April jobs report holds out hope for these entry-level workers
With summer just on the horizon, about three-and-a-half million high school seniors will soon graduate. For those graduates who plan on finding a part-time or full-time job, the April jobs report shows that numerous opportunities await them, particularly in the...
Unemployment rate dips to 3.9% in April, lowest since 2000
The unemployment rate fell to 3.9 percent in April, an 18-year low, even as nonfarm payrolls rose by just 164,000, according to a report Friday from the Bureau of Labor Statistics. Economists surveyed by Reuters had expected payroll growth of...
Here are the high-paying jobs going empty right now
The country’s official jobs number report released by the Bureau of Labor Statistics charts the unemployment rate—and has been the cause for cheer the last few cycles. While this rosy economic outlook spells good news for many Americans, a growing...
These are the states doing the best under Trump’s administration
The Bureau of Economic Analysis, a government agency under the Commerce Department, released its compilation of gross domestic product data by state in 2017 on Friday. The state of Washington grew the fastest under the first full year of President...
Elon Musk defends his strange conference-call performance, blasts analysts he says are betting against Tesla stock
Tesla chief executive Elon Musk took to Twitter early Friday to defend his peculiar behavior on an earnings conference call that caused shares of the electric car maker to lose more than 5 percent. “The ‘dry’ questions were not asked...
US reportedly lays down a list of trade demands to China
The U.S. stands ready to impose further trade tariffs on Chinese products if Beijing walks away from agreed-upon commitments, according to a reporter at the Wall Street Journal. Trade representatives from the U.S. and China entered a second day of...
HSBC, Europe’s largest bank, announces a 4% fall in pre-tax profit
HSBC, Europe’s largest banks by assets, on Friday reported a 4 percent fall in profit before tax in the first quarter of 2018 as operating costs rose. The bank’s pre-tax profit for the first three months of the year fell...
Buffett’s Berkshire Hathaway bought stunning 75 million Apple shares in first quarter
Wall Street may have had doubts about Apple before the company reported its most recent quarterly earnings, but one of the tech company’s biggest shareholders — Warren Buffett — didn’t. In the first quarter, Buffett’s Berkshire Hathaway bought an astounding...
Market volatility is not over: Wall Street strategist
Thursday’s roller-coaster ride on Wall Street was the market’s attempt to assess risks, said Nicholas Colas, co-founder of Datatrek Research. “The underlying tone of the market is one toward volatility,” the Wall Street veteran told CNBC on Thursday. “The market...
JP Morgan’s latest hire shows what the hottest field at investment banks is right now
J.P. Morgan Chase hired a veteran professor as head of artificial intelligence research as the investment bank prepares for wider adoption of automation. The bank said that Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will...
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