Month: September 2024
August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month. Nonfarm payrolls expanded by 142,000 during the month, down from 89,000 in July and below the 161,000 consensus forecast from Dow Jones, according […]
Read More
Trump is no threat to U.S. democracy, according to historian Niall Ferguson
Claims that former U.S. President Donald Trump is a threat to the country’s democracy have been weakened by the legacy of his first term, historian Niall Ferguson said Friday. “I think this whole argument that Donald Trump was going to end democracy and establish some kind of American fascism was blown up because of the […]
Read More
Stocks making the biggest moves premarket: Bowlero, UiPath, Broadcom and more
Check out the companies making headlines before the bell. Bowlero – Shares gained more than 12% after the bowling alley chain’s revenue for the fiscal fourth quarter revenue topped Wall Street’s expectations. Revenue for the period came in at $283.9 million. According to FactSet, analysts had expected $273.4 million. The higher end of the company’s […]
Read More
Google’s second antitrust trial could help shape the future of online ads
A pedestrian passes by the Google office in New York City on Jan. 25, 2023. Leonardo Munoz | View Press | Getty Images A month after losing a landmark antitrust case brought by the Department of Justice, Google is headed back to court to face off for a second time against federal prosecutors. In August, […]
Read More
The Green Bay Packers are the one NFL team owned by its fans. Here’s how it works
Jeff Robinson | Icon Sportswire | Getty Images Only one National Football League team has an ownership structure that resembles a publicly traded company. The Green Bay Packers, who are the 12th most-valuable NFL franchise at $6.3 billion, according to CNBC’s Official 2024 NFL Team Valuations, are the only publicly owned team across the four […]
Read More
Britain needs extra $1.3 trillion investment for economic growth, report says
City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty Images Britain needs an additional one trillion pounds ($1.3 trillion) in investment in […]
Read More
AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars
Amazon Web Services CEO Adam Selipsky speaks with Anthropic CEO and co-founder Dario Amodei during AWS re:Invent 2023, a conference hosted by Amazon Web Services, at The Venetian Las Vegas in Las Vegas on Nov. 28, 2023. Noah Berger | Getty Images Almost three years into a largely dormant IPO cycle, venture capitalists are in […]
Read More
Telegram CEO says French charges against him are ‘misguided’ — read his full statement
Pavel Durov, chief executive officer of Telegram, at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 23, 2016. Chris Ratcliffe | Bloomberg | Getty Images The boss of messaging platform Telegram said late Thursday that charges against him by France are “misguided,” in his first public comments since being detained in the country […]
Read More
Hungary’s Orbán says election of new EU Commission ‘neglected’ the desire for change
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Hungarian Prime Minister Viktor Orbán said the previous European Commission was unsuccessful and it’s not clear the new Commission will be any different. “I try to support the Commission as much as I can, but being a rational man, I think we […]
Read More
88 corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Throwback Brewery, in North Hampton, New Hampshire, on September 4, 2024. Joseph Prezioso | AFP | Getty Images WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in […]
Read More