The U.S. labor market surprised economists with its strength once again, adding more than 300,000 jobs in March, with a few key sectors continuing to fuel its growth.Health care and social assistance were the top sector for job gains — a common theme in recent years — adding 81,300...
Spire Global at the New York Stock Exchange, August 17, 2021.Source: NYSEArtificial intelligence has been instrumental to weather forecast modeling for years. Recent breakthroughs in generative AI dangle the possibility of it finally becoming more accurate.That's what Spire Global is betting on in its recently announced partnership with AI...
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for an increase of 200,000 and higher than the downwardly revised 270,000 gain in...
Check out the companies making headlines before the bell. Shockwave Medical — The medical device stock rose 1.6% after Johnson & Johnson announced it would buy the company for $12.5 billion. The transaction would boost J & J's portfolio of cardiovascular disease treatment devices. Krispy Kreme — Shares of...
NEW YORK — When Hyundai Motor launched its Genesis luxury brand domestically in 2016, many were skeptical the South Korean automaker — recognized mainly for budget vehicles at the time — knew what it was doing.Among the skeptics were auto industry veterans Randy Parker and Claudia Marquez. Both were...
Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021.Vcg | Visual China Group | Getty ImagesApple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year.The company, which trades as...
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty ImagesThe U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic adviser at Allianz, said Friday.The economist told CNBC that a longer-term, more strategic outlook could see policymakers...