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Chris Zaccarelli

Coverage of Chris Zaccarelli in the Nexus archive.

Earliest in view: Jun 26 · 20:30 UTCMost recent: Jul 2 · 15:31 UTC
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  • BUSINESSJul 2 · 15:31 UTCFORTUNE
    ‘More fizzle than sparkle’: June jobs report fails to launch a July 4 firework

    June’s jobs report showed weaker-than-expected job growth with 57,000 payrolls added, down from previous months, and a drop in labor force participation to 61.5%, as economists noted concerns over a shrinking labor force and mixed sector performance.

  • BUSINESSJun 26 · 20:30 UTCCOURTHOUSE NEWS
    Iran deal, inflation, AI all pull markets in different directions

    U.S. markets showed divergent performance this week due to conflicting factors: falling oil prices from a tentative Iran ceasefire deal boosted the Dow and S&P 500, while rising inflation data and concerns over AI stock valuations caused the Nasdaq to drop. Inflation metrics, including a 4.1% annualized rise in headline PCE and 3.4% core PCE, reinforced expectations that the Federal Reserve will delay rate cuts. The first-quarter GDP estimate was revised upward to 2.1%, but analysts caution growth remains narrow.