The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
This is a breaking news story. Please check back for further updates.
Private companies topped expectations for job creation in September, adding 200,000 new positions thanks in part to a boost from large companies.
Small firms with fewer than 50 employees have been the primary engine of job creation during the post-recession recovery, but that turned last month, according to a report Wednesday from ADP and Moody's Analytics.
Companies with more than 500 workers added 106,000 new positions for the month, with medium-sized businesses adding 56,000 and small firms contributing just 37,000.
"This is a machine. The job market is just pumping out a lot of jobs," said Mark Zandi, chief economist at Moody's.
The total was better than market expectations of 194,000 and was a slight increase from the upwardly revised 186,000 in August.
"Businesses with more than 1,000 employees contributed over half of the job gains in September, despite weakness in energy and manufacturing," Ahu Yildirmaz, head of the ADP Research Institute, said in a statement. "The largest companies appear to be starting to overcome the impacts of weak global demand and the high dollar, while the smallest companies may have pulled back as concerns about the resiliency of the U.S. economy grew and consumer confidence softened."
Manufacturing lost 15,000 positions for the month, while trade, transportation and utilities led the way with 39,000 new jobs.
As has been the case throughout the recovery, services were by far the leading job producer with 188,000, while goods producers added 12,000.
Elsewhere in sectors, construction added 35,000, professional and business services grew by 29,000 and financial activities were responsible for 15,000 of the new positions.
The ADP/Moody's report comes two days before the government releases its nonfarm payrolls, which is expected to show 206,000 total new jobs with the unemployment rate holding steady at 5.1 percent.
Economists occasionally will modify their estimates for the payrolls report based on the ADP count, though there often are wide disparities between the two counts.