• Jobs

    Economy Week Ahead: Eurozone Manufacturing, U.S. Jobs Report

    A worker checked bodywork at the Iveco plant in Suzzara, Italy, in December. The state of European manufacturing will be measured by Monday’s IHS Markit’s purchasing managers index. Photo: Francesca Volpi/Bloomberg News By WSJ Staff Jan. 2, 2022 3:00 pm ET The Labor Department’s December jobs report is the highlight of this week’s economic data. Economists surveyed by The Wall Street Journal estimate the unemployment rate fell as employers added jobs at a faster pace. Monday IHS Markit will provide a look at the health of the European manufacturing sector with December’s purchasing managers index. The index is expected to slip slightly to 58.0 from 58.4 in November, amid a…

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  • Jobs

    Ahead of jobs miss, some Fed officials edged towards ‘taper’ debate

    A “number” of Fed officials appeared ready to consider changes to monetary policy based on a continued strong economic recovery, according to minutes of the U.S. central bank’s April meeting, but data since then may have already changed the landscape. “A number of participants suggested that if the economy continued to make rapid progress toward the (policy-setting) Committee’s goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases,” the minutes said in the most overt reference yet to a possible taper of the Fed’s crisis-fighting bond purchases. But that view may have suffered a blow this month…

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  • Jobs

    Pfizer, GM earnings and jobs report top week ahead

    Former Nuveen chief equity strategist and senior portfolio manager Bob Doll provides insight into how Biden’s spending and Big Tech earnings are impacting the markets.  The upcoming week will be jam-packed with earnings from big names including Pfizer, Moderna, CVS Health, Under Armour, Uber, Lyft and General Motors.  Jobs will also take center stage this week with the ADP unemployment report on Wednesday and non-farm payrolls on Friday. Ticker Security Last Change Change {c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} I:DJI DOW JONES AVERAGES 34964.86 +187.10 +0.54{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} I:COMP NASDAQ COMPOSITE INDEX 13523.443151 -228.79 -1.66{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} SP500 S&P 500 4221.5 -11.10 -0.26{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} This as U.S. stocks sit near record highs after pulling back last week.  FOX Business takes a…

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  • Jobs

    Stock futures point to gains ahead of jobs report

    Charles Schwab chief investment strategist Liz Ann Sonders provides insight into market, economic and employment trends in the U.S. amid the coronavirus pandemic. U.S. equity futures are trading higher ahead of the latest report on the labor market. The major futures indexes suggest a rise of 0.2{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} when the last trading session of the week gets underway. Stocks have gained in four straight sessions. GET FOX BUSINESS ON THE GO BY CLICKING HERE The economic event of the week comes Friday morning with the January employment report. The Labor Department is expected to say the U.S. economy added 50,000 new nonfarm jobs last month, rebounding from a surprise loss of…

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  • Online School

    Knox County Schools move online ahead of expected wintry weather

    In-person students will return to their buildings on Tuesday, Feb. 2, unless otherwise notified, according to KCS. KNOX COUNTY, Tenn. — Knox County Schools said it will move to online learning on Monday, Feb. 1, due to expected wintry weather and the potential for hazardous road conditions. All students should log on to their Chromebooks and be prepared for virtual instruction at the normal start of the school day, according to KCS. Instructional personnel will work remotely, and central office staff will report as usual.  In-person students will return to their buildings on Tuesday, Feb. 2, unless otherwise notified, according to KCS. Officials said the district made the decision with…

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  • Jobs

    What to know in the week ahead

    As investors continue to digest last week’s Reddit-fueled volatility, they will also look this week to the regular cadence of quarterly earnings reports and economic data. Another couple of Big Tech earnings will punctuate the flow of quarterly results, with Alphabet (GOOGL, GOOG) and Amazon (AMZN) each set to report after market close on Tuesday. Facebook’s (FB) results last Wednesday offered a mixed picture of the internet advertising landscape against the ongoing pandemic. The company’s fourth-quarter advertising revenue handily topped estimates, though the company noted “significant uncertainty” remained over the trajectory of its ad business heading into 2021. While Facebook’s social media ad business is not a perfect analogy to…

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  • Science

    What do COVID-19 vaccines mean for daily life in the months ahead?

    As more COVID-19 vaccines show signs of being able to protect people from getting really sick, they’re fueling hopes that some sense of normalcy is within reach. Two vaccines have been authorized for emergency use in the United States and are slowly getting into arms across the country. And two more vaccine makers have just reported fairly positive results — a crucial step on the path toward adding tools to quell the pandemic. As a result, people are looking forward to finally being able to safely hug loved ones, travel and go to work, school or the store without fear of falling ill. But the rocky vaccine rollout across the…

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