Well, that was unexpected. The U.S. economy added a whopping 254,000 jobs in September, nearly 100,000 more than economists expected. The unemployment rate, which was expected to hold steady at 4.2%, slipped to 4.1%. Wages also rose more than expected...
The final three-month stretch of 2024 is here, and Wall Street is riding high. The S & P 500 closed at a fresh record on Monday, putting the benchmark up 20.8% for the year, excluding dividends. That marks the benchmark's...
The bull market continues to command respect. Most investors are now granting it, some more grudgingly than others. Start with the S & P 500 's 20% gain for the year, averaging more than one record high per week, the...
Fintech stocks have been in a rut since 2021. That may be about to change. Wolfe Research technical strategist Rob Ginsberg pointed out the Global X FinTech ETF (FINX) is close to reaching the $30 level for the first time...
Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley's artificial intelligence darlings.Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to...
Amazon parcels are prepared for delivery at Amazon's Robotic Fulfillment Centre.Nathan Stirk | Getty ImagesAmazon is rolling out an artificial intelligence tool designed to help third-party sellers quickly resolve issues with their accounts and fetch sales and inventory data.The company...
Christopher L. Winfrey, CEO of Charter Communications.Courtesy: Charter CommunicationsCharter Communications CEO Chris Winfrey said he wants customers to think of reliability and credibility when they think of their cable and broadband provider.The cable giant told CNBC it is unveiling a...
A Waymo autonomous self-driving Jaguar electric vehicle sits parked at an EVgo charging station in Los Angeles, California, on May 15, 2024.Patrick T. Fallon | AFP | Getty ImagesUber announced Friday it is expanding its partnership with Alphabet's Waymo to...
While many investors have been distracted by the recent drop in leading technology shares, a traditionally overlooked part of the market is seeing a major boom: consumer staples. The S & P 500 consumer staples sector hit a record on...
Fronts of the GMC Sierra Denali,Tesla Cybertruck and Ford F-150 Lightning EVs (left to right).Michael Wayland / CNBCDETROIT – Tesla, General Motors, Rivian Automotive and Ford Motor have created a new market in the U.S. automotive industry of pricey, powerful and...
