U.S. Markets closed

  • S&P 500

    4,109.31
    +58.48 (+1.44%)
     

  • Dow 30

    33,274.15
    +415.12 (+1.26%)
     

  • Nasdaq

    12,221.91
    +208.43 (+1.74%)
     

  • Russell 2000

    1,802.48
    +34.10 (+1.93%)
     

  • Crude Oil

    75.54
    +1.17 (+1.57%)
     

  • Gold

    1,987.40
    -10.30 (-0.52%)
     

  • Silver

    24.19
    +0.21 (+0.86%)
     

  • EUR/USD

    1.0841
    -0.0067 (-0.6180%)
     

  • 10-Yr Bond

    3.4940
    -0.0570 (-1.61%)
     

  • Vix

    18.70
    -0.32 (-1.68%)
     

  • GBP/USD

    1.2328
    -0.0062 (-0.5030%)
     

  • USD/JPY

    132.7950
    +0.1060 (+0.0799%)
     

  • BTC-USD

    28,362.34
    +370.10 (+1.32%)
     

  • CMC Crypto 200

    620.35
    +6.14 (+1.00%)
     

  • FTSE 100

    7,631.74
    +11.31 (+0.15%)
     

  • Nikkei 225

    28,041.48
    +258.55 (+0.93%)
     

Labor Secretary Walsh reportedly plans to depart from the Biden administration

24
Yahoo Finance Video

Yahoo Finance Fed reporter Jennifer Schonberger details accounts stating U.S. Department of Labor Secretary Marty Walsh's supposed intentions to leave his position in the Biden administration.

Video Transcript

SEANA SMITH: But I also want to get to another big story that we're following out of DC today, and that's the reports that US Labor Secretary Marty Walsh, that he's planning to leave the Biden administration. What do we know?

JENNIFER SCHONBERGER: Hey, Seana. There is a report out that Labor Secretary Marty Walsh is exiting the Biden administration, this reporting coming from Bloomberg. That would mark the first cabinet-level exit for the Biden administration. The White House not immediately responding to Yahoo for comment.

Bloomberg reporting that he's been offered a role to lead the National Hockey League Players Association, which represents the NHL's athletes in both the US and Canada. Of course, this coming in the midst of a very strong job market and on the evening of the president's State of the Union address.

SEANA SMITH: All right, Jen Schonberger, great stuff. Thanks so much.

Recommended Stories

  • One of the world’s richest men knows why Silicon Valley Bank really failed: ‘People on iPhones’

    Stephen Schwartzman, worth $42 billion and at the head of a firm managing almost $1 trillion, says social media is what doomed the bank.

  • Procrastinators, Rejoice: The 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years

    With a yield of 9.62%, the recently expired Series I bond was understandably popular. With interest rates rising, bond funds are down this year and banks continue to offer miserly rates on deposit accounts. So it's no wonder that a … Continue reading → The post It Pays to Procrastinate: The New 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years appeared first on SmartAsset Blog.

  • Tesla Stock Advances As Bulk Of Semi Trucks Recalled Over Parking Brake Malfunction

    Tesla is recalling the bulk of its eagerly anticipated long-haul Semis after beginning deliveries of the all-electric, 18-wheel trucks just three months ago. TSLA shares shot up Friday. The National Highway Traffic Safety Administration, or NHTSA, announced Friday Tesla plans to recall 35 Semi trucks for parking brake issues.

  • Dow Jones Rises 150 Points After Cool Inflation Data; 6 Stocks To Buy And Watch

    The Dow Jones rose Friday after key inflation data, with the release of the PCE price index, the Fed's preferred measure of inflation.

  • Virgin Orbit’s sudden collapse is the latest in a series of high-risk failures by Richard Branson

    The satellite deployment startup founded by Branson is letting go of the bulk of its staff, citing an “inability to secure meaningful funding.”

  • A $200,000 Annuity Will Pay Out This Much a Month

    An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.

  • Schwab Hit by Worst Month Since 1987 Amid Cash Sorting Woes

    (Bloomberg) -- Charles Schwab Corp.’s worst month in more than 35 years has sparked a debate among analysts as to whether the brokerage giant has been unfairly punished by investors amid growing fears about the US banking sector.Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentWorld’s Top-Rated Airport Sees Immigration System RestoredUS Stocks Extend Rally as Traders Eye Peak Rates: Markets WrapHow King Charles Got Thrown Into Disney’s Fight With Florida Govern

  • Here’s What Retirement Looks Like in America in Six Charts

    Americans spend decades saving for retirement, never quite sure how much is enough or what sort of life that money will ultimately buy. To benchmark your retirement plans—including your savings and spending and how you spend your time—one place to start is by looking at how your numbers stack up against Americans overall. The biggest source of retirement income for many Americans is the nest egg built up during their careers.

  • Bear of the Day: Advanced Micro Devices (AMD)

    This stock looks very top heavy with the topline expected to contract this year and margins shrinking

  • Warren Buffett and Morgan Stanley Have One Thing in Common: They Both Like These 2 Stocks

    Investors looking for alpha in an uncertain market environment could do worse than following in the footsteps of legendary stock pickers and probably none can match Warren Buffet’s reputation. Not for nothing the “Oracle of Omaha” is considered one of the all-time greats and for nearly 60 years, between 1965 and 2022, his Berkshire Hathaway firm’s returns have doubled those of the S&P 500. So, it’s definitely worth nosing through Buffett’s portfolio to see which stocks he currently holds. And wh

  • Nomura Says US Money Supply Plunge Is ‘Elephant in the Room’ for Markets

    (Bloomberg) -- A Nomura Holdings Inc. strategist is warning that investors are overlooking a crucial clue as they grapple with the path of US inflation and the Federal Reserve’s response. Most Read from BloombergTrump Faces Fingerprints, Mug Shot After Dramatic IndictmentWorld’s Top-Rated Airport Sees Immigration System RestoredHow King Charles Got Thrown Into Disney’s Fight With Florida Governor DeSantisTrump to Be Arraigned Next Week After Historic IndictmentStocks Rally as Traders Eye Peak Ra

  • Japan's Toyota hands St Petersburg plant over to Russian state

    MOSCOW (Reuters) -Russia and Toyota said on Friday that the Japanese carmaker's factory in St Petersburg had been handed over to state entity NAMI, with Moscow snapping up more assets from global automakers leaving Russia over the conflict in Ukraine. "Toyota's production site in St Petersburg has... been transferred to the state," Russia's Ministry of Industry and Trade said in a statement. The company said in September it had decided to stop vehicle production in Russia due to the interruption in supplies of key materials and parts.

  • How to make $100,000 or more and pay no income taxes

    Here’s how to earn a six-figure income and pay no income taxes on it – totally legally.

  • Does Snowflake Inc. (SNOW) Have the Potential to Rally 33.64% as Wall Street Analysts Expect?

    The average of price targets set by Wall Street analysts indicates a potential upside of 33.6% in Snowflake Inc. (SNOW). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

  • DWAC Stock Jumps After Donald Trump Indictment

    Digital World Acquisition Corp. stock, the special purpose acquisition company aiming to take former President Donald Trump's tech and social-media platform public, soared Friday after a grand jury voted Thursday to indict Trump. The grand jury voted to indict Trump Thursday after hearing evidence the former president allegedly paid hush-money to a porn star during the 2016 election. Trump is now expected to come to New York to face the charges.

  • Average Retirement Savings For Married Couples By Age

    A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.

  • Can I Retire Off The Interest I Made Investing $2 Million?

    For older Americans, living off the interest and returns of your retirement account is how retirement is structured. The goal is that by the time you hit your late 60s you will ideally have enough saved up to coast indefinitely. … Continue reading → The post How Much Interest Does $2 Million Pay Monthly? appeared first on SmartAsset Blog.

  • GE Stock Breaks Out To New High After Soaring More Than 45% — Is It A Buy?

    General Electric will emerge as an aviation and defense pure play in early 2024 after completing its big breakup. Is GE stock a buy as it breaks out to multiyear highs? GE News The company remains on track to spin off its energy business, as GE Vernova, in early 2024.

  • Can I Retire at 65 with $2.5 Million?

    For most people, it will be little or no problem to retire at age 65 if they have $2.5 million in savings. This amount of capital invested prudently is likely to provide sufficient income for a lifestyle comfortable enough to … Continue reading → The post Is $2.5 Million Enough to Retire at 65? appeared first on SmartAsset Blog.

  • Three Stocks Turn $10,000 To $25,265 In Just 3 Months

    Investors enjoyed a small S&P 500 rally in March. But there were much more lucrative places to put money in the month.