The US added 275,000 jobs in February, according to the government’s...
The US added 275,000 jobs in February, according to the government’s latest jobs report, which dropped yesterday. That’s more than was expected, signaling a still-hot labor market. But elsewhere, there were signs of cooling: The unemployment rate rose to 3.9%, and wage growth slowed down. This makes the report something of a choose-your-own-adventure tale for those hoping to use it to guess what Jerome Powell might be thinking about cutting interest rates.
Good morning. Tomorrow is the start of daylight saving...
Good morning. Tomorrow is the start of daylight saving time, which means a) an extra hour of light in the evening.
Apple reversed its earlier decision to block Epic Games’s developer account in Sweden. Permitting the account will let the Fortnite-maker create its own app store for European iPhones.
OpenAI reinstated Sam Altman to its board and said it has “full confidence” in his leadership following the conclusion of an investigation into what led to his brief ouster as CEO in November.
Eli Lilly’s Alzheimer’s drug donanemab has run into an unexpected delay in getting FDA approval.
Donald Trump posted a $91.63 million bond to keep E. Jean Carroll’s attorneys from trying to seize his assets as he appeals a ruling that he owes her $83.3 million for defamation.
Akira Toriyama, who created the best-selling anime Dragon Ball, has died at age 68. His work was so popular that it once caused a diplomatic incident between Japan and Mexico.
Rupert Murdoch is engaged to Elena Zhukova, a retired scientist who is reportedly the former mother-in-law of Russian oligarch Roman Abramovich. It’s the sixth engagement and will be the fifth marriage for the 92-year-old media mogul.
U.S. stocks close lower to book weekly declines after February jobs data
U.S. stocks ended lower on Friday after investors assessed February...
U.S. stocks ended lower on Friday after investors assessed February jobs data, with all three major indexes booking weekly declines, according to preliminary data from FactSet.
The Dow Jones Industrial Average closed 0.2% lower, while the S&P 500 fell around 0.7% and the technology-heavy Nasdaq Composite dropped 1.2%, preliminary FactSet data show.
The S&P 500 snapped back-to-back weekly gains after Friday’s employment report showed stronger-than-expected jobs creation in February, a slightly higher unemployment rate of 3.9% and cooler wage growth last month.
For the week, the Dow fell 0.9%, while the S&P 500 slipped 0.3% and the Nasdaq dropped 1.2%.
Prairie chicken listing sparks debate, solutions in Okla.
The Endangered Species Act listing of the lesser prairie chicken is facing...
The Endangered Species Act listing of the lesser prairie chicken is facing pushback from Oklahoma officials, ranchers and oil and natural gas companies, which cite burdensome restrictions on land use and energy development. Amid the ongoing debate and concerns about habitat preservation, one firm has launched a privately financed conservation program that provides energy developers with conservation credits to offset potential impacts on the species.
Greater proppant use boosts Crescent's Uinta oil ops
An updated completion design that uses twice as much proppant per foot...
An updated completion design that uses twice as much proppant per foot has enabled Crescent Energy to drill significantly larger wells in the Uinta Basin while reducing costs by 35% per barrel of oil equivalent, according to Crescent CEO David Rockecharlie. Rockecharlie anticipates accelerated activity and production growth in the basin as its resource potential and reserve life continue to expand.
