BUENOS AIRES, Argentina— Labor groups opposed to Argentine President Cristina Fernandez staged their second general strike of the year Thursday, disrupting life in the capital and other parts of the country as many people stayed away from work and union demonstrators blocked streets to call for higher wages and lower taxes.» Read More
The number of job cuts continued to soar this week, reflecting the worsening US recession.
The number of job cuts continued to soar in February 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. JPMorgan Chase and Chesapeake Energy were among the latest names on Thursday to announce job cuts.
Global stocks were back in the green Wednesday, and the dollar rose to 3-year highs, as investors scrambled to limit risk. But concerns about the stability of the financial sector persist as Federal Reserve Chairman Ben Bernanke failed to rule out further bank bailouts in his testimony on Tuesday.
Tuesday: Fed Chairman Ben Bernanke defended the AIG bailout, saying the alternative would've been a disaster. Treasury Secretary Tom Geithner defended the Obama Administration's plan to buttress and stimulate the U.S. economy. Auto sales plummeted; Citigroup said it'll lower some mortgage payments; and subsidiaries of Warren Buffett's Berkshire Hathaway announced job cuts. CNBC heard from experts who said the U.S. economy is in a depression — but the next move is an upside jump.
Subsidiaries of Warren Buffett's Berkshire Hathaway are cutting back on jobs and costs, and there's more to come.
NOT SEEN ON T.V.: The founder of Monster.com reveals what you need to know before visiting a job fair.
In this Web Extra the traders game a slew of market moving events in the week ahead including employment data, retail figures, earnings and more.
Friday: General Electric (CNBC's parent company) said it'll slash its quarterly dividend 68 percent, saving $9 billion annually. The U.S. agreed to boost its stake in Citigroup to as much as 36 percent. U.S. GDP data was sharply revised downward, with economic loss at 6.2 percent. Experts told CNBC that the market is resisting scary talk from President Obama and Fed Chairman Bernanke — but the recession's end is nowhere in sight.
We all know people who live conditionally: I will play more golf when I retire; I will travel more when I get a raise; I will buy some nice clothes when I lose weight. But there is something powerful about treating yourself now.
The U.S. economy contracted more sharply than initially estimated in the fourth quarter, as exports plunged and consumers cut spending by the most in over 28 years.
Bob Rosner says move on, move up or move out.
Whether driven by layoffs, the desire for more meaningful work or a general sense of, well, blah, about their careers, a growing number of US workers are making the midcareer switch.
"He can't dribble, he's slow and hasn't got much body control." What do you call a basketball player who fits that description? How about MVP?
Everyone—including President Obama—is talking about green-collar jobs. But there is still no consensus of what a green job is.
Studies show that when a spouse is laid off, a couple is more likely to divorce within a year than those who are both married and employed. Here's a few tips to reduce those odds.
Mr. and Mrs. CEO, it’s time to smell the coffee. This economic mess didn’t happen despite your best efforts. It happened because of them.
For some, the economic downturn has induced a “take no prisoners” attitude and for others, they find themselves bending over backwards to appease everyone and anyone in sight. The reality is that both strategies are short lived and unproductive.
Wednesday: As the state of financials continues to worry the markets, Fed Chairman Ben Bernanke said the U.S. has no plans to nationalize Citigroup. Wealthy Americans are suing UBS to keep their names secret (as a $31 billion UBS order went wrong) and Congress is considering a housing bill that'd let judges erase mortgage debt. Experts told CNBC that America needs more infrastructure in the stimulus bill — and that there won't be a recovery until housing improves.
U.S. banking regulators announced Wednesday that the "stress test" program on banks with more than $100 billion in assets will be completed by no later than April, CNBC has learned.