Here’s a breakdown of the biggest numbers in Friday’s nonfarm payroll report for April: The good: The unemployment rate fell to 3.9 percent during the month, the lowest level since December 2000. Black unemployment dropped to 6.6 percent, its lowest level ever. The bad: There were two points that gathered a lot of attention — […]
Read moreTrust is eroding in Silicon Valley, according to former Yahoo executive Susan Decker — and tech leaders need to get ahead of the trend. “You have a combination of things that are eroding the trust in Silicon Valley. You have the privacy issues, you have the fake news, you have concerns about addiction to devices,” […]
Read moreAs U.S. and Chinese officials engage in highly anticipated trade talks, officials from China have asserted that it will not discuss two of the biggest trade demands from the United States. One is about the U.S. trade deficit; the other is an issue that could become the greatest technology war in history: China’s push into […]
Read moreWith summer just on the horizon, about three-and-a-half million high school seniors will soon graduate. For those graduates who plan on finding a part-time or full-time job, the April jobs report shows that numerous opportunities await them, particularly in the service sector. Among the 164,000 net new jobs added, an impressive 119,000—nearly three quarters—were service-related. […]
Read moreWarren Buffett is not looking to buy all or part of General Electric, the investment magnate told CNBC on Friday. “That’s not the case. If that was the case, I wouldn’t be talking about it anyway,” Buffett told CNBC’s Becky Quick. Unsubstantiated reports in March that some big investors were beginning to analyze buying all […]
Read moreEncouraged by a booming demand for construction equipment, Mike Haberman was planning in early February to hire at least 30 more workers for the manufacturing facility of his Gradall Industries in Ohio. That plan now is shelved, Haberman said, because the cost of steel used in Gradall’s telescopic excavators and vacuum trucks shot up by […]
Read moreThe unemployment rate fell to 3.9 percent in April, an 18-year low, even as nonfarm payrolls rose by just 164,000, according to a report Friday from the Bureau of Labor Statistics. Economists surveyed by Reuters had expected payroll growth of 192,000 and the jobless rate to drop by one-tenth of a percent to 4.0 percent. […]
Read moreThe country’s official jobs number report released by the Bureau of Labor Statistics charts the unemployment rate—and has been the cause for cheer the last few cycles. While this rosy economic outlook spells good news for many Americans, a growing threat looms. As e-commerce increases from the likes of Amazon and other online retailers, greater […]
Read moreBillionaire Mario Gabelli, founder and CEO of Gamco Investors, believes now is the right time to be buying stock in sports, esports and gambling companies. “I want everyone to own a piece of a baseball team,” Gabelli said on CNBC’s “Squawk Box” on Friday. “And you can do it by buying shares of the Atlanta […]
Read moreCurrency, United States Finance
Paul Singer’s Elliott Management wins bitter battle for control of Telecom Italia
Telecom Italia’s shareholders have voted to form a new board, ending a bitter battle for control between activist investor Elliott Management and French conglomerate Vivendi. Elliott Management, an activist fund run by its billionaire founder Paul Singer, won the vote securing two-thirds of seats on Telecom Italia’s board. Elliott had accused Vivendi of failing shareholder […]
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