Investors got a mixed picture of the labor market on Wednesday morning as the ADP National Employment Report fell to its lowest level since 2021, and initial jobless claims came in at 227,000, just slightly under the expected 230,000. The ISM Services PMI data showed the services sector expanded in August while the unemployment index fell. All eyes are on Friday’s jobs report, the first since July’s print ignited fears of a recession as the unemployment rate hit 4.3%.
A former Deutsche Bank trader on Thursday lost her London lawsuit against the bank for just over 2.6 million pounds after she was not paid an individual bonus nearly a decade ago. Shikha Gupta worked until 2017 for Deutsche Bank's non-core operating unit, which was set up in the wake of the 2008 financial crisis to streamline its operations. Gupta said she helped dispose of billions of dollars of assets for Deutsche Bank, in particular helping it pay a $7.
Trump pleads not guilty in 2020 interference case as Putin trolls US election with fake Harris endorsement: Live updates Former president not in court for hearing, instead speaking at New York event as Kamala Harris heads to Pennsylvania ahead of crucial presidential debateThirteen former cadets at the U.S. Coast Guard Academy accused overseers of the Connecticut school on Thursday of failing to prevent sexual violence on campus and covering it up, in federal complaints seeking $10 million apiece in damages.
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