ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Medora Lee | Money and Personal Finance reporter
| | | | | From layoffs to hiring freezes, there are signs that the job market in the U.S. is slowing. Here's what workers should know. Just the FAQs, USA TODAY |
Good morning! It's finally Friday, and we have more to cheer than just the weekend ahead. |
Second, the stock market is higher this morning and is on track for its best week this year! Unfortunately (or maybe fortunately), the reason stocks are rallying is that the Labor Department reported fewer-than-expected jobs were created last month and the unemployment rate ticked up to 3.9%, the highest since January 2022. This is good news because it means the Federal Reserve's aggressive rate hikes may finally be cooling the economy enough for it to stop raising rates, but maybe not such good news if you're looking for a job . See what I mean? Guess we'll have to wait and see how this story ends. Stay tuned. |
📰 More stories you shouldn't miss 📰 | Traders work the floor at the New York Stock Exchange, Thursday, May 5, 2022 in New York. David L. Nemec, AP |
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. | | | | The under-$25 Thanksgiving meal at Target is available now to shop both in stores and online. | | | | Jeff Bezos, founder of Amazon and Blue Origin, reportedly paid $79 million for a 7-bedroom, 14-bathroom waterfront home in luxe Indian Creek Village. | | | | The commission you pay when you buy or sell a home could change after a Missouri jury ruled in favor of consumers. Here's why. | | | | Both players guessed five white balls correctly to win the second prize in the Powerball jackpot. | | | | Lyft and Uber will pay former and current drivers $328 million in settlement funds over wage theft that occurred from 2014 to 2017. | | | | A report from Wells Fargo says that turkey prices will be down for consumers this year. Side dish costs are up with room to fall as the holiday nears | | | | More than half of the CEOs leading Arizona's 10 largest hospital systems received compensation hikes during COVID-19, IRS filings show. | | | | A number of Oceania guests have struggled to get refunds or compensation in the wake of drastic changes to planned sailings. | | | | With Thanksgiving fast approaching, many of us suddenly realize we either didn't plan ahead or have no choice but to travel along with the masses to see our friends and family. | | | | The popular Aldi Advent calendars are back for the 2023 holiday season. Calendars featuring wine, beer and cheese are joined by five new additions. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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