Pro-immigration activists gather in front of the U.S. Supreme Court on April 18, 2016 in Washington, DC. Alex Wong | Getty Images Hundreds of the country’s largest businesses told the Supreme Court on Friday that allowing President Donald Trump to end the Obama-era immigration program known as DACA will hurt […]
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Will $1 million be enough in retirement? It depends
aldomurillo | E+ | Getty Images Congratulations! You’ve saved enough for retirement. Now what? For those fortunate enough to have accumulated a nest egg large enough to last them through their post-working years, some hard decisions can still arise. You don’t want to jeopardize your savings by keeping too much […]
Cramer: ‘Washington is the biggest headwind to the economy’ since Nixon
U.S. trade disputes and the House Democrats’ impeachment inquiry of President Donald Trump are creating the most economic uncertainty in nearly two generations, CNBC’s Jim Cramer said on Friday. “Washington is the biggest headwind to the economy that I can recall,” Cramer said on “Squawk on the Street.” “I have […]
Stocks may not climb much higher this year. But you can still make these smart money moves
wundervisuals | E+ | Getty Images When it comes to the forecast for the markets and your investments, there’s good news and bad news. First, the bad news: The S&P 500 may not climb any higher in the last months of this year, according to Bank of America Merrill Lynch. […]
Pressure mounts on GM and United Auto Workers to make a deal as strike drags into 19th day
United Auto Workers members with General Motors picket outside of one of the automaker’s truck plants in Flint, Mich. on Sept. 16. The union called a strike against the automaker after a deal was not reached by a Saturday night deadline. Michael Wayland / CNBC DETROIT – Pressure is building […]
Barneys finds $220 million bidder in bankruptcy court
A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images A potential buyer is preparing a bid to take control of bankrupt luxury department store Barneys New York […]
Trade gap widens more than expected to $54.9 billion
A cargo ship is guided into the Port of Oakland by a pair of tug boats. Tim Rue | Bloomberg | Getty Images The U.S. trade deficit widened more than expected in August thanks in part to a record level of imports of consumer goods and as a fresh round […]
September unemployment rate falls to 3.5%, a 50-year low, as payrolls rise by 136,000
Unemployment hit a fresh 50-year low in September even though nonfarm payrolls rose by just 136,000 as the economy nears full employment, the Labor Department reported Friday. The jobless rate dropped 0.2 percentage points to 3.5%, matching a level it last saw in December 1969. A more encompassing measure that […]
Friday’s nonfarm payrolls report is more likely now to disappoint
Two reports released this week could spell trouble for a third one coming out Friday — the Labor Department’s closely watched nonfarm payrolls count, considered one of the most pivotal measures of economic vitality. The Institute for Supply Manufacturing’s sentiment measures for manufacturing and services came in well below Wall […]
US ambassadors pushed Ukraine to investigate as condition for White House visit, texts show
Kurt Volker, US Department Special Representative for Ukraine speaks during a press conference about US-Ukrainian relations in Kiev. (Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Pavlo Gonchar | LightRocket | Getty Images WASHINGTON — Text messages given to Congress show U.S. ambassadors working to persuade Ukraine to publicly commit […]