Job growth stumbled in April, with a few previous areas of strength showing meager job additions or even losses. The U.S. economy added 175,000 jobs overall, well below Wall Street expectations. Health care and social assistance again led the way with a gain of 87,000 jobs, but construction and leisure and hospitality added fewer than … Read more
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The typical family office costs more than $3 million a year to operate, as competition for talent drives up staffing expenses, according to … Read more
Japanese Finance Minister Shunichi Suzuki speaks during the presidency press conference at the G7 meeting of finance ministers and central bank governors, at Toki Messe in Niigata, Japan, Saturday, May 13, 2023. Pool | Via Reuters Japanese Finance Minister Shunichi Suzuki on Friday backed currency interventions by his country’s policymakers if the yen moved in sharp … Read more
Shares of Danish pharmaceutical giant Novo Nordisk slid 4% on Friday, extending a 2.7% loss on Thursday as analysts pored over the details of the firm’s first-quarter results and monitored a potential rival weight loss treatment. It puts the stock on track for its sharpest daily decline since October 2023, according to LSEG data. The company reported that … Read more
A Long March 5 rocket, carrying the Chang’e-6 mission lunar probe, lifts off as it rains at the Wenchang Space Launch Centre in southern China’s Hainan Province on May 3, 2024. Hector Retamal | Afp | Getty Images China on Friday launched a space probe to collect samples from the far side of the moon … Read more
My top 10 things to watch Friday, May 3 The Dow , the S & P 500 and the Nasdaq set to surge at Friday’s open, moving a leg higher after data showing much weaker-than-expected jobs growth in April. Bond yields drop after the report. Gains in Apple are boosting all three stock indexes. The … Read more
The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, reversing a trend of robust job growth that had kept the Federal Reserve cautious as it looks for signals on when it can start cutting interest rates. Nonfarm payrolls increased by 175,000 on the month, below the 240,000 estimate from … Read more
Director of National Intelligence Avril Haines testifies before the Senate Armed Services Committee May 2, 2024 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images The top U.S. intelligence official warned Congress of an alarming rise in cyberattacks at a hearing on global threats Thursday. Director of National Intelligence Avril Haines said … Read more
A logo outside a Societe Generale SA office building in central Paris, France, on Monday, Feb. 5, 2024. Bloomberg | Bloomberg | Getty Images A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for … Read more
A picture shows logos of the big technology companies named GAFAM, for Google, Apple, Facebook, Amazon and Microsoft, in Mulhouse, France, on June 2, 2023. Sebastien Bozon | AFP | Getty Images Late last year, an artificial intelligence engineer at Amazon was wrapping up the work week and getting ready to spend time with some … Read more
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