In a blow to the U.S. Fitch Ratings has downgraded the credit of the nation to AA+ from AAA+ citing heavy debt and weakening financials, a warning sign for the economy.
Treasury Secretary Janet Yellen is poo-pooing Fitch's surprise downgrade of the nation's creditworthiness citing the solid economy.
The Mega Millions jackpot has soared above $1 billion after Tuesday's drawing failed to produce a winner, next chance is Friday.
If you win, should you take the lump sum or payouts over 30 years?
{{#rendered}}ADP's private employers added 324,000 jobs, in July much stronger than expected, while annual pay jumped 6.2%.
“The economy is doing better than expected and a healthy labor market continues to support household spending,” said Nela Richardson, chief economist, ADP in the report. “We continue to see a slowdown in pay growth without broad-based job loss.”
The data is a positive pre-cursor ahead of Friday's government report. Economists are expected the addition of 200,000 jobs while the unemployment holds steady at 3.6%.
Coverage for this event has ended.