Economists expect U.S. nonfarm payrolls to have grown by 706,000 jobs in June, with the unemployment rate falling from 5.8% to 5.6%, according to a Dow Jones survey.  Though the headline jobs figure is a key economic indicator, traders will likely be scrutinizing the change in average hourly earnings for any sudden uptick in wages. European markets are heading for […]

SEOUL (Reuters) – South Korean President Moon Jae-in exchanged letters exploring prospects for a summit with North Korean leader Kim Jong Un ahead of his own meeting in May with U.S. President Joe Biden, the South’s JoongAng Ilbo newspaper said on Friday.Slideshow ( 2 images )Moon had hoped to use the meeting with Biden as a chance to revive stalled […]

China's recent moves to regulate its technology companies is a reflection of the difference in the way the Asian giant deals with regulatory issues as opposed to the West, says Andy Rothman, an investment strategist with Matthews Asia.  "The Chinese experience has been instead, to say to entrepreneurs, go ahead and give this a try. And then we'll step in […]

Slideshow ( 2 images )WASHINGTON (Reuters) – The United States said on Thursday that China’s rapid build-up of its nuclear forces was “concerning” and called on Beijing to engage with it to reduce “the risks of destabilizing arms races.” State Department spokesperson Ned Price told a news briefing the build-up had become more difficult for China to hide and it […]

NEW YORK (Reuters) – Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in more than four years.FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford/File PhotoLarge oil […]

FILE PHOTO: The Robinhood App is displayed on a screen in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration/File Photo(Reuters) – Robinhood, the online brokerage at the center of Wall Street’s recent retail trading frenzy, on Thursday disclosed paperwork for its flotation on the Nasdaq, setting the stage for one of the most hotly anticipated initial public offerings of the […]

"Big Short" investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of previous decades, Barron's reported. "We're running out of new money available to jump on the bandwagon," Burry told Barron's. Burry was one of the first investors to spot and profit from the subprime mortgage crisis. In this article AMC […]

PARIS/VIENNA (Reuters) – Iran has been restricting U.N. nuclear inspectors’ access to its main uranium enrichment plant at Natanz, citing security concerns after what it says was an attack on the site by Israel in April, diplomats say.FILE PHOTO: A view of the Natanz uranium enrichment facility 250 km (155 miles) south of the Iranian capital Tehran, March 30, 2005. […]

Thursday’s futures were somewhat mixed, after the broad markets have seen multiple record-setting sessions this week. Part of the positive push on Wednesday came from some economic numbers showing better than expected job growth, but investors are still holding their breath for the June employment report that comes out Friday. However, Wednesday’s private payrolls and Thursday’s jobless claims seem to […]