Jeffrey Roach News

06.09 / 16:49

UPS Lowe's Reuters Nov show Warning Dollar hits six-month peak after US data; weak yen draws warning

dollar ascended to a six-month peak on Wednesday, reversing earlier losses, after U.S. data showed the services sector surprisingly picked up steam last month amid higher new orders and businesses paying elevated prices, suggesting persistent inflation pressure. The greenback recovered against most currencies after the data, with the euro and sterling hitting three-month lows and the yen touching session troughs. Data showed the Institute for Supply Management (ISM)'s non-manufacturing PMI rose to 54.5 last month, the highest reading since February and up from 52.7 in July.

19.07 / 09:39

COST Lowe's Target Microsoft Wall St. earnings, AI stocks push S&P500 higher

US equities rose Tuesday as results from Bank of America Corp. and Morgan Stanley bolstered bank shares, and a rally in stocks linked to artificial intelligence resumed.

07.07 / 17:09

NASDAQ Manufacturing ADP 500 US Stock Market: Today’s update on S&P 500 and Nasdaq 100

US stocks slipped after hiring data remained high enough to quash speculation the Federal Reserve would leave interest rates unchanged later this month.

10.03 / 22:03

COST Lowe's Moodys Power Wage growth is cooling — but workers still have bargaining power, economists say

The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said.

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