Associated Press/Photo by Richard Drew

Market wavers on road to recovery

by Kent Covington & Kiley Crossland
Posted 10/17/18, 02:43 pm

U.S. stocks are tentatively recovering from a dip last week. The markets rocketed to their biggest gain in six months Tuesday following a six-day losing streak but seesawed throughout the day Wednesday. Good news on the U.S. economy fueled Tuesday’s rebound. The U.S. Department of Labor said employers posted the most jobs in two decades in August, while hiring continued to increase. Unemployment continued a steady drop. Strong earnings from healthcare and tech companies also helped.

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Associated Press/Photo by Richard Drew

Stock market recovering from rough week

by Kent Covington
Posted 10/12/18, 12:02 pm

World stock markets perked up a little Friday morning after heavy losses this week. Major U.S. stock indexes were up more than 1 percent but were still on track for their biggest one-week loss since late March. Fears over rising inflation and especially interest rates appeared to be the main drivers of the market plunge. Valeur Capital portfolio manager Nicola Marinelli said the heated trade war between the United States and China might also be contributing. “Some sectors are starting to suffer in their balance sheet,” Marinelli said.

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Associated Press/Photo by Lynne Sladky

Unemployment at lowest level in nearly half a century

by Lynde Langdon
Posted 10/05/18, 11:29 am

Unemployment rates in the United States are the lowest they’ve been in decades, the Labor Department reported Friday. Though companies added fewer jobs than expected in September—likely because Hurricane Florence dampened business activity in the South—the month’s unemployment rate fell to 3.7 percent, the lowest since 1969.

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