The U.S. labor market showed strength in September, with private companies adding more jobs than expected, payroll services firm ADP reported Wednesday. Businesses added 208,000 for the month, better ...
Tag: Economy
Twitter, Poshmark, Rivian and more
Poshmark Inc. signage outside the Nasdaq MarketSite during the company’s initial public offering (IPO) in New York, U.S., on Thursday, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Che...
Why the Federal Reserve won’t be so quick to ease up on its fight against inflation
Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Federal Reserve officials this week gave their clearest signal ...
The job market is cooling but workers still have power, say economists
Hinterhaus Productions | Getty Images There are signs the hot job market is cooling — but workers still have bargaining power for now, according to labor economists. Job openings, a barometer of emplo...
Reversing Energy Export Boom Is Economic Dead End For Biden
WASHINGTON, DC – U.S. President Joe Biden is reportedly considering reversing a decades-old decision … [+] to allow the export of U.S. produced oil and natural gas. (Photo by Al Drago/Gett...
Global economy will ‘crumble’ if Fed doesn’t stop hiking interest rates, billionaire investor Sternlicht says
““They are going to cause unbelievable calamities if they keep up their action, and not just here, all over the globe,” ” — Barry Sternlicht, CEO, Starwood Capital Group Billionaire Barry Sternlicht,...
Crypto Assets Poses a Threat to US Economy: FSOC
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
Air cargo rates slump but some companies see long-term strength
The cost of shipping air freight around the world is slumping, but some companies say the world’s shift to flying goods around the world will keep the market attractive for years. “I don&#...
JOLTS August 2022:
The level of job openings plunged by more than a million in August, providing a potential early sign that the massive U.S. labor gap is beginning to close. Available positions totaled 10.05 million fo...
What are the best business hotels in the Middle East: Dubai, Abu Dhabi
Preparing for a business trip to the Middle East? CNBC has made it easy to find the best hotel for the trip. CNBC Travel and the market data firm Statista today release a ranking of the “Best Ho...
Rivian, Credit Suisse, Poshmark and more
Check out the companies making headlines in premarket trading Tuesday. Rivian — Rivian’s stock rallied 9.3% after the electric vehicle maker announced that third-quarter production rose 67% from...
Mortgage mayhem sparks fears of a housing market crash in Britain
U.K. mortgage rates have skyrocketed since Finance Minister Kwasi Kwarteng’s mini-budget on Sept. 23, prompting banks to pull mortgage products threatening a deepen an expected housing market do...
Opinion: Stock markets will drop another 40% as a severe stagflationary debt crisis hits an overleveraged global economy
NEW YORK (Project Syndicate)—For a year now, I have argued that the increase in inflation would be persistent, that its causes include not only bad policies but also negative supply shocks, and that c...
Stocks making the biggest moves after hours: Rivian, Kezar, Dynatrace
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlin...
Is Credit Suisse the 2022 Lehman Brothers?
The nightmare resurfaces. The visions of red screens in panicking trading rooms return. And the September 2008 images and photos of Lehman Brothers employees leaving the New York headquarters with box...
Ocean shipping orders are signaling a big drop in consumer demand
For the marine shipping industry to cut its carbon footprint in half by 2050, promising technology will need to become reality, and efficiency gains will need to increase as well. Lucy Nicholson | Reu...
Peloton, Tesla, Viasat, Wells Fargo, Box and more
A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Check out the companies making the biggest moves midday Monday: Cre...
Ford, Rivian, GM: Concern About Outlook for Carmakers Piles Up
Life for the car manufacturers is becoming tougher as the economic slowdown worsens. A perfect storm of prepandemic difficulties made worse by covid-19 appears to be forming. Demand for cars is likel...
World Economy Roiled by Simultaneous Shocks Echoing 2007 Anxiety
(Bloomberg) — The world economy is showing signs of a rapid downshift as it contends with a series of shocks — some of them self-inflicted by policymakers — increasing the likelihood...
4 New Hotels In London’s Rapidly Transforming West End
Regent Street. West End of London. Westminster City. London. United Kingdom getty An ever-important area of London, famous for its tourist attractions, shopping zones and theater scene, the West End i...
Underperformance is ‘abysmal’ in the long run for active fund managers
The S&P 500 may be trading around 2022 lows, but a new report finds active managers are having their best year since 2009. The numbers suggest they still have a long way to go, though. S&P Glo...
Microsoft’s Latest AI Tool Can Predict Missed Doctor’s Appointments
Between the scarcity of trained physicians, nursing staff shortages, and general attrition amongst healthcare workers, securing a doctor’s appointment is not an easy task in the modern day clinical la...
‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023
Billionaire investor Stanley Druckenmiller sees a “hard landing” for the U.S. economy by the end of 2023 as the Federal Reserve’s aggressive monetary tightening will result in a recession. “I will be...
How Asia’s richest person gave Bezos a run for his money
Gautam Adani has had a very good year. The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He̵...
Inflation accelerated even more than expected in August
Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely. The personal consumptio...
Still oversold, picking at chip stocks, Club names in the news
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. Market still oversold When ...
Unions could face obstacle in 2023 if economy falls into recession
Hannah Whitbeck (C) of Ann Arbor, Michigan, speaks as Alydia Claypool (L) of Overland Park, Kansas, and Michael Vestigo (R) of Kansas City, Kansas, all of whom say they were fired by Starbucks, listen...
Stocks making the biggest moves midday: Nike, Rent-A-Center, Carnival Cruise
People walk near the entrance to Nike store, May 25, 2022 in Moscow, Russia. Konstantin Zavrazhin | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Nike – ...
Citadel’s Ken Griffin: Investors Leaving Bitcoin, NFTs and Meme Stocks Is Good for Economy
People moving on from the “speculative bubble” that is crypto, NFTs, and meme stocks is a positive sign for the U.S. economy, according to Wall Street heavyweight Ken Griffin. Miami-based trading fir...
Fed Vice Chair Brainard warns against retreating from inflation fight prematurely
U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s ...