Hiring falls off in November to slowest rate since July
Private payrolls grew at their slowest pace since July amid a deceleration in large business hiring for November, ADP’s monthly payrolls report said Wednesday. Companies hired 307,000 workers last month, well below the 475,000 estimate from a Dow Jones survey...
Fintech firm Revolut names former Citigroup executive Rebecca Macieira-Kaufmann to its US board
Rebecca Macieira-Kaufmann Source: European fintech giant Revolut has hired former Citigroup executive Rebecca Macieira-Kaufmann to its U.S. board as it seeks to expand in the world’s biggest economy. Macieira-Kaufmann spent 12 years at Citigroup, most recently as head of Citigroup’s...
China continuing to outpace the U.S. economy, CFO survey reveals
China’s economic outlook is improving faster than in other regions around the world, including the U.S. according to the latest CNBC Global CFO Council survey for the fourth quarter 2020. Emmanuel Wong | Getty Images For the second straight quarter,...
Stocks making the biggest moves after hours: Salesforce, Slack, Box and more
People wear protective face masks outside Salesforce Tower as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 22, 2020 in New York City. Noam Galai | Getty Images Check out...
Dow futures rise more than 200 points after Wall Street wraps up historically strong month
Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. Dow Jones Industrial Average futures traded 236...
Weekly jobless claims counts are inaccurate and the unemployed are being underpaid, watchdog says
Erin Scott/Bloomberg via Getty Images The Department of Labor has been both miscounting the number of people receiving unemployment benefits and underpaying those under a special program instituted to address the coronavirus pandemic, according to a government watchdog report Monday....
October pending home sales fall unexpectedly, as high prices take their toll on buyers
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Strong, pandemic-induced demand for housing is still there, but buyers may now be hitting an affordability...
Winklevoss twins say bitcoin will be the decade’s best performing asset, see ’25x’ gains from here
Cameron (L) and Tyler (R) Winklevoss. Adam Jeffery | CNBC Early bitcoin investors and founders of crypto-exchange Gemini, Tyler and Cameron Winklevoss, see bitcoin gaining more than 25 times its current value as more investors adopt the cryptocurrency as an...
Stock futures fall slightly as Wall Street is set to wrap up a historic November
Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average fell 80 points. S&P 500 futures traded 0.1% lower and Nasdaq 100 futures...
Congress stalled on stimulus talks and time is running out as millions face a ‘benefits cliff’
Bill Clark | CQ-Roll Call, Inc. | Getty Images “If we are going to get another round of stimulus, I can’t imagine that won’t be included in it,” said Michael Strain, director of economic policy studies at right-leaning think tank...