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Breaking News: Economy

Here’s where the jobs are for March 2024 — in one chart

by Adrian Jhonsan
Here’s where the jobs are for March 2024 — in one chart

The U.S. labor market surprised economists with its strength once again, adding more than 300,000 jobs in March, with a few key sectors continuing to fuel its growth. Health care …

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Categories World

McDonald’s to buy all 225 Israel franchise restaurants after boycott fallout

by Adrian Jhonsan
McDonald’s to buy all 225 Israel franchise restaurants after boycott fallout

Jeff Greenberg | Universal Images Group | Getty Images McDonald’s signed a deal to purchase all 225 of the restaurants that comprise its Israel franchise, the American fast-food chain announced, …

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Categories World

Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%

by Adrian Jhonsan
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%

Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market. Nonfarm payrolls increased 303,000 for the month, …

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Categories World

Job gains expected again in March. What to look for in Friday’s report

by Adrian Jhonsan
Job gains expected again in March. What to look for in Friday’s report

A person works on a Bowlus recreational vehicle at Bowlus’ factory in Oxnard, California, Feb. 23, 2024. Timothy Aeppel | Reuters The March nonfarm payrolls count likely will indicate hiring …

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Categories World

El-Erian says the Fed has turned into a play-by-play commentator

by Adrian Jhonsan
El-Erian says the Fed has turned into a play-by-play commentator

Mohamed Aly El-Erian, chief economic advisor for Allianz SE.  Bloomberg | Getty Images The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, …

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Categories World

Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says

by Adrian Jhonsan
Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says

Former U.S. President Donald Trump speaks after attending a wake for New York City Police Department (NYPD) officer Jonathan Diller, who was shot and killed while making a routine traffic …

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Categories World

Another late-day stock market selloff. Here’s what we think is going on

by Adesola Mojo
Another late-day stock market selloff. Here’s what we think is going on

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re …

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Categories Automobile

Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter

by Adrian Jhonsan
Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter

Atlanta Federal Reserve President Raphael Bostic expressed concern Wednesday about the pace of inflation and indicated he doesn’t think interest rate cuts should come until much later in the year. …

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Categories World

Private payrolls increased by 184,000 in March, better than expected, ADP says

by Adrian Jhonsan
Private payrolls increased by 184,000 in March, better than expected, ADP says

Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday. Companies added …

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Categories World

Fed’s Powell emphasizes need for more evidence that inflation is easing before cutting rates

by Adrian Jhonsan
Fed’s Powell emphasizes need for more evidence that inflation is easing before cutting rates

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024. A trio of central bank decisions this week …

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Categories World
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