A worker wearing a protective mask slices beef in the butcher section of a Stew Leonard’s supermarket in Paramus, New Jersey, on Tuesday, May 12, 2020. Angus Mordant | Bloomberg | Getty Images June’s big payroll jump helped clear away some of those recession clouds for a U.S. economy that […]
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Fed’s Brainard says crypto needs regulation now before it becomes so big that it threatens financial system
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Vice Chair Lael Brainard became the latest official to speak out on crypto, saying […]
Number of Americans involuntarily working part-time falls by 707,000 to 3.6 million, lowest level in 21 years
Momo Productions | Digitalvision | Getty Images The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according to federal data issued Friday, underscoring the strength of the labor market and the bargaining […]
Another hot inflation report and the start of earnings season make for a challenging week ahead
Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Consumer inflation data and the start of the second quarter earnings season could be two catalysts that make for a bumpy ride in markets in the week ahead. PepsiCo’s earnings are the first major report of the week […]
U.S. to send 15th military package to Ukraine, bringing total aid in Russia war to $7 billion
US military personnel stand by a M142 High Mobility Artillery Rocket System (HIMARS) during Saudi Arabias first World Defense Show, north of the capital Riyadh, on March 6, 2022. Fayez Nureldine | Afp | Getty Images WASHINGTON — The Biden administration is set to send its 15th security assistance package to […]
Verizon’s giving free phones to people who are still using its old network
Scott Mlyn | CNBC Verizon is sending free 4G flip phones to customers who are still using the company’s older 3G network, which it plans to retire by the end of 2022, according to the company’s support page. Verizon’s issuing the devices to people who haven’t yet upgraded to a […]
Unemployment rate for Black women fell in June, but so did their participation in the labor force
Commuters travel on the L train system in the Loop on July 27, 2021 in Chicago, Illinois. Scott Olson | Getty Images The U.S. unemployment rate fell for Black women last month even as the overall metric held steady across the board, but labor force participation also slipped for the […]
NFL will select new Sunday Ticket partner by fall, Commissioner Roger Goodell says
NFL Commissioner Roger Goodell during the NFL Football match between the Miami Dolphins and Indianapolis Colts on October 3rd, 2021 at Hard Rock Stadium in Miami, FL. Andrew Bershaw | Icon Sportswire | Getty Images The National Football League plans to select a streaming service as its new Sunday Ticket […]
WWE’s Vince McMahon paid more than $12 million to settle sexual misconduct allegations, report says
Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. Michael N. Todaro | Getty Images WWE‘s Vince McMahon paid more than $12 million to four women over […]
Insana: Europe’s economy may be facing a winter of despair. Here’s why it should matter to the Fed
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June […]