U.S. Economy Adds 313,000 Jobs in February as Wage Growth Moderates

U.S. Economy Adds 313,000 Jobs in February as Wage Growth Moderates

A report Friday from the U.S. Labor Department shows the economy added 313,000 jobs in February, well above estimates, while wage growth moderated to 2.6%.

Why the February Jobs Report Is the Most Important Jobs Report of 2018

Why the February Jobs Report Is the Most Important Jobs Report of 2018

A report Friday from the U.S. Labor Department is expected to show that wages climbed 2.8% in February from a year earlier, with unemployment falling further to 4%, based on economist surveys by the data provider FactSet.

Fed Governor Brainard Says Gradual Rate Increases `Appropriate'

Fed Governor Brainard Says Gradual Rate Increases `Appropriate'

Federal Reserve Governor Lael Brainard said in a speech that further gradual rate increases are "appropriate," especially in light of the economic stimulus expected to come from President Donald Trump's tax cuts.

Fed Official Slams 'Volcker Rule' That Bars Banks From Risky Bets

Fed Official Slams 'Volcker Rule' That Bars Banks From Risky Bets

Federal Reserve Governor Randal Quarles, a former banking-industry lawyer appointed last year to oversee supervision of bank holding companies, says a rule enacted in the wake of the 2008 financial crisis to keep firms from making risky bets is "not working well."

Fed Chair Powell Says Officials Will Avoid 'Overheated Economy'

Fed Chair Powell Says Officials Will Avoid 'Overheated Economy'

Federal Reserve Chair Jerome Powell, sworn in earlier this month, testified Thursday before the U.S. Senate Banking Committee.

U.S. Personal Income Rose Faster Than Expected in January

U.S. Personal Income Rose Faster Than Expected in January

Personal income climbed 0.4% in January from the prior month, exceeding economists' expectations of a 0.3% increase.

Goldman Sachs CEO's Bangalore Bonus Comes Courtesy of India Offshoring

Goldman Sachs CEO's Bangalore Bonus Comes Courtesy of India Offshoring

The Goldman Sachs board of directors gave CEO Lloyd Blankfein a 9% pay raise in 2017 to $24 million, and he may have his lower-paid workers in India and Poland to thank.

U.S. Consumer Confidence Surged in February Despite Market Correction

U.S. Consumer Confidence Surged in February Despite Market Correction

The index climbed to 130.8 from 125.4 in January, the Conference Board, a Washington-based research association, said Tuesday in a statement. Economists had expected a reading of 127 on average, according to data provider FactSet. The index, based on a survey of consumers' assessment of business and employment conditions, was at its highest since 2000.

Fed Chair Powell Tells Congress Gradual Rate Increases to Continue

Fed Chair Powell Tells Congress Gradual Rate Increases to Continue

Federal Reserve Chair Jerome Powell, sworn in earlier this month, testified Tuesday before the U.S. House of Representatives' Financial Services Committee.

JPMorgan Sees Profits Surging in 2018 as Taxes Fall, Rates Rise

JPMorgan Sees Profits Surging in 2018 as Taxes Fall, Rates Rise

JPMorgan Chase increases its targeted return on tangible common equity - a key measure of profitability - to 17% from 2017's target of 15%, as the U.S. bank benefits from a drop in corporate taxes and rising interest rates.