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
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
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread 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
Job creation looks to have had another rough month in June, with private companies adding just 102,000 new positions, according to a report Wednesday from ADP and Moody's Analytics.
That missed even the meager 135,000 estimate from economists surveyed by Dow Jones and comes off the weak May growth of just 41,000. The May number was revised up from an initially reported 27,000.
The disappointment sets the stage for another possible letdown from the more widely watched nonfarm payrolls report from the Labor Department, which will be released Friday and is expected to show growth of 165,000 after May's lackluster 75,000.
"The economy's growth rate is significantly slowing, and I think the risks are rising that it's going to stall out," Mark Zandi, chief economist at Moody's Analytics, told CNBC. "I think the economy is on the razor's edge, and this number is consistent with that view."
Economic data overall has been wobbly lately as economists see growth slowing in 2019 and a possible recession ahead in 2020.
"The job market continues to throttle back," Zandi said in a statement. "Job growth has slowed sharply in recent months, as businesses have turned more cautious in their hiring. Small businesses are the most nervous, especially in the construction sector and at bricks-and-mortar retailers."
Indeed, companies with fewer than 50,000 employees saw another setback in June, with payrolls falling by 23,000 after a decline of 52,000 the previous month. Businesses with fewer than 20 employees were particularly hard-hit, subtracting 37,000 jobs.
On the upside, job creation was fairly strong among bigger businesses. Companies with 50 to 499 employees posted growth of 60,000, while large businesses added 65,000.
At the industry level, goods producers on net lost 15,000 jobs. Construction fell by 18,000 while natural resources and mining lost 4,000. Manufacturing added 7,000.
Service-related industries provided all the job growth, adding 117,000 positions. Education and health services led the way with 55,000 and professional and business services contributed 32,000 to the total. Trade, transportation and utilities added 23,000 though leisure and hospitality rose by just 3,000 after adding 16,000 in May. Franchises grew by 13,500.
"While large businesses continue to do well, small businesses are struggling as they compete with the ongoing tight labor market," added Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "The goods producing sector continues to show weakness. Among services, leisure and hospitality's weakness could be a reflection of consumer confidence."
The Conference Board's measure of consumer sentiment in June fell to its lowest level in nearly two years as worries intensify over tariffs and expectations dim for job growth.
Despite the slowdown in hiring, there remain 1.6 million more jobs than workers counted among the unemployed, a record high. The tight labor market has produced only a modest boost in wages, however.
As worries over the economy grow, markets are expecting a policy response from the Federal Reserve. Wall Street expects the central bank to cut interest rates at its meeting later this month, though Fed officials remain mostly noncommittal.