Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.
ADVERTISEMENT
What you need to know on Wall Street today
Hello. Here's what you need to know on Wall Street today.
null
The US economy gained 222,000 jobs in June, many more than expected, according to a report from the Bureau of Labor Statistics on Friday. Economists had forecast that nonfarm payrolls increased by 178,000, according to Bloomberg.
Labor force participation ticked up, and wage growth missed expectations. The gap between white and black unemployment in America is now at a record low. North of the border,
Irene Rosenfeld, the CEO of Mondelēz International, doesn’t seem interested in buying Nestlé’s candy business. like to be targeted by Bill Ackman and Nelson Peltz.
ADVERTISEMENT
And we
Markets are overreacting to "huffing and puffing" central bankers, according to Bank of America Merrill Lynch. And everyone's scared of the wrong thing when it comes to the Fed's plan for its $4.5 trillion balance sheet, according to David Rosenberg.
Bitcoin is sliding. And a top exec at one of America's oldest banks explained why Ethereum holds so much promise.
Missouri's governor says raising the minimum wage will take "money out of people's pockets" —so he's lowering it. he huge gap between America’s rich and super-richexposes a fundamental misunderstanding about inequality.
New emails show how mistrust and suspicions blew up the relationship between Uber's Travis Kalanick and Google's Larry Page. Tesla's bloodbath racked up a $1.4 billion profit for short sellers in just three days. And Volvo's all-out assault on Tesla's turf is as much about its future as its past.
ADVERTISEMENT
Lastly, Goldman Sachs president David Solomon is selling his enormous Aspen estate for $36 million.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT