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Nick Rummell
Nick Rummell is a legal and markets reporter based in New Jersey. He has covered state and federal courts in the state, as well as such high-profile cases as the Bridgegate scandal and defamation cases involving 2020 election conspiracies. He has previously covered financial regulation, corporate governance, healthcare, and food, as well as worked in Michelin-starred kitchens as a line cook.
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Wall Street squeezes out minor gains on so-so jobs data
Investors hope the labor pool is strong enough to keep the economy going but not too hot as to cause the Federal Reserve to raise interest rates.
June jobs report misses big, while unemployment falls
The economy added less than half the number of jobs expected last month and saw fewer gains in April and May than first reported.
Investors accuse Hong Kong company of hiding costs of Chinese regulatory crackdown
Shareholders complain the company kept mum about the $270 million in fines it faces, which caused its stock to lose more than a quarter of its value in a single day.
Iran deal, inflation, AI all pull markets in different directions
The Dow Jones picked up minor gains, the S&P 500 dipped slightly, and the tech-heavy Nasdaq was weighed down by fears about an artificial intelligence bubble.
Wall Street rises, falls, rises again as Fed keeps rates steady
Solid news of an Iran ceasefire deal caused equities to rise early in the week, but no interest rate cut from the Federal Reserve dulled the rally.
Another week, another ceasefire, another Wall Street rally
Wall Street is hoping this week’s promise of a ceasefire with Iran actually materializes, and dropping oil prices helped spur a rally among equities.
Heirs to Jewish banker seek to reclaim a Nazi-tainted Van Gogh
The Vincent Van Gogh painting "Sunflowers" was sold under duress during Nazi rule and bought at auction by a Japanese insurer in the 1980s.
Markets fall, as good jobs data indicate no interest rate cuts
Main Street was pleased by a positive employment report, but for Wall Street, more jobs mean fewer interest rate cuts. And maybe even rate hikes.