Traders work on the floor of the New York Stock Exchange (NYSE) on November 02, 2023 in New York City. Spencer Platt | Getty ImagesFriday's market reaction to the jobs report comes down to a simple premise: bad news is good news, as long as it isn't too bad.Stocks rallied...
Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023.Patrick T. Fallon | AFP | Getty ImagesParamount stock jumped about 10% Friday morning, a day after posting a double-digit gain.The...
The October jobs report showed a cooling labor market in the U.S., with many sectors showing minimal or negative growth as the economy added a relatively meager 150,000 jobs overall.A bright spot came in health care and social assistance, which added more than 77,000 jobs. Within that, ambulatory health...
The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat off the Federal Reserve in its fight against inflation.Nonfarm payrolls increased by 150,000 for the month, the Labor Department reported Friday, against the Dow Jones consensus forecast for a...
Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on November 1, 2023. Israel Defense Forces | ReutersThe Israel-Hamas war could have...
The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020.JONATHAN NACKSTRAND | AFP | Getty ImagesShipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to...
Check out the companies making headlines in premarket trading. Fortinet — Shares dropped 23.1% after the cybersecurity company missed earnings expectations and gave a weak outlook for the current quarter. Fortinet posted $1.33 billion in revenue for the third quarter and said to expect between $1.38 billion and $1.44...
Unlike McDonalds — which owns some 84% of its outlets in Russia — companies such as Burger King, Subway and Papa John's often operate via franchise agreements there. Burger King said it demanded the main operator of its franchises suspend restaurant operations in Russia, but that "they have refused."Alexander...
French bank Societe Generale reported second quarter results for 2023.Chesnot | Getty Images News | Getty ImagesSociete Generale, France's third-biggest listed bank, posted better-than-expected quarterly earnings onFriday, as a resilient performance from its investment bank offset the steep downturn seen at its French retail division.SocGen's third-quarter reported group net...
Randy Harvard (right), an autoworker of 29 years, stands with other United Auto Workers members after the union called a strike Oct. 23, 2023 at Stellantis' Ram 1500 plant in Sterling Heights, Mich.Michael Wayland / CNBCDETROIT — The United Auto Workers union said Chrysler-parent Stellantis plans to invest $18.9...