The U.S. job engine slowed in January while unemployment hit an eight-year low and wage growth accelerated, complicating the outlook for Federal Reserve officials as they assess whether the economy is strong enough for further interest-rate increases.
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.
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.
U.S. stocks declined broadly Friday, led by a rout in technology shares, capping a week that reflected investors' caution amid a murky picture of the U.S.
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.