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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 03, 2016
Page
9
U S private employers added 147 000 jobs in October down from a revised 202 000 the prior month the smallest gain since May. Moody's Mark Zandi notes solid overall health despite slower growth with construction education and mining trimming payrolls while professional services rise by 69 000.
With six days before the presidential election, the Federal Reserve signaled it is not yet time to raise rates but remains near that possibility. After the latest policy meeting it suggested December could see renewed rate increases, potentially lifting loan costs for consumers and businesses. The Fed last raised rates in December of the previous year and has since paused.
Gawker Media will pay Hulk Hogan 31 million dollars in cash plus a portion of creditor proceeds from its bankruptcy, resolving a 130 million dollar invasion of privacy lawsuit aided by Peter Thiel. The agreement was filed in Manhattan federal court on Wednesday.
The Associated Press reports U.S. airlines expect about 27.3 million travelers over 12 days from November 18 to the Tuesday after Thanksgiving, a 2.5 percent increase. Growth stems from expanded enrollment in expedited screening programs like TSA PreCheck, with nearly four million enrolled in PreCheck and over five million in other programs, aiding smoother security lines.
Gold rose above 1300 an ounce driven by polls showing Trump gaining ground in the U.S. election, spurring a selloff in equities and lifting demand for safe assets. December gold settled at 1308.20 an ounce on the N Y Comex as Fed rate expectations hovered and investors piled into gold backed funds.
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