‘This is going to be one of the best Christmas seasons ever,’ market bull Ed Yardeni says
Long-time market bull Ed Yardeni is delivering a dose of optimism into year-end. Yardeni, who’s known for running investment strategy for Prudential and Deutsche Bank, expects the holidays to boost stocks deeper into record territory. “This is going to be...
Berkshire’s operating earnings pop 18% last quarter with Buffett’s cash pile at record $149 billion
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses...
Stocks making the biggest moves midday: Shake Shack, Peloton, Canada Goose and more
Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Chris So | Toronto Star | Getty Images Check out the companies making headlines in midday trading. Peloton — Shares of the exercise bike company tumbled more...
Biden lauds strong October jobs report as House works toward votes on big economic bills
US President Joe Biden delivers remarks on the October jobs report from the State Dining Room of the White House in Washington, DC on November 5, 2021. Brendan Smialowski | AFP | Getty Images WASHINGTON – President Joe Biden lauded...
Retailers look to staff up ahead of holiday rush with workers in short supply
My Secret Stash in Traverse City, Mich., is thinly-staffed ahead of the holiday rush. Owner Karen Hilt is gearing up for a strong shopping season. Courtesy: My Secret Stach Karen Hilt owns My Secret Stash in Traverse City, Michigan, retailing...
Biden meets with Fed leaders Powell and Brainard as nomination decision nears
Lael Brainard, governor of the U.S. Federal Reserve with Fed Governors, Jerome Powell and Stanley Fischer. Andrew Harrer | Bloomberg | Getty Images President Joe Biden met with Federal Reserve Chairman Jerome Powell and Governor Lael Brainard on this week...
Job creation roars back in October as payrolls rise by 531,000
The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones...
Long-term unemployment falls by 357,000 people but is still elevated
A man speaks with a woman about openings at a bakery at the Employers Only Long Island Food, Beverage and Hospitality Job Fair on Oct. 19, 2021 in Melville, New York. BRYAN R. SMITH | AFP | Getty Images About...
Strong jobs report shows economy back on track for further growth
Workers at Stellantis’ Detroit Assembly plant which produces the new 2021 Grand Cherokee L, a new three-row SUV. Michael Wayland | CNBC Broad-based strength in hiring in October signals the economy is shaking off the Covid-related slump of the third...
Higher inflation may be ‘more entrenched’ than transitory, CEO of major Asian bank says
SINGAPORE — There are signs that higher prices will become “more entrenched” and harder to reverse, according to the chief executive of Singapore’s largest bank. “You’re beginning to see more entrenched inflation coming through,” Piyush Gupta, CEO of DBS...
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