A “now hiring” sign is posted in the window of a restaurant in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images The latest nonfarm payroll report shows a...
Tag: business news
Jobs report February 2022:
Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self. Nonfarm payrolls for the month grew by 678,000 and the un...
Tesla, Sweetgreen, Gap and more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) — Shares fell 1.2% in premarket trading after CEO Elon Musk challenged the United Auto Workers union to try and organize his co...
Russia sanctions spark fire sale, asset freezes for UK-based oligarch
Roman Abramovich, owner of Chelsea, waves at fans after the UEFA Champions League Final between Manchester City and Chelsea FC at Estadio do Dragao on May 29, 2021, in Porto, Portugal. Alex Livesey &#...
There should be no new gas supply contracts with Russia: IEA
A Gazprom logo photographed in Russia on Jan. 28, 2021. Andrey Rudakov | Bloomberg | Getty Images The European Union should not enter into any new gas supply contracts with Russia, in order to lower i...
Rivian rolls back big price increases on preorders after customer backlash
R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 20...
Why Ford didn’t spin off its electric-vehicle business
Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor said on Wednesday that it will separate — but not spin off —...
From Michael Keaton to Ben Affleck, Robert Pattinson
Michael Keaton on the set of “Batman”. Getty Images (L) | Warner Bros. (R) On Friday, Batman returns to the box office. With Robert Pattinson donning the cowl, Warner Bros.’ “T...
Huawei’s competitor to Tesla electric cars to begin deliveries in China
Consumers check out Huawei’s first HarmonyOS car, the Aito M5, at a store in Hangzhou, Zhejiang Province, on Jan. 3, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — The firs...
Italians reveal their favorite places to go on vacation — in Italy
Italy is home to some of the world’s most famous cities, art, wine and beaches. Think Florence, Rome and Venice with their abundant Renaissance architecture and well-known galleries, Tuscany wit...
Pfizer, Moderna project $51 billion in combined vaccine sales this year
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters Pfizer and Moderna expect $51 bill...
America’s biggest new mansion auctions for $141 million
The rear of the home opens to a massive lawn framed by a moat-like water feature and a 400 ft. running track just below it. Marc Angeles A 105,000-square-foot Los Angeles mega-mansion that was listed ...
More than 90% of U.S. population can ditch facemasks under CDC Covid guidance
US President Joe Biden holds up a KN95 mask as he delivers an update on his Administrations whole-of-government COVID-19 surge response at the White House in Washington, DC, on January 13, 2022. Jim W...
Spirit Airlines plans Miami, Atlanta crew bases this year as it takes on rivals
A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines is planning to ...
Block CFO says customers repay almost all buy now, pay later loans
Nearly all of Afterpay’s customers repaid their installments in 2021, Block CFO Amrita Ahuja told CNBC on Thursday when questioned about the Cash App parent’s acquisition of the buy-now, p...
Ford cuts SUV, truck production at two plants due to chip shortage
An employee works on a Ford Motor Co. Super Duty Truck engine at the Ford Kentucky Truck Plant in Louisville, Kentucky, Sept. 30, 2016. Luke Sharrett | Bloomberg | Getty Images Ford Motor is once agai...
The ‘safest of safety stocks’
CNBC’s Jim Cramer on Thursday advised investors to consider Procter & Gamble as a potential buy to weather the turbulent market. “I’ve been telling you to stick with the market e...
Jim Cramer warns investors still betting on high-growth tech stocks
CNBC’s Jim Cramer on Thursday cautioned investors that buying the dip on high-growth tech stocks is a losing strategy in today’s turbulent market. “The era of beat and raise and buy ...
Retailers warn of business impact from Russia’s invasion
Employees put wooden shields on the window of Louis Vuitton shop in Kyiv on February 24, 2022 as Russia’s ground forces invaded Ukraine from several directions today, encircling the country with...
Bill Gross sees possibility of stagflation, says he wouldn’t be a buyer of stocks here
Billionaire investor Bill Gross listens during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2017. Lucy Nicholson | Reuters Bill Gross, the one-time so-called bond ...
Stocks making the biggest moves after hours: Gap, Broadcom and more
Here are the stocks making notable moves in extended trading. Broadcom — The chip stock rose more than 3% in extended trading on Thursday after Broadcom beat estimates on the top and bottom lines for ...
February jobs report expected to show strong labor market continuing with solid wage gains
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The economy was likely to have added jobs at a healthy...
Best Buy, BJ’s, Snowflake and more
Take a look at some of the biggest movers in the premarket: Best Buy — Shares of the retailer climbed 5% in premarket trading after the company announced it was raising its quarterly dividend by 26%. ...
Gap (GPS) reports Q4 2021 narrower losses, projects revenue decline
Sale signs are on display in the windows of a Gap retail location. Scott Mlyn | CNBC Gap Inc. shares climbed in after-hours trading Thursday after the apparel retailer offered an upbeat forecast for i...
Citigroup CEO Jane Fraser sees ‘tremendous upside’ in stock after tepid Investor Day response
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., smiles during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The confe...
Sweetgreen (SG) Q4 2021 earnings
A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses but strong sales growth for its fourth quarter in its first report since its initial pu...