10:08 AM EDT, 10/22/2024 (MT Newswires) -- State-level data released by the Bureau of Labor Statistics Tuesday showed that the unemployment rate rose in five states in September, fell in one, Connecticut, and held steady elsewhere. The largest unemployment rate gains were in South Carolina and Utah, where they rose by 0.2 percentage points. South Dakota had the lowest rate...

02:32 PM EDT, 10/22/2024 (MT Newswires) -- The IMF's updated World Economic Outlook indicated steady global economic recovery at 3.2% through the end of 2025 but noted uncertainties in the outlook. Expected growth in the United States was revised higher from the previous estimate in July. The Philadelphia Fed's services reading rose to 6.0 in October from minus 6.1, while...

By Shivansh Tiwary and Aishwarya Venugopal (Reuters) - CVS Health ( CVS ) last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an experienced executive to take the helm, hoping to quell investor concerns amid economic uncertainty. Following pressure from an activist investor, CVS hired David Joyner...

08:46 AM EDT, 10/22/2024 (MT Newswires) -- The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index rebounded to 6.0 in October from minus 6.1 in the previous month, compared with expectations for a smaller increase to a reading of 4.1 in a survey compiled by Bloomberg as of 7:35 am ET. The index indicates expansion in the sector which is...