Biden sees economy avoiding recession, but risks remain

Biden sees economy avoiding recession, but risks remain

WASHINGTON (AP) — President Joe Biden assured Americans Friday that the U.S. economy is doing well over the holiday season, but the sheer strength of a new jobs report showed that high inflation remains a threat of recession. At the White House, the president signed an emergency bill to avert a railroad strike that he … Read more

The November jobs report is the most important data for inflation this year – and not in a good way

The November jobs report is the most important data for inflation this year – and not in a good way

The November US jobs report released on Friday showed the US economy added 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal expected an addition of 200,000 jobs. Wages jumped 0.6% in November, twice the pace expected. Below are some early reactions from economists and … Read more

5 things to know before the stock market opens on Friday December 2

5 things to know before the stock market opens on Friday December 2

A GE AC4400CW diesel-electric locomotive in Union Pacific livery, is seen ahead of a possible strike if there is no agreement with the railway unions, as a Metrolink commuter train (right) arrives at the Union Station in Los Angeles, California on September 15, 2022. Bing Guan | Reuters Here are the most important information investors … Read more

35% of millionaires say they won’t have enough to retire, report finds

35% of millionaires say they won’t have enough to retire, report finds

A cool million dollars isn’t what it used to be. There are more millionaires in the United States and around the world than ever before, with nearly 24.5 million millionaires nationwide in 2022, according to the latest Global Wealth Report from the Credit Suisse Research Institute. Even so, having seven figures in the bank offers … Read more

How to Save Money as a Single

How to Save Money as a Single

Photo: NDAB Creativity (Shutterstock) Whether you love the single life or are looking forward to being in a relationship, one thing is certain: it’s expensive to be single. We have already covered personal finance advice you can take advantage of while you’re single, but the cost of being alone is rarely the result of personal … Read more

Marvell Technology, Horizon Therapeutics, DoorDash and more

Marvell Technology, Horizon Therapeutics, DoorDash and more

Marvell Technology Group Source: marvel.com Check out the companies making headlines before the bell: Marvell Technology (MRVL) – The chipmaker’s stock slid 4.9% premarket after quarterly sales and earnings fell short of Wall Street estimates. Marvell also issued a weaker than expected outlook. Inventory reductions by its customers are hurting results, he said. investment related … Read more

Congress votes to avoid railroad strike amid dire warnings

Congress votes to avoid railroad strike amid dire warnings

WASHINGTON (AP) — Legislation aimed at averting what could have been an economically ruinous rail freight strike was approved by Congress on Thursday as lawmakers responded quickly to President Joe Biden’s call for federal intervention in a long-standing labor dispute. The Senate passed a bill to tie railroads and workers to a proposed settlement reached … Read more

Salesforce, Five Below, Okta, Costco and more

Salesforce, Five Below, Okta, Costco and more

A shopper loads a car with bottled water at a Costco wholesaler in Chingford, Britain on March 15, 2020. John Sibley | Reuters Find out which companies are making headlines in the midday business. Selling power — Shares of the cloud-based software company fell more than 9% after the company announced the sudden departure of … Read more

Designer brands, Lands’ End, Salesforce and more

Designer brands, Lands’ End, Salesforce and more

Front view of Lands’ End store NYC Pop-Up opening on Vererans Day with the Bob Woodruff Foundation on November 11, 2015 in New York City. Brian Bedder | Getty Images Check out the companies making headlines before the bell: Designer brands (DBI) – Shares of the shoe retailer fell 15.6% in pre-market after missing high … Read more

South African President Ramaphosa faces impeachment over ‘Farmgate’ scandal

South African President Ramaphosa faces impeachment over ‘Farmgate’ scandal

President Cyril Ramaphosa during a breakfast briefing ahead of the World Economic Forum on January 18, 2018 in Johannesburg, South Africa. Moeletsi Mabe | Sunday hours | Gallo Pictures | Getty Images South African President Cyril Ramaphosa could face impeachment after an independent panel found he may have breached anti-corruption law while investigating a robbery … Read more