Markets aren’t a good barometer for the economy

Markets aren’t a good barometer for the economy

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024. Brendan Mcdermid | Reuters 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 … Read more

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas.  Brandon Bell | Getty Images Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job … Read more

U.S. jobs report, Volvo Cars, A350 inspections

U.S. jobs report, Volvo Cars, A350 inspections

LONDON — European stocks closed lower Friday afternoon, paring earlier gains after a weaker than expected U.S. jobs report clouded global sentiment. The pan-European Stoxx 600 closed down 1.15%, with all major bourses and almost all sectors ending in the red. Tech and mining stocks saw the biggest losses, shedding 2.39% and 2.41%, respectively. Health … Read more

U.S. airlines cool hiring after adding employees in post-Covid spree

U.S. airlines cool hiring after adding employees in post-Covid spree

A pilot performs a walkaround before a United Airlines flight Leslie Josephs/CNBC U.S. passenger airlines have added nearly 194,000 jobs since 2021 as companies went on a hiring spree after spending months in a pandemic slump, according to the U.S. Department of Transportation. Now the industry is cooling its hiring. Airlines are close to their … Read more

The Fed won’t go for a 50 basis points jumbo rate cut

The Fed won’t go for a 50 basis points jumbo rate cut

U.S. Federal Reserve Chairman Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. REUTERS/Evelyn Hockstein Evelyn Hockstein | Reuters As investors await the upcoming rate decision by the U.S. Federal Reserve this month, Carl Weinberg … Read more

Port union voices full support for strike, raising U.S. economic fears

Port union voices full support for strike, raising U.S. economic fears

Tugboats guide the Maersk Atlanta container ship at the Port of Newark in Newark, New Jersey, US, on Saturday, March 30, 2024.  Bloomberg | Bloomberg | Getty Images After two days of meetings of North America’s largest longshoremen’s union amid an impasse with port ownership on a new contract, concerns of a strike are growing … Read more

40% of workers are behind on retirement savings. How to catch up

40% of workers are behind on retirement savings. How to catch up

Molly Richardson, 35, regularly contributes to her 401(k) plan, but the structural engineer said she isn’t too worried about retirement yet. “It’s always something I felt like I could wait until I’m 50 to figure out,” she said. Like many other working adults, Richardson has more pressing expenses for now, she said, such as the … Read more

Job openings fell more than expected in July

Job openings fell more than expected in July

Job openings slumped to their lowest level in three and a half years in July, the Labor Department reported Wednesday in another sign of slack in the labor market. The department’s closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month, off 237,000 from June’s downwardly … Read more

What it’s like to be a travel nurse, from those who have done it

What it’s like to be a travel nurse, from those who have done it

Travel nursing isn’t for everyone, but it does come with perks. Compared with permanent staff nursing positions, travel nurses enjoy more flexible contracts, opportunities for travel and higher salaries. Travel nurses work short-term contracts, usually for a few months at a time, anywhere there are staffing shortages around the U.S. This includes hospitals and long-term … Read more

Trump government cuts could cost House Republicans majority

Trump government cuts could cost House Republicans majority

WASHINGTON — For nearly a decade, former president Donald Trump has rallied voters around a cry to cut the size of the federal government and “drain the swamp.” But now one Republican running in a key House race is trying to distance himself from the proposed cuts, and from Trump’s plan to move 100,000 federal … Read more