U.S. job growth slowed in September but still beat some economists’ expectations. The U.S. added 263,000 jobs for the month, down from August’s 315,000 nonfarm payroll gain and the lowest monthly gain since April 2021. But at the same time, unemployment unexpectedly ticked back down to 3.5%, matching a 5-decade low last seen in July.…

Multiple voices out of the Federal Reserve this week have made clear the central bank has no plans to cut rates next year, despite markets pricing it in. San Francisco Fed President Mary Daly is among those cautioning against a Fed pivot in policy. “I see us as raising to a level that we believe…

Sometimes politics mixes with business like oil and water. Republican states are making that clear by defending their oil and energy sectors against investment banks who have openly taken a stance against fossil fuels. Louisiana is the latest state to do so by backing out of their business dealings with BlackRock. BlackRock is an investment…

Polls have pointed to inflation and the economy as top concerns for voters heading into midterms. Now, those concerns are being shared with major CEOs of U.S. companies. A survey showed the world’s richest are preparing for a recession. A survey of 400 CEOs shows a staggering 91% believe a recession is bound to happen…

Major oil producers around the world have announced a steep cut to oil production at an OPEC+ meeting on Wednesday. OPEC+ leaders said 2 million barrels of oil per day will be slashed from production. That is the biggest cut since the beginning of the pandemic. The announcement has ignited fears of higher gas prices…

The economy and inflation are the two most important issues to American voters in this year’s midterm elections. That’s according to polls conducted around the country. For instance, a new Monmouth University poll found that nationally, inflation and crime are American’s biggest priorities, followed by elections, jobs and immigration to round out the top five.…

The former president of Brazil, Luiz Inácio Lula da Silva, is facing a runoff election for president against the incumbent, President Jair Bolsonaro. The winner will face difficult decisions surrounding the country’s monetary policy, devalued currency and environmental issues. As one of the largest exporters in the region, Brazil’s stability is important to countries like…

A month into her appointment as Prime Minister of the United Kingdom, Liz Truss faces a major crisis. The British pound has plummeted as financial markets reacted harshly to Truss’s plan to enact huge tax cuts that primarily benefit the highest earners, as well as a promise to boost government spending. To say the plan…

The midterm elections are nearly a month away and results will surely reflect voters’ perception of the economy, inflation and how President Joe Biden is handling both. The U.S. economy is grappling with the worst inflation in four decades, and subsequently, the most hawkish Federal Reserve response since the 1980s. Recession has become a distinct…

The Dow Jones, S&P 500 and Nasdaq are all in a bear market, which is when an index falls 20% or more from a recent high. Wall Street had record returns last year but a troubled economy and high consumer prices have taken a toll on markets so far in 2022. We have the formerly…