Does the Fed have the labor market all wrong?

View in Browser July 6, 2023 Dow 33,922.26 1.07% S&P 500 4,411.59 0.79% NASDAQ 13,679.04 0.82% Last updated July 6 at 4:59 PM ET     Does the Fed have the labor market all wrong? The labor market just won't quit, but this could be another case of "good news is bad news" for the Federal Reserve.    Read full article   Hong Kong stocks slump on worries about Chinese banks, US interest rates Hong Kong stocks on Thursday recorded their worst day in four months, after Goldman Sachs downgraded major Chinese banks on local government debt risks and the US Federal Reserve gave a hawkish outlook.    Read full article   Dow tumbles on red-hot US job market Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.    Read full article   Banks are leaving savers shortchanged as interest rates soar When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. Or so the theory goes.    Read full article   Video: Could rust be the secret to solving fossil fuel power? In order to move our energy grids to a more carbon-free future, a company called Form Energy is experimenting with an old battery technology that could allow for days of energy storage for homes across the globe.    Read full article   Former CIA chief: US needs to 'tighten the screws' on Russia's economy Washington should crank up the pressure on Moscow as Russian President Vladimir Putin is confronted by a powerful one-two punch of military and economic failures, former CIA director David Petraeus tells CNN.    Read full article   Today's movers EDTX 22.95 94.05% EdtechX Holdings Acquisition Corp. II Class A CRBU 5.94 45.59% Caribou Biosciences, Inc. LZM 16.60 32.80% Lifezone Metals Limited ALLR 3.81 53.99% Allarity Therapeutics, Inc. VBIV 1.18 51.24% VBI Vaccines, Inc. XXII 2.70 28.19% 22nd Century Group, Inc. Last updated July 6 at 4:10 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303