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The Latest Breaking News from Labor Department

'Secret, not a secret': Southwestern Minnesota meatpacking towns react to child labor allegations

WORTHINGTON, Minnesota — In a basement office, across the street from the Casey's convenience store and just a block from the high school football field, a sign on the window for PSSI, a meatpacking janitorial service, announces nearly $20 an hour pay.

Tribune News Service

Michael Hiltzik: Thinking of putting crypto in your 401(k)? Think twice

The federal government has some advice for workers contemplating adding bitcoin or another cryptocurrency to their retirement holdings: Don't.

Los Angeles Times

Unemployment claims rise to 240,000, highest since August

The number of Americans applying for unemployment benefits rose the highest level since August but still remained low by historic standards

The Independent UK

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US inflation slows more than forecast, gives Fed downshift room

U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes.

Tribune News Service

October Inflation Cools To 7.7%, Stocks Sprint Higher: What You Need To Know

The SPDR S&P 500 (NYSE: SPY) is moving higher Thursday morning after the Labor Department reported a 7.7% year-over-year increase in the consumer price index for October.

Benzinga

Nasdaq, S&P 500 Futures Jump As October Inflation Cools Off — Tesla, Rivian, Apple, AstraZeneca In Focus

The U.S.

Benzinga

Thursday's CPI Inflation Reading Is Critical: Here's What Investors Need To Know

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.7% on Wednesday morning ahead of a critical consumer price index (CPI) inflation reading on Thursday morning.

Benzinga

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'Position For A Recovery In The Stock Market': 8 Experts React To October Jobs Report, What It Means For The Fed

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Friday after the Labor Department reported strong U.S. jobs market numbers from October.

Benzinga

US Stocks In For Another Tough Day After Fed Rate Hike As Nasdaq, S&P 500 Futures Fall — Roku, Qualcomm Plunge On Earnings Disappointment

The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed…

Benzinga

Soaring Inflation Pushes Halloween Candy Prices Scary High

Soaring inflation has already strained home buyers, drivers at the gas pump and people buying plane tickets.

Bangkok Post

Pandemic-related fraud totaled billions. California is trying to get some of it back

A special task force is investigating claims and freezing accounts to determine who legitimately qualifies for the relief money. About $20 billion in unemployment money was stolen by criminals.

WEKU

'We Remain Open To Negotiations': Did Kremlin Comments Trigger Market Reversal Thursday After Hot CPI Data Sparked Steep Selloff?

Many were surprised to see the markets turn positive on Thursday after the Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE:

Benzinga

4 Experts On What The 8.2% CPI Print Means For The Fed & The Markets: Could 'Supersize' Rate Hike Spark 'Rude Awakening'?

The Labor Department on Thursday reported an 8.2% year-over-year increase in the consumer price index for September, which sent the SPDR S&P 500 (NYSE: SPY) tumbling lower.

Benzinga

September Inflation Runs Hot At 8.2%, Sending Stocks Spiraling Lower: What You Need To Know

The SPDR S&P 500 (NYSE: SPY) turned negative premarket Thursday after the Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, a potential sign that

Benzinga

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Benzinga

US Stocks Show Cautious Optimism As S&P 500, Dow Futures Surge Ahead Of Key CPI Data — Trump's SPAC Partner, Applied Materials And Chip Stocks In Focus Today

The U.S. index futures are pointing to a higher opening on Wall Street, reflecting traders’ hopes that the consumer price inflation data may prove benign.

WEKU

Labor Department proposal could change gig worker and company rules

The U.S. Department of Labor has published a new proposal on how workers should be classified saying that thousands of people have been incorrectly labeled as contractors rather than employees.

Benzinga

'Begin Preparing For A Recession': 8 Experts React To Jobs Report, Stock Market Sell-Off

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower Friday after the Labor Department reported strong U.S. jobs market numbers from September.

WEKU

Stocks sink despite Friday's report that hiring cooled in September

A new jobs report showed a modest slowdown in hiring last month that was not enough to soothe Wall Street's worries about inflation and the Fed. The unemployment rate edged down to 3.5%

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StockNews.com

3 Bargain Stocks to Buy This Fall

Although recession fears are rising, a strong labor market has buoyed investors’ optimism. Therefore, we think it may be prudent to buy the shares of bargain stocks APA Corporation (APA), Crane Holdings (CR), and Hillenbrand (HI), given their solid growth potential. Read on to learn more….

Tribune News Service

Senate bill would boost alternative assets in 401(k) plans

WASHINGTON — A new bill from top Republicans on the Senate Banking Committee aims to open workplace retirement plans to a bigger range of investments, making it easier for 401(k) plans to diversify with holdings in private equity, hedge funds, real estate, cryptocurrencies and other alternative assets.

Roll Call

Senate bill would boost alternative assets in 401(k) plans - Roll Call

A Republican proposal would open workplace retirement plans to a bigger range of investments, including hedge funds and cryptocurrency.

The Independent UK

More Americans apply for jobless aid

The number of Americans filing for jobless benefits rose slightly last week despite the Federal Reserve’s year-long battle against inflation that’s intended to cool the economy and the tight labor market

The Independent UK

Fewer Americans file for jobless benefits again last week

The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control

WEKU

Biden says tentative railway labor deal has been reached, averting a strike

President Joe Biden said Thursday a tentative railway labor agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.

Benzinga

Dow Drops More Than 1,000 Points, Akero Therapeutics Shares Spike Higher

U.S. stocks traded sharply lower toward the end of trading, following the release of inflation data for August.

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