Business

US employers add modest 138K jobs; rate dips to 4.3 percent

US employers add modest 138K jobs; rate dips to 4.3 percent

The highest unemployment rate was in El Centro, Calif., at 19.2 percent. That rate has fallen even more sharply than the unemployment rate over the past year. The low unemployment rate demonstrates that the labor market is tight. According to the Labor Department , the unemployment rate fell to 4.3 percent from 4.4 percent, which is the lowest it has been since 2001.



Trump back probes of Obama administration

The former FBI director had been invited by the Senate Intelligence Committee to testify and was slated to appear next week;, an event expected to touch on alleged conversations with Donald Trump in which the president tried to get Comey to back off the investigations.


Theresa May could lose majority in United Kingdom election, fresh research finds

Theresa May could lose majority in United Kingdom election, fresh research finds

The latest modeling indicates that the Conservatives might lose as many as 20 seats of the 330 it now holds while the Labour Party might gain as many as 30 seats. That is because markets initially pencilled in an increased Conservative majority - strengthening the Prime Minister's hand politically as she prepares for Brexit negotiations.



Senate to hear from Comey; Dems raise new Session questions

While the Trump administration said Comey was sacked over how he handled the Hillary Clinton email investigation last year, the president has said the Russian Federation investigation this year was on his mind when he dismissed Comey.



Latest Stocks: Zacks Investment Research Lowers Tesoro Co. (TSO) to Sell

Apple Inc now has $810.89B valuation. The last session's volume of 7.87 million shares was lower than its average volume of 1.99 million shares. About shares traded. RBC Capital Markets maintained Tesoro Corporation (NYSE:TSO) rating on Wednesday, February 3. Howard Weil has "Sector Perform" rating and $114 target.



OPEC extends output cut, but big oil price increase unlikely

The Organization, Russia, and other major oil producers agreed to curb production by 1.8 million barrels per day (bpd) for six months from January 1 to support the market and push prices to $60 per barrel. Even a decision to maintain oil cuts thus is likely to only kick the can down the road from Thursday's meeting until OPEC ministers convene again late this year.