The Latest Breaking News from US Federal Reserve

The jobs report revealed stronger-than-expected payrolls growth and a drop in the unemployment rate.

Silver can be the most volatile precious metal as it attracts speculative and trend-following interest on the up and downside. Silver has long been gold’s sibling, and the yellow metal rose to a new record high this week. An explosive rally in silver could be on the immediate horizon.

Social media users shared a range of false claims this week

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.45%. U.S. stocks this morning are moderately higher as an...

The numbers come as Joe Biden begins debt celing negotiations with House Republicans

Despite the rising interest rates, the consumer financial services industry could remain under pressure due to the tighter lending standards and the chances of a recession later this year. Therefore, it could be wise to avoid fundamentally weak consumer financial services stocks Sunlight Financial (SUNL), Guardforce AI (GFAI), and Sentage…

April broke downward trend in growth of labor market, which has been slowing over the last few months

Asian stock markets are mixed after Wall Street sank on worries about the health of U.S. banks that are under pressure from interest rate hikes

Month after month, the nation’s job market has stood its ground against howling headwinds — rising interest rates, chronic inflation, major bank failures and economic uncertainties across the world

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

On Wednesday, the Federal Reserve raised rates yet again. Here’s what you need to know about the Fed’s impact on savings rates.