Bloomberg Markets
US importers are rushing goods into the nation’s two busiest ports, pushing up ocean transport costs during the wait for more tariffs and an extended bout of economic uncertainty stemming from the Iran war.
Gene Seroka, CEO of the Port of Los Angeles, discusses port labor, innovation, and supply shocks impacting trade with the US. (Source: Bloomberg)
Yahoo Finance
Bloomberg Markets
Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday.
The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed.
Claudia Sahm, Chief Economist at New Century Advisors and Constance Hunter, Chief Economist at EIU, react to July jobs data. (Source: Bloomberg)
MarketWatch
The popular default investments may need to be more aggressive in order to fund decades of retirement.
Bloomberg Markets
The Commodity Futures Trading Commission told prediction markets to avoid using American-style gambling odds as the US regulator fends off legal challenges alleging the platforms are illicit sports betting operations.
Bloomberg Markets
The dollar fell Friday after soft US labor data reduced expectations that the Federal Reserve will raise interest rates in the near term.
Yahoo Finance
Yahoo Finance
Yahoo Finance
Yahoo Finance