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A dismal June jobs report turned into a green light for the market’s most rate-sensitive corners on Thursday, as a sharp slowdown in hiring gutted expectations for a Federal Reserve rate hike and sent Treasury yields and the dollar tumbling. The U.S. economy added just 57,000 jobs in June, roughly half the 110,000 econ
The U.S. labor market cooled in June with employers adding 57,000 jobs, falling short of the 110,000 economists had expected and sharply decelerating from May’s reading of 129,000. The unemployment rate edged down to 4.2%, below the 4.3% consensus. Average hourly earnings rose 0.3% on the month, matching the 0.3% expec
Intuitive Machines, Inc. (NASDAQ: LUNR ) shares rose on Wednesday after the company secured a NASA contract worth up to $148.3 million to deliver a production-line-qualified Nova-C lander to the Moon by 2028. The firm-fixed-price award supports NASA’s accelerated lunar delivery schedule and expands operational sites fo
June is on track to be silver’s worst month in nearly 15 years. The metal — tracked by the iShares Silver Trust (NYSE: SLV ) — tumbled more than 20% on the mont, its steepest monthly decline since September 2011, based on monthly price data. At around $60 an ounce, silver has roughly halved from its January high when i