Ameriprise Tumbles: Job Market Jitters

Was August's dismal jobs report the canary in the coal mine for the economy? Ameriprise Financial took a hit, plummeting over four percent after the US added a shockingly low 22,000 jobs and unemployment spiked. Investors fear the Fed is behind the curve as hopes for rate cuts clash with worries of a rapidly cooling labor market. Is this a blip for Ameriprise, or a sign of deeper economic troubles ahead? Hosted on Acast. See acast.com/privacy for more information.