Blue collar no more: Skilled auto technicians are in high demand
Across the country there are more drivers on the road, and many of them hanging on to their vehicles longer than ever. That means workers like Michael Gerhart are in demand. Gerhart, a master auto technician at Pep Boys, has...
Larry Kudlow says the weak jobs report is ‘very fluky,’ and he wouldn’t pay attention to it
White House economic advisor Larry Kudlow said Friday’s shockingly weak jobs report is “very fluky,” and he would advise not paying “any attention to it.” The reported gain of 20,000 jobs in February was the lowest monthly increase since September...
Your first trade for Friday, March 8th
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Chevron. Karen Finerman was a buyer of General Motors. Steve Grasso was a buyer of Lennar. Dan Nathan was a buyer of...
Here’s what the ‘real’ unemployment rate is
The unemployment rate fell to 3.8 percent in February, according to the Labor Department. But a broader measurement says the jobless rate plunged to 7.3 percent last month. The 3.8 percent figure is known as the U-3 rate, which is...
How the epic ‘Lord of the Rings’ deal explains Amazon’s slow-burning media strategy
When Amazon pursued the rights to a “Lord of the Rings” series in 2017, the company knew it would have to overcome some major obstacles to lure the J.R.R. Tolkien estate to its video-streaming platform. Amazon was a relative newcomer...
US housing starts jump more than expected in January
U.S. homebuilding increased more than expected in January as construction of single-family housing rebounded after four straight monthly declines, but building permits for these units fell to the lowest level since mid-2017. Housing starts jumped 18.6 percent to a seasonally...
Job creation grinds to a near-halt in February; wages still on the rise
Job growth came to a near halt in February after a blistering start to the year, with nonfarm payrolls increasing by just 20,000 even as the unemployment rate fell to 3.8 percent, the Labor Department reported Friday. It was the...
Stocks making the biggest moves after hours: Costco, Eventbrite and more
Check out the companies making headlines after the bell: Shares of Costco jumped more than 4 percent in extended trading Thursday following the release of the company’s mixed second-quarter earnings. The retail company posted earnings of $2.01 per share on...
February’s jobs report should show whether there’s anything to really fear about economy
February’s employment report is expected to show strong job and wage growth, and could signal that the economy’s slower growth in the first quarter is just a speed bump rather than a sign of trouble. The economy was expected to...
US households see biggest decline in net worth since the financial crisis
Americans’ net worth fell at the highest level since the financial crisis in the fourth quarter of 2018 as sliding stock market prices ate into the household balance sheet. Net worth dropped to $104.3 trillion as the year came to...
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