Job growth slumps in September, but the unemployment rate hits the lowest level since 1969
Job creation for September fell to its lowest level in a year though the unemployment rate dropped to a point not seen in nearly 50 years, according to Labor Department figures released Friday. Nonfarm payrolls rose just 134,000, well below...
Snap shares dip even after CEO Evan Spiegel targets profitability in 2019
Snap shares slipped on Friday even after it was revealed that chief executive Evan Spiegel said in a memorandum to employees that he wants the company to turn profitable in 2019 and issued a slew of new strategic goals. The...
JP Morgan downgrades HP Inc due to chip shortages, trade tariff risk
HP Inc. will face a more difficult industry environment for its computer business in the next year, according to J.P. Morgan. The firm lowered its rating to neutral from overweight for HP Inc. shares, predicting chip shortages and trade tariffs...
Elon Musk accuses BlackRock of helping short sellers
Tesla CEO Elon Musk has accused large fund managers such as BlackRock for fueling short sellers, a group of investors he has been criticizing on his Twitter account. In a series of Twitter posts on Thursday night, Musk alleged that...
After-hours buzz: TSLA, COST & more
Check out the companies making headlines after the bell: Tesla stock dipped 2 percent in the extended session following a tweet by CEO Elon Musk that mocked the Securities and Exchange Commission, just days after the two reached a settlement...
With the rise in interest rates, Friday’s jobs report just got a lot more important
Friday’s nonfarm payrolls report for September comes at an important time for markets: As inflation fears again pop up, the government’s measures of not only job creation but also wage growth could provide important signposts for what’s ahead. Economists surveyed...
Friday’s jobs report could trigger a stock market correction if wage figures come in too hot
Friday’s nonfarm payrolls report for September comes at an important time for markets: As inflation fears again pop up, the government’s measures of not only job creation but also wage growth could provide important signposts for what’s ahead. Economists surveyed...
Wall Street thinks cryptocurrencies have bottomed but Twitter users doubt it, survey shows
Wall Street institutions and Twitter users are split on bitcoin. But institutions, usually the more cautious ones, are more optimistic when it comes to calling a bottom, according to new surveys. Fundstrat managing partner and head of research Tom Lee...
Booming US economy may soon be the ‘strongest since 1999’, Kevin Warsh says
President Donald Trump’s corporate tax cut and his business deregulation efforts are not just an economic “sugar high,” former Federal Reserve governor Kevin Warsh argued on CNBC Thursday. Most economists “never thought the economy could grow this fast,” said Warsh,...
US and China are at risk of a ’10- or 20-year’ economic cold war, former Fed governor Warsh says
The U.S. relationship with China is “probably as poor as” it was before the Nixon administration opened up ties more than four decades ago, former Fed governor Kevin Warsh told CNBC on Thursday. “We’re at the risk of a real...