• Donald Trump November 2, 2019 12:48 am

    US Economy Defies Threats With a Solid Job Gain for October

    A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts and a global slowdown. The economy managed to add 128,000 jobs last month even though tens of thousands of workers were temporarily counted as unemployed because of the now-settled strike against General Motors. What’s more, the government revised...

  • Stephen Ellison October 24, 2019 8:31 am

    Tesla's Stock Soars After Company Posts Surprising 3Q Profit

    Tesla posted a surprising profit of $143 million in its latest quarter, raising hopes the electric car pioneer may finally be turning the corner after posting mostly losses during its first decade as a publicly held company.

  • Facebook August 12, 2019 2:48 am

    Amazon's Quest for Constant Growth Is Not Leaving It With Many Friends — Except for Wall Street

    From industry stalwarts to high-profile politicians, seemingly everyone’s turning their backs against Amazon these days. Except one: Wall Street. Just this week, old players in two major categories — logistics and pharmacies — turned into foes. FedEx terminated its ground-delivery contract with Amazon, two months after ending its U.S. express shipping deal. Meanwhile, CVS and Walgreens were accused of unfairly...

  • Canada August 12, 2019 1:03 am

    Democratic Hopefuls Take Aim at Insurer and Pharma Profits

    Sen. Bernie Sanders and other progressives seeking the Democratic presidential nomination are zeroing in on pharmaceutical and insurer profits, money they say would be better spent providing health care for everyone under “Medicare for All.” Their idea: Health care dollars from government programs, employers and families that are going into the pockets of investors instead could be used to pay...

  • Donald Trump August 2, 2019 4:45 pm

    US Adds a Solid 164,000 Jobs in July

    U.S. employers sustained a steady pace of hiring in July, adding 164,000 jobs, according to the Bureau of Labor Statistics. The unemployment rate remained at 3.7% for a second straight month, close to a 50-year low. It’s a reassuring sign for an economy that’s endured a series of ups and downs.

  • California July 25, 2019 9:12 am

    Tesla Posts $408M Loss in 2Q, Causing Stock to Plummet

    Tesla lost $408 million in its latest quarter as it struggles to prove it can make money selling electric cars at mass-market prices. “We have to make cars more affordable,” Musk conceded.

  • United States July 19, 2019 2:09 am

    Netflix Loses $16 Billion in Market Value Following Surprise Subscriber Miss

    Shares of Netflix fell more than 10.3% Thursday after the company reported a loss in domestic paid subscribers for the first time in eight years . Netflix lost more than $16 billion from its market cap following the report, bringing it just below $142 billion. The stock is still up more than 21% so far this year.

  • Donald Trump July 5, 2019 11:27 pm

    US Adds Solid 224,000 Jobs, Making Fed Rate Cut Less Certain

    U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal Reserve late this month on whether to cut interest rates to help support the economy. Most...

  • Donald Trump June 7, 2019 11:22 pm

    US Hiring Slows Amid Trade Tensions, Weaker Global Economy

    U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth, widening trade conflicts and perhaps some difficulty finding enough workers. Last month’s modest job gain followed a much healthier increase of 224,000 in April. The Labor Department said Friday that the unemployment rate remained...

  • FACTSET May 16, 2019 9:30 pm

    Pinterest Stock Falls 15% After Releasing First Post-IPO Earnings Report

    Pinterest, fresh off its initial public offering, posted a loss for the first three months of the year that was larger than analysts were expecting, though revenue was slightly stronger. Its revenue outlook, though, was below expectations and its shares slumped in after-hours trading.

  • United States May 3, 2019 11:36 pm

    US Adds Robust 263K Jobs; Unemployment at Decades-Low 3.6%

    U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work. Average hourly...

  • chief economist May 1, 2019 6:49 pm

    Survey: US Businesses Are Hiring; 275K Jobs in April

    U.S. companies in April added the most jobs in 9 months, a sign that hiring remains strong amid solid economic growth. Payroll processor ADP said Wednesday that businesses hired 275,000 people last month, up from just 151,000 in March. That’s a much higher number than economists forecast for Friday’s government jobs report. Current projections call for the Labor Department to...

  • California May 1, 2019 4:46 am

    Apple's Fiscal 2Q Revenue, Profit Sag Amid iPhone Slump

    Apple’s sales are still shrinking amid weakening iPhone demand, despite the company’s increasing emphasis on services designed to bring in a steady flow of money from the 1.4 billion of its devices still in use.

  • Facebook April 25, 2019 5:17 am

    Facebook Anticipates an FTC Privacy Fine of up to $5 Billion

    Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users’ privacy. The company set aside $3 billion in its quarterly earnings report Wednesday as a contingency against the possible penalty but noted that the “matter remains unresolved.”

  • CEO April 24, 2019 11:18 pm

    Boeing's Troubled Jet is Costing $1 Billion to Fix So Far

    Boeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The $1 billion figure is a conservative starting point. It covers increased production costs over the next few years but...

  • CEO April 19, 2019 2:39 pm

    Sears Sues Former Chairman Eddie Lampert

    Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.

  • United States March 9, 2019 12:57 am

    US Wages Rise by Most in Decade Even as Hiring Tumbles

    The pace of hiring in the United States fell last month to its lowest point in nearly a year and a half, a surprise drop likely reflecting harsh weather and other temporary factors that led most economists to see the slowdown as a temporary blip. Employers added just 20,000 jobs, down from a blockbuster 311,000 in January. Even with February’s...

  • CEO March 1, 2019 12:57 am

    JC Penney Closes More Stores After a Weak Holiday Season

    J.C. Penney is closing more stores following weak holiday sales season for the retailer. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who bank on strong holiday sales.

  • San Francisco February 7, 2019 3:55 pm

    Twitter Posts Bigger 4Q Profit, Monthly User Base Slips

    Twitter is reporting that revenue and profit and its daily user base all grew in the final three months of 2018. But its monthly user count slipped and guidance for the current quarter was below some expectations and shares fell in premarket trading.

  • CEO January 30, 2019 5:18 am

    Apple Opens New Chapter as iPhone Sales Fall and Stock Sinks

    Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. Results released Tuesday revealed the magnitude of the iPhone slump — a 15 percent drop in revenue from the previous year. That decline in Apple’s most profitable product...

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