Business News


The S&P 500 and NASDAQ remain on pace for a sixth consecutive positive week for the first time in 2015, despite losses the past two days.  But that streak could depend on today’s big jobs report. (CNBC)
 
The Department of Labor says the US economy added 271,000 jobs in October – 268,000 in the private sector and 3,000 by government with your tax dollars.  August and September were revised upwards.  The unemployment rate stands at 5%. Hourly wages are up 2.5% over the last year, the most since July 2009.
 
Could this be the bubble that will lead to the next market sell-off? Key federal banking regulators have raised red flags about risks in the nation's lending system in a new report, saying leveraged loans and borrowing by oil and gas companies are areas of particular concern. (CNBC)
 
Kraft Heinz reported earnings as a single company for the first time showing profits slid despite budget cuts and job eliminations. Earnings fell 3.4% to $1.5 billion, partly because the stronger U.S. dollar. Comparable sales fell 2%, driven partly by weak demand for its beverages and boxed dinners in the U.S. Kraft Heinz also said it increased its quarterly dividend by 4.5% to 57.5 cents a share.  (WSJ)
 

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