Stephen Parker, Head of Thematic Solutions for J.P. Morgan Private bank, has fresh picks for your portfolio. » Read More
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
Stocks opened higher as traders shrugged off a huge drop in payrolls and banks soared.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
Futures moved in a 10-point range (up and down 5 points) within minutes of the non-farm payroll reports at 8:30, which reported a loss of 598,000 jobs.
The latest overall job loss numbers showed a loss of 598,000 jobs in January and the unemployment rate climbed to 7.6%. This is the highest unemployment rate since May 1992. The December payroll numbers were revised to a loss of 577,000. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
One of the most successful entrepreneurs of all time, Nike founder Phil Knight, is now investing in new sector — one that's actually doing well in this economy — movies.
The Fed could cause Zimbabwe-like inflation making the US a 'banana republic,' famous bear Marc Faber said.
Stocks will take their cue from the jobs report Friday, but it's the news from Washington that could once more drive the market.
Following are the day’s biggest winners and losers. Find out why shares of Visa and Caterpillar popped while Dollar Tree and Unilever dropped.
As market participants anticipate possible stagnant growth in the coming quarters, investors might be more apt to get back to "old fashioned" investing with higher-yielding stocks.
Count CNBC's parent company, General Electric, as one of the victims of an alleged fraud, reports CNBC's Scott Cohn in breaking news...
Hedge fund manager Arthur Nadel, arrested last week on fraud charges, has agreed to have his assets frozen.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Warren Buffett's Berkshire Hathaway will invest $300 million in motorcycle-maker Harley-Davidson, getting a very impressive 15 percent annual interest rate for its money. While Buffett is getting well paid for taking on the risk, it does appear to be a vote of confidence in the ability of Harley, and its well-known brand, to survive the current economic downturn.
The economic slowdown remains front and center as some of the most influential CEOs convene at the Crain’s "Future of NYC" conference. Business chiefs that have been affected by the recession are brainstorming on ways to ride out these troubled times.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
One month into the year, the average dividend yield of the Dow 30 has gone up a bit since 2009 began, but is still down from where it was at the end of November. See how the 30 companies in the Dow compare.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
In recent months, Americans have been disappointed and appalled by Wall Street, banks, the big-budget film “Australia,” investment counselors, Detroit, the governors of at least two states, hedge fund managers and even the geese at La Guardia, which used to know better than to interfere with those metal birds they fly among.