A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images The U.S. payrolls report for May blew past expectations, supported by strong jobs gains in the professional and business services sector — as well as a jump in government employment. […]
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Unemployment dropped among Hispanic men and women in May but rose for Black workers
Steve Debenport | E+ | Getty Images The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report. The overall unemployment rate last month was 3.7%, a gain of 0.3 percentage points from the prior month. However, Hispanic or Latina women saw […]
Pence will not be charged in DOJ probe of classified documents found at his home
Former US Vice President Mike Pence speaks during the Nixon National Energy Conference at the Richard Nixon Presidential Library & Museum in Yorba Linda, California, on Wednesday, April 19, 2023. Eric Thayer | Bloomberg | Getty Images No charges will be filed against former Vice President Mike Pence in the […]
Arizona sets limits on construction around Phoenix as groundwater dwindles
Aerial views of new homes under construction in the Pinal County, AZ town of Florence Wednesday, Jan. 26, 2022. Brian Van Der Brug | Los Angeles Times | Getty Images Arizona will not allow new housing construction in the Phoenix area that depends on groundwater, a decision that comes as […]
Parents say flexible work leads to productivity, fulfillment and relief—but 1 in 3 worry about it resulting in a career hit
Before Neha Mehrotra became a mother, she didn’t think having kids would have a big impact on career. “But as I became a parent, I realized it has a massive effect, and you need to re-carve yourself in your personal life and in your career,” Mehrotra, 32, tells CNBC Make […]
Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS is no stranger to blockbuster mergers. The modern company is comprised of over 370 legacy firms, including former domestic rivals. Amid major wars, Switzerland has remained stable and neutral, becoming a safe […]
New York sends college acceptance letters to 125,000 high school seniors, but broader enrollment crisis may be hard to fix
Graduates of Baruch College participate in a commencement ceremony at Barclays Center in Brooklyn, New York, June 5, 2017. Bebeto Matthews | AP In the days ahead, 125,000 graduating high school seniors will receive automatic acceptance letters from the State University of New York, Gov. Kathy Hochul announced Thursday. “Access […]
Billionaire Tom Siebel faces tumult at C3.ai as investor lawsuit, short sellers question metrics
Tom Siebel has been riding the artificial intelligence wave. Three years after selling his prior software company, Siebel Systems, to Oracle for nearly $6 billion in 2006, he started C3.ai, a provider of AI solutions to businesses. That company, which went public in 2020, now sports a roughly $4 billion […]
93% of CEOs are preparing for a recession—here’s what it means for you
If you’ve followed financial headlines over the past few months, it seems like everyone with an MBA thinks a recession is coming. Economists peg the odds that a recession will occur in the next 12 months at 61%, according to the most recent Wall Street Journal poll. That’s no guarantee, […]
‘The haves and have-nots market’: 2023 trends for the ETF investor
Among global recessionary fears, interest rate uncertainty and a drawn-out debt ceiling debate, safe haven strategies have been at the forefront for investors in 2023. But there’s been plenty of ways to play the volatile market this year for exchange-traded fund investors. “If I’m defining 2023, I see three big […]