It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an "open mind."The Fedread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
Mark Zuckerberg has been on a selling spree in August and has unloaded $526 million worth of stock this year.Technologyread more
Palantir CEO Alex Karp said billionaire investor Peter Thiel is right to question Google's decision to work in China, while abandoning military contracts in the US.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The number of planned layoffs by U.S. employers fell to a 14-year low in September, according to a report by Challenger, Gray & Christmas.
Employers planned to cut 30.477 jobs in the month, down from a little over 40,000 planned layoffs a month earlier. Heading into the fourth quarter, 2014 is now on track to have the lowest number of planned job cuts since 1997.
Layoffs in the entertainment industry contributed heavily to the number of job losses, specifically at casinos in Atlantic City, which lost more than 7,000 jobs, the report said.
To date, employers have announced 363,408 planned layoffs, 6.2 percent fewer than the 387,384 cuts announced through September, 2013.
"There have been a couple of bumps in the road for the economy lately, which caused consumer confidence to drop in its latest reading. However, as this report shows, the recent hiccups have not resulted in widespread layoffs. Job security is being helped by the fact that corporate profits remain near record highs. So, we may see some ebb and flow in the rate of hiring, but employers, at this point, are reluctant to make any over-correction in workforce levels," John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement.
The computer sector continues to lead all industries in terms of year-to-date job cuts. Employers in the that industry have announced 49,002 job cuts so far this year, nearly double the 27,892 computer-sector job cuts in the first nine months of 2013.