The end of $600 unemployment boost and slim job prospects leaves many struggling to survive
Fancy/Veer/Corbis | Getty Images Bianca Thomas was always working. Except on Sunday — that was church day. But in March, everything changed. Thomas lost her job as a prep cook in an eatery catering to Boston Bruins and Celtics season ticket...
The jobs report was better than expected, but market worries gains will be fleeting without stimulus
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images Markets see a slight...
Stocks making the biggest moves midday: FedEx, T-Mobile, Uber & more
A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday...
The unemployment rate fell in July. Here’s why that’s important
A Jos. A. Bank store location in San Francisco announces its permanent closure on Aug. 6. David Paul Morris/Bloomberg via Getty Images The unemployment rate fell for the third straight month, to 10.2% in July. That exceeded expectations, as employers...
Payrolls increase by nearly 1.8 million, topping expectations despite coronavirus resurgence
Two months of record-setting payroll growth slowed in July but was still better than Wall Street estimates even as a rise in coronavirus cases put a damper on the struggling U.S. economy. Nonfarm payrolls increased 1.763 million for the month,...
UK digital bank Starling’s losses doubled in 2019 — but it expects to break even this year
Anne Boden, CEO of Starling Bank, speaking at Web Summit 2019 in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit via Getty Images British digital challenger bank Starling said Thursday that its losses doubled in 2019, but that it...
Trump’s dream of a ‘V’ recovery is hanging in the balance of stimulus talks
As the White House has continued to push a narrative of a sharp recovery after a history-making recession, the economic data in large part has not been cooperating. Jobs numbers of late are showing progress but pointing to at best...
Goldman names new head of digital assets in bet that blockchain is the future of financial markets
Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively....
Mortgage rates set another record low, but borrowers take a step back
Record low mortgage rates are clearly not as impressive as they used to be. Even with another new low set last week, mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index....
Private payroll growth slows sharply in July amid spike in virus
The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday. That total was well below the 1 million expected from economists surveyed by Dow Jones and...
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