NEW YORK Global stock markets slumped and the U.S. dollar rallied on Friday after a key U.S. jobs report painted a mixed picture of the labor market and left investors with a muddled view on interest rate hike prospects.
Treasury two-year notes fell as a report showing stronger U.S. wage growth in January prompted traders to boost wagers that the Federal Reserve will raise interest rates in 2016.
When Wang Dehong saw the female boss of a Chinese online lender interviewed on state television CCTV, promising both safety and high returns, the stay-at-home mom thought she had found her ideal investment.
The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014.
KIMBALL, W. Va. - To hear Mary Francis Matney tell it, Walmart didn't kill the once-vibrant cluster of shops next to a railroad and a creek in the faded old coal town of Kimball, W. Va.