News

Hurricanes and the Boeing strike likely drove payrolls lower in October, but the weak employment report keeps officials on track to reduce interest rates by a quarter point next week.

The spending report bolsters the case for a slower pace of interest rate cuts following last month's outsized reduction.

GDP rose by more than 2.5% for a sixth consecutive quarter, "the longest stretch of such solid growth since 2006."

Boeing union workers, in their seventh week of a strike, are seeking higher wages along with the restoration of the company's pension plan, which has been frozen since 2014.

The world's second-largest asset manager expects the U.S. economy to slow to below-trend growth, but to avoid a recession.

The second-largest U.S. bank sold $3.5 billion of subordinated bonds in a single tranche.