After years of high inflation and a looming recession that never quite happened, Americans are suddenly much more optimistic about the economy. Positive sentiment about the economy has surged by 29% since the beginning of December â the largest two-month increase since 1991, according to the closely watched University of Michigan Surveys of Consumers. This … Read more
A shopper carries several bags in the Magnificent Mile shopping district of Chicago on Dec. 2, 2023. Taylor Glascock | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
People cross the street outside the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more
Lucy Alexandra Spencer spent 16 weeks abroad last year in Oman, France, Switzerland and Portugal. Unlike with most people, traveling is how she earns â rather than spends â money. The trips are paid for by Spencer’s employers â they’re wealthy Europeans and Americans who hire her to travel with their families for weeks and, … Read more
Many of the market’s top companies with the largest workforces in the nation are touting degreeless jobs and actively removing degree requirements from more job postings. The idea of hiring based on skill rather than completion of college education for certain roles has become more prevalent at a time when workers are in short supply … Read more
Prices on displayed in a New York grocery store on Feb. 1, 2023. Leonardo Munoz | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more
A man walks past a grocery store on February 01, 2023 in New York City. Wages for workers in most major U.S. cities grew at a slower pace in the final three months of 2022, with inflation still outstripping pay for many workers. Leonardo Munoz | Corbis News | Getty Images This report is from … Read more
Black women make up less than 10% of the U.S. population, but they’ve emerged as the fastest-growing group of entrepreneurs, new research from GoDaddy has found. The number of Black women-owned businesses in the U.S. was trending upward even before the Covid-19 pandemic, which accelerated entrepreneurship overall. Between 2017 and 2020, the number of Black … Read more
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
The job market might look solid on paper â unemployment is low, job openings are high â but the reality for many Americans on the job hunt tells a different story. LinkedIn feeds are crowded with layoff announcements. Mentions of recruiters ghosting job applicants have more than doubled on Glassdoor since before the Covid-19 pandemic. … Read more
