Personnel
The case for more Fed rate cuts could rest on a ‘systemic overcount’ of jobs numbers
In the Federal Reserve’s battle between fighting inflation and limiting unemployment, the latter side carried the day Wednesday and could also have an edge heading into 2026 if labor market weakness becomes more evident through an apparent overcounting of jobs numbers. In the immediate term, worries over the employment situation meant a vote, albeit divided […]
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Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows
While markets expect Kevin Hassett to be named the next Federal Reserve chair, he is pointedly not the choice of respondents to the CNBC Fed Survey. The December survey shows 84% believe President Donald Trump will tap Hassett, director of the National Economic Council, to head the central bank. But only 11% think that’s what the […]
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Starbucks Workers United holds rally in NYC as strikes continue for a third week
NEW YORK — Starbucks Workers United held a rally outside the Empire State Building on Thursday as its open-ended strike entered its third week and no signs of an impending resolution. Adding to the crunch of holiday shoppers and tourists, several hundred picketers gathered outside of the famous landmark, which is also the site of […]
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Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says
A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty Images Announced job cuts from U.S. employers moved further ahead of 1 million for the year in November as corporate restructuring, artificial intelligence and […]
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Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says
Commerce Secretary Howard Lutnick on Wednesday denied that the Trump administration’s tariff policies were to blame after a new report showed a surprise drop in private payrolls in November. Instead, Lutnick argued on CNBC’s “Squawk on the Street” that the government shutdown temporarily slowed small-business activity. He added that the federal efforts to enact mass […]
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November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports
A hiring sign is displayed in the window of a business in Manhattan on Nov. 27, 2025 in New York City. Spencer Platt | Getty Images The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday. With worries intensifying […]
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Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026
President Donald Trump’s tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering domestic head count instead, according to recent statements from corporate executives and economic forecasters. With the labor market already on its heels in a no-fire, no-hire climate, concerns are rising that the duties on U.S. imports will raise […]
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Michael and Susan Dell to donate $6.25 billion to fund ‘Trump accounts’ for 25 million U.S. kids
Michael Dell, Chairman and CEO of Dell Technologies, speaking at the Mobile World Congress 2024 in Barcelona, Spain, on Feb. 27, 2024. Joan Cros | Nurphoto | Getty Images Michael and Susan Dell announced Tuesday that they have committed $6.25 billion to fund investment accounts for some 25 million American children. The couple’s donation will […]
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CNBC’s Inside India newsletter: Tricky labor reset — balancing business interests with worker welfare
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story India lives in contradictions — think landing a spacecraft on moon but not getting basic infrastructure right, or being the world’s fastest growing economy that has millions struggling […]
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At age 16, he spent $23 to buy a website domain. 9 years later, his blue-collar business brings in $1.3 million a year
Zames Chew and Amos Chew are the co-founders of Repair.sg. Courtesy of Repair.sg Growing up, Zames Chew thought he wanted to work a white-collar role at a company like Google, but his career took a different turn. Today, the 26-year-old runs the Singapore-based handyman service Repair.sg, alongside his 24-year-old brother and co-founder, Amos Chew. In […]
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