Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female engineer named Morgan Beller.Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
U.S. employers announced plans in March to cut 43,310 jobs, a 17 percent increase from February, outplacement consultancy Challenger, Gray & Christmas reported Thursday.
Despite the monthly the rise, the number was 2 percent lower than the total in March 2016. So far this year, employers have announced 126,201 job cuts, 30 percent lower during the first three months of 2016.
"The heaviest cuts were in Texas and Ohio in the month ... 17,000 each in those two places," Challenger CEO John A. Challenger said on "Squawk Box. "
Retail had the most job losses in the first quarter, with 38,464 announced cuts, including 4,084 in March. Despite the cuts, the sector has announced over 121,000 new jobs this year, the report said.
"Retail is typically an industry in flux, but we've seen long established companies close stores and cut workers. The industry, though, is creating openings just as quickly as they are cutting," Challenger said in the report.
Telecommunications companies followed retailers with 9,782 job cuts in the quarter. The sector announced 7,768 job cuts in March, versus 1,264 in March 2016.
The energy sector had 1,950 job cuts in March, compared with 3,747 last year. Through the first quarter, the sector has announced 7,880 job cuts, 84 percent lower than the 48,901 cuts announced
The Challenger numbers came a day after ADP and Moody's Analytics said companies added 263,000 jobs in March, well above the 185,000 expected
On Friday, the Labor Department releases its closely watched monthly employment report.