Business

What happened The stock of Teva Pharmaceutical Industries (TEVA 5.63%) closed out the trading week in style, popping by almost 6% on Friday. The generic-drug specialist was the subject of a recommendation upgrade from a noted financial institution, hence the share price rise. So what The institution in question is…

By Gabriela Sá Pessoa and Updated August 5, 2022 at 3:55 p.m. EDT|PublishedAugust 5, 2022 at 6:00 a.m. EDTPolice pressure on Crackland, the open-air drug market in downtown São Paulo that's one of the world's largest and oldest, has pushed dealers and users into adjacent neighborhoods. (Gui Christ for The Washington Post)Comment on this…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.Bitcoin And The S&P 500In our latest monthly report, which focused extensively on the evolving…

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Soaring inflation may be putting the frighteners on investors and consumers alike, but one group of traders is taking full advantage.Global macro hedge funds, made famous by the likes of George Soros and Louis Bacon, are enjoying their biggest gains in years as inflation unlocks some of their favourite trades in bond and commodity…

FOX Business' Edward Lawrence breaks down the July jobs report, which indicates 528,000 jobs were added to the U.S. economy. President Biden on Friday touted U.S. job growth, which unexpectedly accelerated in July, saying "more people are working than at any point in American history," and using jobs numbers to prove he has kept his…

But in reality, only workers in two industries -- leisure and hospitality and retail trade -- are actually coming out ahead, once inflation is taken into account.Overall, wages and salaries for private industry workers rose by 4.2% between December 2019 and this past June, before rising prices are considered, according to an analysis of…

By Julianne Geiger - Aug 05, 2022, 10:25 AM CDT Total nonfarm payrolls rose by 528,000 in July, well above expectations of a decline to 250,000. WTI crude jumped from $88 per barrel to well over $90 per barrel. U.S. dollar gained on the strong jobs report. …

It's a hot summer with a labor market to match. The question is no longer "is this a recession," but rather: "Is the job market too hot for the Fed's comfort?"Driving the news: The jobs slowdown economists have been expecting isn't materializing. Rather, the economy added 528,000 jobs in July — the strongest print since February, and double what…

West Virginia Attorney General Patrick Morrisey slams Presidents Biden’s latest effort to combat inflation, the Inflation Reduction Act, calling it ‘deeply disheartening’ on ‘Mornings with Maria.’ Senate Majority Leader Chuck Schumer called 230 economists who are warning that the Inflation Reduction Act is expected to contribute to…