Chip Stocks Roar Back as Strong Data Sink BondsBloomberg MarketsUnited States of AmericaStock marketA rebound in chipmakers buoyed Wall Street as dip buyers emerged despite solid economic readings that reinforced speculation the Federal Reserve will boost rates in December. Max Kettner, Chief Mul...
US Job Growth Surged in October, Unemployment Rate FellBloomberg MarketsUnited States of AmericaEconomic dataUS job growth surged in October and the unemployment rate edged lower, a sign of labor-market strength in an expanding economy. Nonfarm payrolls increased 165,000 last month, topping all forecasts,...
Multiple Fed Rate Hikes Reasonable, Pimco's Wilding SaysBloomberg MarketsUnited States of AmericaEconomic dataPimco Economist Tiffany Wilding says the US employment report does not change her outlook for a Federal Reserve rate hike in December. Speaking on "Bloomberg Open Interest," Wilding says another Fe...