Wall Street down after mixed labor market data
US stocks opened with losses, and a key jobs report did little to dispel the unrest surrounding the expected Fed rate cut.
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Wall Street gains after strong US growth data
Wall Street's major indexes rose as investors were relieved after data showed the U.S. economy remained robust, while Nvidia slipped as its largely on-track forecast failed to beat high expectations for the AI chip maker. According to a Commerce Department report, the U.S. economy grew faster than previously estimated amid strong consumer spending.
Wall Street slides after weak US housing market data
Wall Street's major indices fell after the S&P 500 and Nasdaq snapped a six-day winning streak after a series of encouraging economic data eased recession fears, while weak housing market data dampened sentiment. Equity markets came under some pressure after data showed that single-family home construction in the U.S. fell sharply in July, suggesting that … Read more
ABS reports 58,000 new jobs in July labour market data
The latest employment figures exceeded expectations, with tens of thousands of new jobs created in the Australian economy.
Entire US state sues GM for selling customer data
The US car company General Motors (GM) is being sued by the US state of Texas. The state accuses the company of collecting its owners' driving data without their consent and selling it to insurance companies. Reuters reported that GM installed OnStar in over 14 million vehicles to collect data about drivers, which was then … Read more
Wall Street falls slightly ahead of data flood
Wall Street's major indexes are trading slightly lower as investors refrained from placing big bets ahead of a deluge of data later in the week focusing on U.S. consumer prices. Eight of the eleven major S&P sectors were in negative territory, with losses being highest in the real estate and consumer discretionary sectors.
Hyundai and Kia are accused of selling owner data, leading to higher insurance premiums
A Hyundai owner has filed a lawsuit against both the Korean brand and Kia because the two companies allegedly shared driving data with insurance providers.
Wall Street opens higher as labor market data eases economic concerns
U.S. stocks opened higher after jobs data suggested fears of a labor market collapse were overblown.