was a pleasant surprise to many — but what does this mean for the Fed? With wage growth moderating, rising only 4.2% this past month, Sanders Morris Harris Chairman George Ball joins Yahoo Finance live to assess the report and what impact this could have on wages and the Fed's interest rate outlook. Ball—like many—was shocked at the employment data, calling it “a jaw-dropper” as it was double the predicted number.
Alissa McCommon, 38, allegedly told the boy in a taped phone call, "When [the baby] comes out looking like you, we don’t have to talk anymore," prosecutors allegeCouple Killed by Grizzly Bear in Canada Sent Distressing Final Text, Family Reveals Geri Halliwell-Horner looked sensational once again when she showed off her fabulous legs in a pair of skin-tight trousers. See video.Marjorie Taylor Greene Accidentally Makes Case Against Trump As House Speaker
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Mortgage rates rise, Rivian stock slumps on plans to raise $1.5 billion: Yahoo Finance LiveThe average 30-year mortgage rate has risen to 7.49%, according to Freddie Mac. We’ll be discussing the rise in rates with Redfin CEO Glenn Kelman (RDFN) at 3:35 p.m. ET. Meanwhile, Rivian (RIVN) shares are being pummeled after the EV maker announced plans to raise $1.5 billion through a convertible note offering. Other trending tickers on Yahoo Finance include Coca-Cola (KO), BlackBerry (BB), and Lucid Group (LCID).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - John Stoltzfus, Oppenheimer Asset Management Managing Director and Chief Investment Strategist3:25 p.m. ET - Scott Devitt, Wedbush Securities Analyst3:35 p.m. ET - Glenn Kelman, Redfin CEO4:05 p.m. ET - Joseph Wang, Monetary Macro CIO4:20 p.m. ET - Karin Kimbroug, LinkedIn Chief Economist
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September jobs report, UAW strike, CFPB interview: What to watchThe September jobs report will be released on Friday, October 6, with economists expecting 170,000 jobs to be added to the U.S. economy. As the United Auto Workers strike against the Big Three — Ford (F), General Motors (GM), and Stellantis (STLA) — continues, Union President Shawn Fain is expected to release a statement on Friday afternoon. Yahoo Finance will be interviewing Consumer Financial Protection Bureau Director Rohit Chopra on Friday. Yahoo Finance's Josh Lipton takes a look at what to watch for on Friday, October 6. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Housing market: Monthly payments up 122% in 3 years, report saysDespite competition cooling in the housing market, homebuyers continue to face challenges as mortgage rates remain high. The average 30-year fixed mortgage sits at 7.31 percent as of September 28, according to Freddie Mac. Monthly principal and interest for a home has increased 122 percent in the past three years, according to Zillow. Yahoo Finance Reporter Dani Romero discusses the latest news on the housing market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Jobs report expectations: Still 'stickiness of demand' for workers, strategist saysThe September employment report will be released Friday, October 6th. Economists estimate approximately 170,000 jobs were added last month and are closely monitoring changes in unemployment and wage growth data. According to U.S. Bank Asset Management CIO Eric Freedman, the resilience of the broader economy is due to the labor market. 'There's still some stickiness of demand for employers to find workers, it remains, especially for small businesses, a tough environment to keep people in chairs,' Freedman tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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