The strong U.S. jobs numbers don’t look sustainable but wages are likely to increase, said Jan Hatzius, chief economist at Goldman Sachs. Hatzius spoke after the Labor Department said Friday that the U.S. economy added 209,000 jobs in July and the unemployment rate fell to 4.3 percent from 4.4 percent, the lowest since March 2001. […]
Read moreThe S&P 500 is on pace for its 72nd straight trading session without a gain of 1 percent or more — its longest such streak since early 2007. The implications of this kind of historical market calm that’s been the subject of much debate across Wall Street this year are concerning to some strategists who […]
Read moreWall Street analysts predict Activision Blizzard is the future of media and entertainment as it enters new businesses such as esports, consumer products and advertising. “With its stable of core franchises and a multitude of future growth opportunities, ATVI is building a Disney-type media business for the 21st Century, but with (much) higher operating margin,” […]
Read moreHow do entrepreneurs dress when pitching start-ups to investors? It seems like a trivial question, but experts and those who have done it say sartorial codes matter — and there are pitfalls. Founders tread a fine line: they must give the right impression to those with the money their businesses need, but they must also […]
Read moreA month after its initial public offering, Blue Apron is cutting almost a quarter of its employees. The meal-kit delivery company said it plans to close its facility in Jersey City, New Jersey, in October, and expects about 1,270 workers will not be transferring to the new location. The company told CNBC that all of […]
Read moreSAN FRANCISCO — For years, job hunting over the age of 40 in the youth-obsessed Silicon Valley could prove hazardous to your career. But judging from the experiences of technology workers roaming the country in search of job opportunities elsewhere, ageism is a universal problem in the industry. “It’s not just Silicon Valley. It is […]
Read moreBlue Apron shares have fallen 37 percent since its IPO, and one trader warns that the stock is a “no touch” ahead of its first earnings report scheduled for Thursday. The meal-kit delivery kit service went public on June 29 at $10 a share, but since then its shares have plummeted to single digits. Despite […]
Read moreWhile GoPro remains popular among a niche of active, adventurous people, CEO Nick Woodman told CNBC’s “Squawk Alley” on Friday that the company can still expand and keep a lid on expenses. The company soared double-digits on Friday after the company reported better-than-expected quarterly financial results on Thursday night. “GoPro is growing,” Woodman said. “As […]
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It turned out the dimensions were completely incorrect, as was the iPhone 5 pictured in its images. That’s the risk these case-makers take when they aren’t a close partner of Apple and don’t know the dimensions ahead of time. This year, iPhone case makers are continuing to market their cases ahead of the iPhone 8’s […]
Read moreSummer is a time many go on vacation. Not Elon Musk, though. And it has paid off handsomely. In the last nine days, the iconic entrepreneur has gotten almost $5 billion richer, according to Bloomberg data. Musk is currently worth $21.3 billion, putting him in the 37th spot on Bloomberg’s ranking of the wealthiest people […]
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