Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low
The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July 2022. Nonfarm payrolls increased by 517,000 for January, above the…
Decades-low unemployment rate is welcome news for Biden ahead of State of the Union
U.S. President Joe Biden cheered jobs numbers released Friday morning showing the lowest unemployment rate in almost 54 years, pointing to the report as another example that his policies are…
Vince McMahon open to leaving WWE for good if he sells the company, CEO Nick Khan says
World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company “if it’s the right deal,” according to WWE CEO Nick Khan. Shares of the company…
Ford sold 91 million shares of EV startup Rivian last year
RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian. Source: Ford Motor Co. DETROIT – Ford Motor liquidated most…
China says suspected spy balloon over U.S. skies is a civilian airship
Chinese authorities said Friday that a suspected Beijing-operated spy balloon spotted hovering over sensitive U.S. airspace was in fact a civilian airship intended for scientific research. China’s Foreign Ministry said…
New York office of Rep. George Santos vandalized with graffiti, police say
U.S. Rep. George Santos (R-NY) leaves the Capitol Hill Club as members of the press follow him on January 31, 2023 in Washington, DC. Alex Wong | Getty Images News…
Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s…
Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet
Andrew Ross Sorkin speaks with Amazon CEO Andy Jassy during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022…
Southwest faces Senate hearing next week following holiday meltdown
John and Lori Ingoldsby, who drove to Denver after the first leg of their flight on Southwest Airlines was canceled, wait for a flight to finish their trip at Denver…
Biden administration expands EV tax credits in boost for Tesla, Cadillac, others
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan |…