The yield on the 10-year Treasury surged Friday as investors assessed a strong nonfarm payrolls number for May that fueled concerns that the Federal Reserve may not cut rates as soon as expected. The yield on the 10-year Treasury jumped nearly 15 basis points to 4.43%. The 2-year Treasury yield rose about 17 basis points … Read more
Mark Bertolini has helped Oscar Health move toward profitability after taking over as CEO of the health insurer a year ago. Now, he says the company’s next phase of growth and profitability will focus on tapping into the employer market. That effort will include “going after the 71 million lives that are in small group … Read more
A bartender prepares drinks in Le Central restaurant in San Francisco, California, US, on Tuesday, May 7, 2024. David Paul Morris | Bloomberg | Getty Images Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness in the labor market. The payroll processing firm said … Read more
President Joe Biden delivers remarks about immigration and border security on February 29, 2024 in Olmito, Texas. Cheney Orr | Getty Images President Joe Biden’s new executive order tightening asylum limits at the U.S.-Mexico border could have the double-edged economic effect of tightening labor markets, while also easing supply chain bottlenecks between the two countries, … Read more
Early in her career, Kelly Harry worked at a major news organization in New York City as an account executive in ad sales. “I was making $40,000 a year, and I really thought that that was a lot of money at the time, until I had a casual conversation with my co-worker who was actually … Read more
In 2024, Gen Z workers are expected to outnumber baby boomers in the American labor force for the first time. But right now, the workforce’s youngest generation, the oldest of whom are 27, is treated as a novelty — with everything from their email signatures to their salary expectations put under the microscope. CNBC Make It explores … Read more
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Companies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference in early access. Small businesses and their workers are often stuck … Read more
Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images) Joan Cros | Nurphoto | Getty Images South Korean authorities are investigating Samsung, after assessing that two workers at one of the tech giant’s plants were exposed to radiation. The two patients, who are … Read more
Bobbi Radford showed up at the CVS MinuteClinic in Batavia, Ohio, last Thanksgiving because she had pain in her arm. “I waited an hour and then was told to go to the [emergency room].,” Radford said. Filling the staffer in on her history of congestive heart failure, she was directed to go to the ER. But Radford says after she did … Read more
Americans are leaving paid time off on the table. A majority, 78%, of U.S. workers say they don’t use all of their PTO, according to a new Harris Poll survey of 1,170 American workers. People cited busy schedules, heavy workloads and a persistent “pressure to always be available” as the biggest impediments to taking more … Read more
