Friday’s top personal finance stories.
Bond Report: Treasury yields jump after surge in U.S. job growth
Treasury yields jump Friday after a much stronger-than-expected U.S. January jobs report clouded investor expectations for the Federal Reserve to end its interest rate hiking cycle in coming months.
: Here’s why the jobs report was so good despite Big Tech layoffs
Amid a wave of Big Tech layoffs, the U.S. economy added more than half a million new jobs in January, the Labor Department said Friday. How did that happen?
: Carvana stock enjoys best week ever as ‘meme-like’ run continues
Carvana Co. shares did a U-turn Friday to continue their winning streak and finish their best week ever.
The Tell: A pre-jobs data bet may have have netted trader $10 million profit, report says
A bet on fed-funds futures just ahead of Friday’s January jobs report may have netted a trader a $10 million profit, according to Bloomberg.
Help My Career: How does a recruiter find a job for himself? This man sent out 39 applications in less than a month, and he’s not giving up: ‘I’m just throwing as many darts at the board as I can.’
The jobs report showed the economy added 517,000 jobs in January, nearly three times most estimates..
The Fed: Economists worry that the Fed thinks inflation and job market are joined at the hip
More economists think the relationship between inflation and the jobs market has broken down and are worried that the Fed doesn’t seem to think so.
Brett Arends’s ROI: Jobs report tells markets what Fed chairman Powell tried to tell them
Wall Street didn’t listen to Powell two days ago. Now look what happened.
Crypto: Charlie Munger would be more bullish on bitcoin if he had time to study it, Michael Saylor says
In an interview on Friday with CNBC’s ‘Squawk on the Street,’ co-founder and executive chairman of MicroStrategy Michael Saylor shared his thoughts on bitcoin.
The Margin: Stars of this year’s Super Bowl ads: Serena Williams, Kevin Hart and John Travolta
From ‘Caddyshack’ and ‘Clueless’ to ‘Grease’ and ‘Breaking Bad,’ spots celebrate films and TV shows from years past.