The U.S. economy created 156,000 jobs in August, falling short of the 180,000 number economists expected, while the unemployment rate edged higher to 4.4 percent. Despite the miss, markets were higher at the open on Friday, and according to hedge fund analytics tool Kensho, stocks could rally through the month of September. In the past, […]
Read moreThe United States must make it easier to encourage legal immigration if it wishes to see the economy grow, JPMorgan strategist David Kelly told CNBC on Friday. “We have a labor force problem,” Kelly said on “Squawk on the Street.” “That’s part of what’s slowing the labor side of the economy down. We just don’t […]
Read moreFacebook doesn’t only know what its 2 billion users “Like.” It now knows where 7.5 billion humans live, everywhere on earth, to within 15 feet. The company has created a data map of the planet’s entire human population by combining government census numbers with information it’s obtained from space satellites, according to Janna Lewis, Facebook’s […]
Read moreItaly will follow suit with France and elect a pro-European government in next year’s general election, because to think there is an alternative is an “illusion”, the chief executive of Generali told CNBC. “As you have seen the result of the election in France was a very pro-Europe result. I think the same thing will […]
Read more
TODAY’S labour market report showed that the American economy created 156,000 net new jobs in August. That was a bit less than expected, but payrolls are still growing comfortably faster than the working-age population. Despite having created over 2m jobs in the last year, pushing unemployment below 4.5% for the last five months, wage growth […]
Read moreDrew Grewal faced fines of nearly half a million dollars because his Miami Beach home was being listed illegally on Airbnb. In Miami Beach — like New York, San Diego and many other U.S. cities – short-term rentals of the kind facilitated by Airbnb, VRBO, Tripadvisor and others are strictly limited. Laws, fees and taxes […]
Read moreU.S. consumer sentiment climbed in August from July as consumers remained optimistic about their personal financial conditions, although confidence was not quite as strong as economists had estimated, a survey showed Friday. The University of Michigan’s consumer sentiment index rose to 96.8 in August from a final reading of 93.4 the month before. The result […]
Read more
In an era of strict security checks and other inconveniences for air travel, one American airport is making a sharp move in the opposite direction. On September 5th, Pittsburgh International will become the first American airport since the terrorist attacks on September 11th 2001 to allow people who are not booked on a flight to pass […]
Read moreThe American job machine remains in high gear. The economy has been creating close to 200,000 jobs per month for going on eight years. The 156,000 gain in August was on the soft side, but given a well-known bias in the Bureau of Labor Statistics’ estimate for the month, this number will be revised up […]
Read moreIn the past year, the West has suffered heavy losses in a new form of global air conflict. Berkeley-based 3DR has downsized and ceased manufacturing drones. GoPro‘s Karma drones lost power mid-air and had to be recalled, though they are now back on the market. Paris-based Parrot slashed 35 percent of its drone team. San […]
Read more