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Wage growth is picking up, and the jobs report showed a new postrecession milestone for Americans' paychecks.
According to the GDP report, business investment showed signs of stalling even after the biggest corporate tax overhaul in 30 years.
Stocks tumbled — here's how the carnage compares to the worst days for the Dow in history.
The low unemployment rate shown in Friday's jobs report added to evidence of a booming economy, now in a record eighth straight year of monthly job gains. It also showed the labor market continuing to tighten, perhaps eventually pressuring companies to pay workers more.
Global bond yields just spiked to multiyear highs — and it’s fueling everyone’s biggest fear about markets
US 10-year Treasurys surged Thursday to their highest level since mid-2011. Strong economic data fueled expectations that the Federal Reserve would hike rates quicker than expected. That's negative for risk assets because tighter liquidity is one of the market's biggest fears.
Companies are sticking to a practice that Warren Buffett and other business titans warn is damaging the economy
Berkshire Hathaway CEO Warren Buffett has long decried Wall Street's short-term thinking. A new report from S&P Global Market Intelligence found that one such practice prevailed last year at a rate not seen since 2008.
US wage growth remains weak given the low level of unemployment, suggesting the job market still has room for improvement.
The US jobs report released Friday showed that wages increased in August at their fastest year-on-year pace since the Great Recession. The report also showed that employers added more nonfarm payrolls than had been forecast, while the unemployment rate remained at an 18-year low of 3.9%.
Bitcoin dropped sharply Wednesday, losing $500 of value in just over an hour. Other cryptocurrencies fell even more sharply, with both ether and Ripple's XRP losing about 12%.
Only 27% of US consumers said they felt confident that social media companies were keeping their data secure, while 37% said they did not, according to a survey.