October’s flat wage growth and big drop in labor participation look like negatives for an economy that has been steaming along, but economists are writing it off as storm damage and expect the Fed to raise interest rates. October job growth was 261,000, less than the 310,000 expected by economists in a spring back from […]
Read moreThe dual September unveiling of the iPhone 8 and iPhone X, but staggered release dates, was borne out of necessity and not “marketing,” Apple CEO Tim Cook told CNBC after reporting blowout quarterly earnings. “If we could do anything we wanted to, we would have obviously shipped 8, 8 Plus and X on the same […]
Read moreApple has a market capitalization of over $900 billion. The company also has $268.9 billion in cash and cash equivalents, according to its most recent quarterly financial report released Thursday. And as Apple sits on its growing pile of cash and continues to titillate Wall Street investors, CEO Tim Cook defends the staggering four-figure price […]
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Bears are known for hibernating, but its the bulls in the oil market that might as well settle in for a long nap, according to Wells Fargo. The bank expects the current bear market for crude oil to last another five to 10 years, Wells Fargo Investment Research Analyst Austin Pickle wrote in a new […]
Read moreThe iPhone X is the best smartphone you can buy but, if you can’t get your hands on one or are just looking for something else, here are five alternatives worth considering. The iPhone 8 Plus is my second favorite phone right now, and you should absolutely consider it if you can’t get an iPhone […]
Read moreIf you don’t know exactly what a “bull market” is, you’re in good company. According to results from a financial fitness quiz conducted by American Century Investments and Investopedia, more than half of the 2,260 respondents could not define the financial term. CNBC spoke with Nick Holeman, certified financial planner at Betterment, who explained everything […]
Read moreBritish challenger bank OakNorth said Friday that Singaporean sovereign wealth fund GIC would take a 10 percent stake in the firm. The state-owned investor has poured £90 million ($120 million) into the financial technology (fintech) company. Combined with another investment the lender scored last month, a total of £244 million ($318 million) has been raised. […]
Read morePandora Media stock plunged as much as 26 percent on Friday as things went from bad to worse after its third quarter earnings report. The company revised its fourth quarter revenue forecast downward, to a range of $365 million to $380 million, Pandora CFO Naveen Chopra revealed on a conference call with investors Thursday evening. […]
Read moreCNBC’s Jim Cramer sees the Federal Reserve raising interest rates next month after Friday’s strong jobs number. The Labor Department said Friday the economy added 261,000 jobs in October, a pickup from September, and the unemployment rate dropped to 4.1 percent. “I’m going to just stick with what we need on this and say you’re […]
Read moreThe job market rebounded strongly in October from the hurricane induced job slump in September. Averaging the job gains of the past several months shows a jobs gain of closer to 175,000. This is probably not too far off the economy’s underlying job growth – abstracting from temporary factors, like the hurricanes, and the monthly […]
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