Stock futures inch higher ahead of jobs report with Wall Street's nine-week winning streak in jeopardy: Live updates – CNBC
2 hours ago Peloton continues to soar after announcing partnership with TikTok Peloton stock rose 6% in after-hours trading as investors continued to cheer the fitness company's new partnership with TikTok. The collaboration includes a new fitness hub on social media apps with content created by Peloton instructors. The move builds on Thursday's nearly 14% […]
December jobs report may show ‘cooling trend’ in the labor market
FreedomWorks Senior Economist Steve Moore provides insight into the current state of the economy on How to Make Money. All eyes will be on the December jobs report, released Friday morning, as investors look for clues about the health of the labor market in the face of rising interest rates and persistently high inflation. A […]
Private sector gained jobs for fourth straight month to end 2023: Report
Private employers added 164,000 jobs in December, and wages rose 5.4% from a year earlier, according to a national employment report released Thursday by the ADP Institute. “We are returning to a labor market that closely matches pre-pandemic employment,” ADP chief economist Nella Richardson said in a press release. She said: “While wages did not […]
Xerox to slash 15% of workforce, eliminating 3,000 jobs
Xerox, the IT company that develops ubiquitous office equipment such as scanners and printers, will lay off 15% of its workforce as part of a so-called “reinvention” strategy. According to the Xerox website, the company will have approximately 20,000 employees as of October 2023, and the layoffs will affect approximately 3,000 positions. The disaster is […]