latest on what’s happening in the economy right now with two-times-a day briefings from Marketplace. More than just the numbers, we bring you the highlights from the most important stories about money, business and the economy. Subscribe to the Marketplace Minute® wherever you get your podcasts or add it to your Alexa flash briefing.

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