People carry shopping bags as they visit a department store during the holiday season in New York City.Eduardo Munoz | ReutersRetailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December.However, the data also shows the true...
Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during its Future Minerals Forum held in Riyadh this week, ministers told CNBC.Estimates for the kingdom's untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5...
A screen displays the Dow Jones Industrial Average after the closing bell on the floor at the New York Stock Exchange on Dec. 13, 2023.Brendan Mcdermid | ReutersThe global economy is moving into a new "super cycle," with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer,...
A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023.Ed Jones | AFP | Getty ImagesThe state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good...
The U.S. labor market beat expectations again in December, adding 216,000 jobs to close out the year while the unemployment rate held steady at 3.7%.Yet the job gains were slower than the same period a year ago, with the three-month average gain dropping to 165,000 a month compared with...
A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty ImagesThe unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor.Black Americans, the group with the highest jobless percentage...
The U.S. labor market closed out 2023 in strong shape as the pace of hiring was even more powerful than expected, the Labor Department reported Friday.December's jobs report showed employers added 216,000 positions for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain...
A now hiring sign is posted in front of a U-Haul rental center on November 03, 2023 in San Rafael, California.Justin Sullivan | Getty ImagesWhen the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust...
St. Louis Fed names Alberto G. Musalem as new president.Source: St. Louis Federal ReserveEconomist Alberto Musalem was named the next president and CEO of the Federal Reserve Bank of St. Louis on Thursday. Musalem, 55, will start on April 2. He replaces James Bullard, who joined Purdue University last...
A worker at a restaurant at Grand Central Market in Los Angeles, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty ImagesHiring in the private sector rose at a faster than expected pace in December, closing out a strong 2023 for the resilient U.S. jobs market,...