Blog

Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics reported Friday.Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000.The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force itself declined. A broader measure that includes discouraged workers and those holding part-time jobs for economic reasons edged higher to 7.8%.Job gains were focused in health care (54,000), leisure and hospitality (53,000) and government (33,000), sectors that have consi...

Here are five key things investors need to know to start the trading day:1. Record slipStocks moved lower Thursday, retreating from the records the major indexes hit in the previous trading session. The Dow Jones Industrial Average dropped 248.33 points, or 0.55%, while, the Nasdaq Composite dipped 0.18% and the S&P 500 slipped 0.19%. Bitcoin, meanwhile, also traded a bit lower, falling below $100,000 after it climbed above that threshold for the first time late Wednesday. Follow live market updates.2. Jobs timeHiring signage displayed at a job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, US, on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty ImagesIt's the first Friday of December, wh...

Watch Robinhood stock as the company embarks on an ambitious growth plan, Goldman Sachs said. The bank upgraded online brokerage to buy from neutral. Its $46 per share price target, up from $40, implies 18% upside from Thursday's close. Robinhood held its first ever investor day on Wednesday, which was viewed largely positively from analysts on Wall Street . The company laid out a 10 year company outlook for investors, which included initiatives such as growing its crypto exchange business and a goal of becoming the top active trading platform within the next 24 months. HOOD YTD mountain Robinhood stock. "HOOD has successfully migrated from a fast growing, periodically profitable online broker servicing mostly younger investors, to a best-in-class top and bottom-line asset under custody co...

A Chevron gas station in Richmond, California, US, on Wednesday, June 19, 2024. David Paul Morris | Bloomberg | Getty ImagesU.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales costs.Much of the charges are for job cuts and relocations planned for the next two years, the company said in a statement. Chevron did not disclose how many jobs would be lost among its 45,000 workers.The cost cutting and asset sales come amid a year-long profit slide that required borrowing to cover shareholder payouts. The No. 2 U.S. oil producer earlier said it aimed to cut up to $3 billion in costs through 2026.Oil companies have turned to acquisitions to lift reserves and output, requiring less expenditures ...

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDPolice investigating Wednesday's fatal shooting of UnitedHealthcare CEO Brian Thompson now believe the man wanted in connection with the killing traveled to New York City on a Greyhound bus from Atlanta two weeks ago, NBC News reported Thursday night.Investigators are trying to find a name for the unidentified suspect from ticket purchases for the trip, which ended in New York at around 9 p.m. ET on Nov. 24.That arrival date was two days before UnitedHealth Group, the parent of UnitedHealthcare, announced that it would hold its annual investor conference in New York on Dec. 4 — the same day that a masked gunman killed the 50-year-old CEO Thompson as he was about to walk into that event in the...

The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty ImagesDollar General is testing same-day delivery to customers' homes as the deep discounter tries to fend off fiercer competition with Walmart.On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer "soft launched" the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. It is offered through a third-party company, which he did not name."We've always said here, 'We're going to do delivery our way when it's time,'" Vasos said. "We believe it's time."He said the company expects it will ultimately expand the offering to "thousands of stores."With same-day delivery, the Tennessee-based dollar store is acknowledging the pressu...