Author: Steve Kopack

The economy added jobs in October, showing that a labor market which has troubled consumers for much of the year remained stable, but did not gain momentum.

A lukewarm job market may have picked up some steam last month, although slowing wage growth and the impact of AI remain big concerns.

Shares in technology companies dropped sharply Thursday, compounding recent declines that have sparked concerns about the durability of the artificial intelligence boom that has driven much of recent U.S. economic growth.

Oil prices dropped sharply Wednesday, as European Brent crude fell below $100 per barrel for the first time since Oct. 7.

Stock futures slid after Democrats won key Senate races across the country. The size of the blue wave surprised Wall Street, which was expecting a ripple.

Oil prices posted their sharpest drop in three months after investors got fresh hope that the U.S. would end the Iran war without further escalation.

The two largest U.S. oil companies, ExxonMobil and Chevron reported blowout profits as oil prices remain sharply elevated due to the U.S. war with Iran.

Tech stocks plunged, putting the Nasdaq 100 index on course for a more than $1 trillion drop when the opening bell rings at 9:30 am ET in New York.

Shares of Google parent company Alphabet sank by as much as 15.8%, on course for the company’s worst single-day drop in history.

The Federal Reserve kept interest rates unchanged in its final major decision before the midterm elections.

The Federal Reserve meets in Washington this week, where it will consider whether to raise interest rates in an effort to tamp down on inflation.

Trump’s combative approach to Canada appears to be softening just days before midterm elections where tariff fueled inflation is a primary concern for voters.