Tag: breaking news
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U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2%
Nonfarm payrolls were expected to rise by 115,000 in June while the unemployment rate held steady at 4.3%.
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World Cup could boost the June jobs report by 40,000, Goldman estimates
Nonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.
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Private payrolls rose by 98,000 in June, less than expected, ADP reports
Companies added slightly fewer workers than forecast, with hiring targeted heavily toward healthcare-related sectors.
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Cleveland Fed President Hammack sees AI fueling inflation, says rate hikes may be necessary
“We’ve got inflation that’s too high, and it’s been too high for the past five years,” Beth Hammack told CNBC’s Sara Eisen.
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Indonesia jails former education minister for 10 years in Google Chromebook graft case
Makarim was found guilty in a case over the procurement of Google Chromebooks for schools
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CNBC Daily Open: Another weekend escalation in Iran, another market shrug
Tensions in the Middle East flared again over the weekend, but markets appeared largely unfazed, with investors instead turning to a tech recovery rally.
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Oil rises as renewed U.S.-Iran strikes reignite Middle East supply fears
Oil edged higher on Monday after renewed military strikes between the U.S. and Iran reignited concerns over crude supplies from the Middle East.
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Oracle stock has worst week since 2001 dot-com bust as AI financing concerns escalate
Oracle’s surging spending, negative free cash flow and $130 billion debt pile are weighing on the stock.
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Minneapolis Fed President Neel Kashkari says he expects a rate hike this year
Kashkari said he sees a hike likely this year as the economy continues to feel the hit from spiking inflation.
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Warsh reaches within the Fed for latest advisory appointments
Warsh has added two more key advisors as he seeks to remake how the central bank approaches the economy and monetary policy.
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