Topline Stocks whipsawed Tuesday after Federal Reserve chairman Jerome Powell said further increases to the federal funds rate may be necessary to tame inflation, heightening fears over the central ba...
Tag: Jobs
2023 Layoffs: Zoom Cuts 1,300 Jobs
Zoom—which took off as employers quickly pivoted to remote meetings during the Covid-19 pandemic, announced plans on Tuesday to cut 1,300 employees—becoming the latest U.S. company to implement job cu...
Dell Reportedly Cuts 6,650 Jobs
Tech giant Dell is laying off 6,650 workers—5% of its workforce—Bloomberg reported Monday, becoming the latest U.S. company to implement job cuts as recession fears continue into 2023. February 6Texas...
Dell to cut 6,650 jobs, report says
Dell Technologies will join the ranks of technology companies slashing jobs as the computer maker will shed 6,650 positions, according to a published report on Monday. Citing a company spokesman after...
Dell to Cut About 6,650 Jobs, Battered by Plunging PC Sales
(Bloomberg) — Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs, becoming the latest technology company to announce it will let thousands o...
ChatGPT Will Replace Some Jobs, But Traders Say Not Theirs
(Bloomberg) — Advanced artificial intelligence systems stand to threaten jobs primarily in the financial, legal and technology sectors, according to the latest MLIV Pulse survey. Most Read from ...
Traders Face Geopolitical, Jobs Hurdles; Yen Drops: Markets Wrap
(Bloomberg) — The trading week opens in Asia with a mixed message from equity futures, along with headwinds from an unexpectedly strong US jobs report and the downing of an alleged Chinese spy b...
Some employers are still adding jobs. Here’s who is hiring.
The economy may be showing signs of weakness, with consumer spending wobbling and home purchases sinking on higher borrowing costs, but there’s one economic pillar that isn’t slowing down ...
Trader Bags $12 Million in Bold Trade Right Before Jobs Data
(Bloomberg) — Just minutes before the monthly jobs report was published on Friday, a trader placed a risky bet in federal funds futures that ended up paying off in a big way. Most Read from Bloo...
Brent Tumbles Below $80 as Swelling Supplies Outweigh Jobs Data
(Bloomberg) — Oil tumbled to the lowest levels since early January as long-term headwinds overwhelmed the positive sentiment from a strong US jobs report. Most Read from Bloomberg Brent crude, t...
Bitcoin (BTC) Dips Lower on Extremely Strong Jobs Report
Alex Dovbnya Bitcoin (BTC) dipped lower on Friday following release of latest US jobs report, which showed that US labor market remains overheated Bitcoin, the world’s largest cryptocurrency, sl...
Jim Cramer says strong January jobs report shows the economy can handle more rate hikes
CNBC’s Jim Cramer on Friday said that the January jobs report shows that the economy will remain resilient, despite the Federal Reserve’s interest rate hikes. “If the Fed Chief wants...
How Zelle is different from Venmo, PayPal and CashApp
More than half of smartphone users in the U.S. are sending money via some sort of peer-to-peer payment service to send money to friends, family and businesses. Stocks of payment services like PayPal, ...
What January US Jobs News Means For Bitcoin (BTC) Next Month
Bitcoin News: The January US jobs report indicated the inherent strength of the labor market amid concerns of high inflation in the country. This could potentially have a significant bearing in the Fe...
The stock-market rally survived a confusing week. Here’s what comes next.
Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023’s young but robust stock-market rally very much alive. But a cloud of confusion also sets over t...
Bitcoin, ether slip as unexpectedly strong US jobs report signals continued rate hikes
Cryptocurrencies and traditional markets slid as the U.S. jobs report numbers more than doubled estimates. Bitcoin and ether were down more than 2% over the previous 24 hours at about 9:40 a.m....
Here’s where the jobs are for January 2023 — in one chart
The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment. That one service sector saw an increase of 128,000 jobs in the month, led by 99,...
Labor Market Added 517,000 Jobs In January—Unemployment Rate Falls To 54-Year Low Of 3.4%
Topline Despite waves of layoffs hitting some of the nation’s largest employers, the unemployment rate unexpectedly fell, and the labor market added back more jobs than expected in January—adding to s...
Payrolls increased by 517,000, unemployment rate at 53-year low
The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022. Nonfarm payrolls increased by 517,000 for January, above the Do...
Dow Jones Futures: Apple, Google, Amazon Skid, Jobs Report Looms; Market Rally Due For Pullback?
Dow Jones futures tilted lower overnight, while S&P 500 futures fell and Nasdaq futures plunged, with Apple stock, Amazon.com (AMZN) and Google parent Alphabet (GOOGL) falling on earnings. Meanwhi...
FedEx lays off 10% of officers and directors amid cooling demand
Raj Subramaniam, FedEx Corporation, speaks at the U.S. Chamber of Commerce Aviation Summit in Washington, D.C. on March 5, 2020. Kristoffer Tripplaar | Sipa via AP Images FedEx is cutting more than 10...
DraftKings cuts 140 jobs
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston. David L. Ryan | The Boston Globe via Getty Images DraftKings is e...
Why 2022 was the ‘real year’ of the Great Resignation
andresr | E+ | Getty Images More than 50 million workers quit their jobs in 2022, according to federal data, breaking a record set the year prior and demonstrating the resilience of a hot labor market...
ADP jobs report January 2022:
Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday. Companies added just 106,000 new workers ...
Crypto Industry Cuts Jobs Despite Bitcoin Highs
Significant crises and unpleasant events negatively impacted Bitcoin and other crypto asset prices in 2022. Some notable events include the collapse of Terra and its ecosystem, the implosion of the FT...
Investors dangerously ignoring bear market impact on earnings
Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previou...
3M To Ax 2,500 Manufacturing Jobs Citing Turbulent Macroeconomic Forces
Education Images/Universal Images Group via Getty Images Key takeaways 3M announced poor Q4 results and a weak outlook for 2023 As part of the announcement, 3M announced a layoff of 2,500 workers, mos...
Demand for jobs drops off in January, headhunter Robert Half says
Robert Half International Inc.’s stock rallied Friday after fourth-quarter profit beat expectations, but the staffing-services company provided a mixed outlook for the current quarter as revenue from ...
Jobs report tells markets what Fed chairman Powell tried to tell them
Oh dear. A lot of investors just learned again, the hard way, the old rule: When someone tries to tell you something about themselves, listen. On Wednesday afternoon Federal Reserve Chairman Jerome Po...