The US labor market unexpectedly strengthened in November with pickups in employment and wages, tempering bets the Federal Reserve will cut interest rates early next year.
China’s top leaders pledged to strengthen fiscal support and emphasized the importance of economic “progress” at a meeting Friday that supported economists’ expectations for a growth goal of around 5% for next year.
Citadel veteran Todd Barker conveys a key message when meeting with prospective investors for his new hedge fund firm: We’re the anti-pod shop.
Honeywell International agreed to acquire the security business of Carrier Global Corp. for an enterprise value of about $5 billion, which marks the biggest deal since 2015 for the maker of jet engines and gas detectors.
The yen declined, trimming Thursday’s rally, as focus shifted from speculation of a near-term policy shift by the Bank of Japan to strong US jobs data.
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