Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says
The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well…
Goldman Sachs is cutting jobs again amid Wall Street deals slump
Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a slump…
Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate
WASHINGTON — The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House…
Consumer debt passes $17 trillion for the first time despite slide in mortgage demand
Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid…
Stocks making the biggest moves premarket: Advance Auto Parts, SoFi, Twilio and more
Check out the companies making headlines in premarket trading. SoFi — The financial services platform added nearly 7%. A deal…
Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more
Check out the companies making the biggest moves midday. Intel — Shares popped 4.83% after the chipmaker’s finance chief said…
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder…
Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to…
TripAdvisor rival GetYourGuide nears $2 billion valuation as it raises fresh funds to invest in A.I.
German online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on a bump in demand for travel…
Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead
Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend…
