Stocks rose Friday and the Dow crossed the 11,000 level for the first time since early May. September’s dismal jobs reports raised traders’ expectations for another round of monetary easing from the Federal Reserve.
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The economy lost 95,000 jobs in September, because the private sector hired only 64,000 workers while governments cut 159,000. The jobless rate remains 9.6%. Minus the usual boosts from housing and consumers, the U.S. still lac…
In Asia Thursday the Nikkei 225 Index edged down 0.1% to 9,685 and Hong Kong’s Hang Seng Index remained virtually unchanged at 22,884. Markets in China remained closed.
Continue reading Higher U.S. Unemployment…
“More food stamps? Or more paychecks?” Former Speaker of the House Newt Gingrich suggests that’s how the GOP should couch the national policy debate before the midterm elections. But will demonizing programs that aid the poor h…
Retailer Kohl’s said on Wednesday that it plans to hire 40,000 temporary workers during this year’s holiday season at stores, distribution centers and credit operations nationwide — 7,000 more than last year. The shopping sea…