Labor unions and experts say Thursday’s high court’s decision is a blow to U.S. workers’ rights and could discourage future strikes during a time when labor organizing is seeing an uptick.
Market Extra: WeQuit: WeWork bonds sink after top executives resign from cash-burning company
WeWork bonds are sinking deeper into distressed territory after its CEO and CFO left the cash-burning company in recent weeks.
Economic Report: Mortgage rates rise to highest level in six months. ‘Demand is likely to weaken,’ Freddie Mac says.
Mortgage rates jumped as the U.S. economy remains ‘buoyant,’ Freddie Mac’s chief economist said.
Currencies: Debt-ceiling worries fade. Can the U.S. dollar keep its rebound alive?
As U.S. debt ceiling worries appear to calm down, traders are now shifting their focus back to the Federal Reserve to gauge the dollar’s next move.
Project Syndicate: America’s debt-ceiling debacle is far from over
U.S. politicians have little incentive to compromise, writes Kenneth Rogoff.
Lawrence G. McMillan: The stock market is finally showing positive signs — unless it’s just another head-fake
The S&P 500 has struggled to stay above 4200, and there’s resistance at 4300.
Market Extra: Monthly jobs data is driving large swings in U.S. stocks this year. Will it happen again on Friday?
The U.S. Department of Labor’s monthly labor-market updates have been driving outsize swings in stocks since the start of 2023, a sign that one of the most closely watched economic data reports has regained some of the relevance it had ceded to the inflation data last year.
Personal Finance Daily: Freddie Mac says ‘demand is likely to weaken’ as mortgage rates rise to highest level in six months and banks are raking in billions of dollars from overdraft fees
Thursday’s top personal finance stories.
Economic Report: Bank borrowing from Fed rises slightly to $97.6 billion as financial stress lingers
The amount of money banks borrowed from the Federal Reserve edged up to $97.6 billion, indicating the U.S. financial system remains under duress.
Earnings Results: SentinelOne stock plummets more than 35% as annual guidance slashed, layoffs planned
SentinelOne Inc. shares dove more than 35% in after-hours trading Thursday, after the security-software company’s executives slashed their annual guidance.
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