Companies hired nearly a million new workers in May, ADP says
Private job growth for May accelerated at its fastest pace in nearly a year as companies hired 970,000 workers, according to a report Thursday from payroll processing firm ADP. It was a big jump from April’s 654,000 and the largest...
Tesla recalls hundreds of Model 3 cars that were shipped to China
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — Tesla is recalling more than 700 units of its Model 3 electric car that...
3.7 million Americans set to lose unemployment benefits early as 25 states exit federal programs
Maryland Gov. Larry Hogan Chip Somodevilla | Getty Images News | Getty Images Around 3.7 million Americans will be affected by states’ early withdrawal from federal unemployment programs, according to a CNBC analysis of Labor Department data. In the past...
U.S. inflation is transitory but could become more persistent, says ex-Fed official Dudley
The recent spike in U.S. inflation is likely transitory for now — but it could become more persistent in the coming years as more people return to work, said former New York Fed President William Dudley. “I think that the...
U.S. Treasury Secretary Yellen and China’s vice premier talk about cooperation and economic recovery
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Premier Liu He...
Market bull predicts calmer June but delivers a summer swoon warning
Investors may get relief from volatility this month. According to CFRA Research’s Sam Stovall, Wall Street just entered a historically calm month. “June really is sort of a lackluster month in terms of average returns [and] in terms of frequency...
China’s Robinhood rivals pile into the crypto craze as they look to compete overseas
In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket | Getty Images BEIJING — Two of China’s rivals to stock trading app Robinhood...
Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed
Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection. GHI | Universal Images Group | Getty Images A century ago this week, the wealthiest U.S. Black...
AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%
Shares of AMC Entertainment gyrated on Friday as speculative trading activities continued to escalate. The stock closed down 1.5% after rallying as much as 38% earlier Friday. Despite the intraday reversal, shares advanced more than 116% week to date, bringing...
Stocks making the biggest moves midday: AMC, Ulta Beauty, Best Buy, HP and more
Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360...