Bloomberg Markets
US job growth surged in August and the unemployment rate held steady, suggesting the labor market has more momentum than previously thought.
Claudia Sahm, Chief Economist at New Century Advisors, reacts to the jobs report. (Source: Bloomberg)
Bloomberg Markets
Portugal’s government will enter an additional round of negotiations with Deutsche Lufthansa AG and Air France-KLM over the sale of a minority stake in TAP as it seeks to secure improved offers from both airline groups.
Bloomberg Markets
French investigators, aided by Belgian officials, have seized more than €65 million ($75.5 million) as part of a tax probe into McKinsey & Co.
Yahoo Finance
Bloomberg Markets
On this episode of Stock Movers:
- Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations.
- Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk’s effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened a