US03076C1062 - Common Stock - After market: 330.18 0 (0%)
Financial advisor Brian E. Wasson, CRC® is latest addition to growing investment program
Principal Financial Group (PFG) stock slid 3.5% in Thursday premarket trading after Evercore lowered its rating for the life and health insurer to Underperform from Neutral, citing...
The Labor Department's employment report also showed moderating wage increases, a decrease in household employment and a drop in the prime age employment-to-population ratio, renewing speculation of a long-awaited "pivot" in Fed policy. "At the end of the day the pace of job growth for the month has been decelerating and the employment rate did go up," said Russell Price, chief economist at Ameriprise Financial Services Inc in Troy, Michigan. "But the unemployment rate going up was primarily because there are fewer people in the labor force and the pace of job growth per month is still quite strong," he said.
Citizens Financial Group is among regional banks showing sizable growth recently due to higher rates they can charge on financial products offered to customers.
The yield on two-year notes, which typically moves in step with rate expectations, was up 8.1 basis points at 4.503% while the 10-year yield rose 7.1 basis points to 4.081%. The Fed needs to slow demand for inflation to come down, and to do that they need to see employment moderate, said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan. "What we're going to find out this week, is that the Fed is going to leave itself the most flexibility to make sure that they can address inflation if these numbers continue to come in high," Saglimbene said, referring to inflation data.
Money managers such as Janus Henderson Group and investment firms including Blue Owl Capital Inc are weighing potential offers for Credit Suisse Group AG's U.S. asset management unit, people familiar with the matter said on Friday. Janus and rival asset manager AllianceBernstein Holding, and Blue Owl as well as private equity firms Centerbridge Partners and Clearlake Capital are considering bids, the sources said.
Ameriprise stock is building a consolidation with a 332.47 buy point. See if the stock can clear the breakout price in heavy trading.
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