• Donald Trump Nov 1, 2019

    US Economy Defies Threats With a Solid Job Gain for October

    A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts and a global slowdown. The economy managed to add 128,000 jobs last month even though tens of thousands of workers were temporarily counted as unemployed because of the now-settled strike against General Motors. What’s more, the government revised...

  • Elon Musk Oct 24, 2019

    Tesla's Stock Soars After Company Posts Surprising 3Q Profit

    Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its first decade as a publicly held company.

  • facebook Aug 12, 2019

    Amazon's Quest for Constant Growth Is Not Leaving It With Many Friends — Except for Wall Street

    From industry stalwarts to high-profile politicians, seemingly everyone’s turning their backs against Amazon these days. Except one: Wall Street. Just this week, old players in two major categories — logistics and pharmacies — turned into foes. FedEx terminated its ground-delivery contract with Amazon, two months after ending its U.S. express shipping deal. Meanwhile, CVS and Walgreens were accused of unfairly...

  • Canada Aug 11, 2019

    Democratic Hopefuls Take Aim at Insurer and Pharma Profits

    Sen. Bernie Sanders and other progressives seeking the Democratic presidential nomination are zeroing in on pharmaceutical and insurer profits, money they say would be better spent providing health care for everyone under “Medicare for All.” Their idea: Health care dollars from government programs, employers and families that are going into the pockets of investors instead could be used to pay...

  • Donald Trump Aug 2, 2019

    US Adds a Solid 164,000 Jobs in July

    U.S. employers sustained a steady pace of hiring in July, adding 164,000 jobs, according to the Bureau of Labor Statistics. The unemployment rate remained at 3.7% for a second straight month, close to a 50-year low. It’s a reassuring sign for an economy that’s endured a series of ups and downs.

  • California Jul 25, 2019

    Tesla Posts $408M Loss in 2Q, Causing Stock to Plummet

    Tesla lost $408 million in its latest quarter as it struggles to prove it can make money selling electric cars at mass-market prices. “We have to make cars more affordable,” Musk conceded.

  • United States Jul 19, 2019

    Netflix Loses $16 Billion in Market Value Following Surprise Subscriber Miss

    Shares of Netflix fell more than 10.3% Thursday after the company reported a loss in domestic paid subscribers for the first time in eight years . Netflix lost more than $16 billion from its market cap following the report, bringing it just below $142 billion. The stock is still up more than 21% so far this year.

  • Donald Trump Jul 5, 2019

    US Adds Solid 224,000 Jobs, Making Fed Rate Cut Less Certain

    U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve late this month on whether to cut interest rates to help support the economy. Most...

  • Donald Trump Jun 7, 2019

    US Hiring Slows Amid Trade Tensions, Weaker Global Economy

    U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth, widening trade conflicts and perhaps some difficulty finding enough workers. Last month’s modest job gain followed a much healthier increase of 224,000 in April. The Labor Department said Friday that the unemployment rate remained...

  • United States May 3, 2019

    US Adds Robust 263K Jobs; Unemployment at Decades-Low 3.6%

    U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work. Average hourly...

  • Department of Labor May 1, 2019

    Survey: US Businesses Are Hiring; 275K Jobs in April

    U.S. companies in April added the most jobs in 9 months, a sign that hiring remains strong amid solid economic growth. Payroll processor ADP said Wednesday that businesses hired 275,000 people last month, up from just 151,000 in March. That’s a much higher number than economists forecast for Friday’s government jobs report. Current projections call for the Labor Department to...

  • facebook Apr 25, 2019

    Facebook Anticipates an FTC Privacy Fine of up to $5 Billion

    Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users’ privacy. The company set aside $3 billion in its quarterly earnings report Wednesday as a contingency against the possible penalty but noted that the “matter remains unresolved.”

  • Chicago Apr 24, 2019

    Boeing's Troubled Jet is Costing $1 Billion to Fix So Far

    Boeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The $1 billion figure is a conservative starting point. It covers increased production costs over the next few years but...

  • CEO Apr 19, 2019

    Sears Sues Former Chairman Eddie Lampert

    Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.

  • United States Mar 8, 2019

    US Wages Rise by Most in Decade Even as Hiring Tumbles

    The pace of hiring in the United States fell last month to its lowest point in nearly a year and a half, a surprise drop likely reflecting harsh weather and other temporary factors that led most economists to see the slowdown as a temporary blip. Employers added just 20,000 jobs, down from a blockbuster 311,000 in January. Even with February’s...

  • CEO Feb 28, 2019

    JC Penney Closes More Stores After a Weak Holiday Season

    J.C. Penney is closing more stores following weak holiday sales season for the retailer. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on strong holiday sales.

  • CEO Jan 30, 2019

    Apple Opens New Chapter as iPhone Sales Fall and Stock Sinks

    Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. Results released Tuesday revealed the magnitude of the iPhone slump — a 15 percent drop in revenue from the previous year. That decline in Apple’s most profitable product...

  • CEO Jan 16, 2019

    Sears Reaches Deal With Chairman Eddie Lampert to Save Company and Roughly 400 Stores: Source

    Midday Tuesday, billionaire Eddie Lampert’s efforts to keep Sears alive were dead. Lawyers and bankers who had been holed up in the offices of Weil, Gotshal & Manges on Fifth Avenue to work out a deal between Lampert and Sears Holdings were resigned to the reality that the company would liquidate and the Sears chairman’s efforts to save up to...

  • Attorney Jan 14, 2019

    Sears' Chairman Stands at the Center of Fight for Company

    As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He’s been chairman, CEO, lender, and largest shareholder —...

  • China Jan 7, 2019

    After Stock Swings, Wall Street Has Plenty to Be Nervous About

    Welcome to the brave new world of investing, where every day in the stock market can feel like bedlam. Investors have been careening from fear to relief and back again as they react to morsels of news about the health of the economy and corporate profits, the global trade war and when the Federal Reserve will next raise interest rates....

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