U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus.

Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus.
Norway's $2.3 trillion investment fund says it can diversify into new areas with greater risk and returns.
Higher prices come as Ukraine pounds Russian refineries, forcing Moscow to ban diesel exports.
The EU formally joined the U.S.-led sanctions campaign against Iran, while South Korea said it's weighing a military role to help reopen the Strait of Hormuz.
Lululemon posted another quarter of disappointing results and a sales slowdown as the company struggles to turn its business around.
In a wide-ranging interview, the renowned economist also said the U.S. Treasury had taken "a step too far" with its market intervention.
Nvidia’s $12.9 billion Hugging Face deal could protect its open AI ecosystem, deepen ties with developers and keep the platform from rivals.
Argentina's President Javier Milei has renewed the country's claim to the Falkland Islands and threatened sanctions on oil companies.
Treasury yields rose as the hot jobs report along with sticky inflation may give the Fed more cover to hike interest rates in September.
THC drinks are booming as an alcohol alternative, but a looming federal crackdown is squeezing makers, distributors and consumers.
Private security spending and guard employment have climbed as companies and communities respond to high-profile attacks, even as violent crime falls.
Bond yields jumped and stocks dipped after a strong August jobs report.
The global billionaire count hit a record of 3,795 people last year, with the biggest wealth gains for the richest of the rich, per a recent Altrata report.
Steinem's living room "cracked open opportunities to lend support, let ideas flow, and build trust face-to-face," says journalist and author Allison Gilbert, founder of More Connected.
Bitcoin headed for its third straight winning week, as traders searched for refuge amid volatile moves in equities, currencies and bond markets.
Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of its transformation plan.
Vice President J.D. Vance's remarks came less than two weeks before the Federal Open Market Committee is set to convene and decide whether to adjust rates.
Freedom Fuel won free publicity when President Donald Trump urged other gas retailers to emulate its low prices in July.
Canada has retaliated against President Donald Trump's 50% tariffs with "dollar for dollar" duties on U.S. goods, which are set to take effect next week.
Adobe announced Anil Chakravarthy as its next CEO, replacing Shantanu Narayen, who announced his departure last March.
The Treasury has proposed regulations that would strip thousands of private schools of their tax-exempt status and threaten a valuable tax break for donations.
Major automakers in the U.S. are urging Congress to ban the domestic sale, import and manufacturing of Chinese connected vehicles, hardware and software.
Xbox Game Pass subscribers will have cloud gaming capped starting in November.
Global bond yields have surged as investors assess whether rising debt, tariffs, defense spending and energy shocks could keep inflation higher for longer.