The Latest Breaking News from ADP

Jobs market remains strong even as Fed imposes biggest series of rate rises in decades in effort to tame inflation

Final jobs report before midterms shows jobless rate at 3.7%, a day after Federal Reserve announced further interest rate hike

More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy

Futures trading indicates that the two-day rally seen in the market may stall, as traders pause for a breather and harp on economic fundamentals. On Tuesday, the major U.S. averages gap-opened sharply higher. Consolidating the gains over the course of the sessions, each of them closed 2.8% or above.

Pre-open movers U.S. stock futures traded lower in early pre-market trade on Wednesday after recording sharp gains in the previous session. The Dow Jones jumped by more than 800 points, while the Nasdaq Composite surged around 360 points on Tuesday. The S&P 500 also notched its biggest two-session surge since…

U.S. stocks opened higher this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Numbers come as Jerome Powell says Federal Reserve intends to continue interest rate hikes to try to tamp down inflation

Women saw faster wage growth than men this year amid a tight US labor market, according to newly compiled data from ADP Research Institute, although they still got paid more than 25% less on average.

A number of well-known landmarks including the Ovo Hydro, the Finnieston Crane and the City Chambers will mark international Overdose Awareness Day, to remember the 311 people who died last year.