The Latest Breaking News from Labor Department

The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 2% on Friday morning after the Labor Department reported an 8.6% increase in the consumer price index in the month, the highest inflation reading in any month since 1981.

The Labor Department is facing pressure to finish a proposed rule before requiring pension plans to disclose climate risk.

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1% Friday morning after the Labor Department reported strong U.S. jobs market numbers from May.

The U.S. economy added modestly more-than-expected new jobs in May, with easing monthly wage pressures, the Labor Department said Friday.

U.S. companies in May added the fewest jobs since the pandemic recovery began, a private report showed, suggesting employers struggled to recruit and retain workers in the month despite a near-record level of job openings.

In response to a letter from Sen. Jon Ossoff, Homeland Security said it plans to begin the process to create new rules to increase protections for farmworkers.

Fed chief Jerome Powell is warning that the U.S. economy may face a period of "pain" as unemployment rise to control inflation. Is a recession inevitable?

For the first time in two years, Verizon Communications Inc (NYSE:VZ) will raise prices on its wireless bills, helping it shift the burden of higher costs, Bloomberg reports. Industry watchdogs had warned that post-T-Mobile US, Inc's (NASDAQ: TMUS) acquisition of Sprint Corp, there would be fewer wireless competitors, making it easier to raise prices.  Implementing higher charges…

Asian shares have bounced back after losses earlier in the week, shrugging off the latest data showing U.S. wholesale prices soared 11% in April from a year earlier

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The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded lower by 0.6% on Wednesday morning after the Labor Department reported an 8.3% increase in the consumer price index in the month, indicating inflation remains near 40-year highs.