Private sector job creation was stronger than expected in April, providing more evidence of a stable labor market and less incentive for the Federal Reserve to lower interest rates amid persistently higher inflation, ADP reported Wednesday. The payrolls processing firm said companies added 109,000 jobs for the month, a step up from the 61,000 created…
A can of Coors Light beer and a Ford F-150 pickup truck. Gabby Jones | Bloomberg | Brandon Bell | Getty Images Aluminum‘s surge to multiyear highs in the wake of the Iran war is creating cost pressures for the businesses that manufacture everything from cars to beer cans. Aluminum on the London Metal Exchange…
With companies spending more than ever on artificial intelligence, they are also tracking how employees use AI in unprecedented detail. Yet many CEOs hope, but still can’t tell, if it’s making workers more productive. More than two-thirds of enterprises still rely on estimates, like time saved or projected cost reductions, rather than measured financial results…
Veiled pro-government supporters stand in a line under a banner depicting portraits of Iran’s late Supreme Leader Ayatollah Ali Khamenei and Ayatollah Mojtaba Khamenei, as they wait to receive donated meals during a state-run religious rally in downtown Tehran, Iran, on April 29, 2026. Nurphoto | Nurphoto | Getty Images Up until the weekend, global…
In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 2, 2026 in Carson, California. Justin Sullivan | Getty Images Oil prices declined on Tuesday as traders assessed the risk of immediate supply disruptions amid renewed tensions between the United States and Iran. International benchmark Brent crude futures dipped 1.3% to…
Artificial intelligence startup Sierra is raising nearly a billion dollars in a new funding round, CNBC has learned, as venture capital investors search for winners in an ongoing deal spree. The San Francisco-based company brought in $950 million in fresh capital at a $15.8 billion post-money valuation, led by Tiger Global and Google’s GV. Benchmark,…
As healthcare costs soar, it’s not only individual Americans feeling the financial pain and looking to make trade-offs. Employers are scouring for ways to cut back and generous paid parental leave is among the employee benefits on the chopping block. Zoom Communications announced tweaks to its parental leave policy to bring the benefit more in…
The so-called K-shaped economy is becoming more pronounced, new data shows. In the aftermath of the Covid pandemic, the K has been used to illustrate Americans’ diverging economic experiences: Higher-income households are increasingly better off, while lower-income households are falling further behind. A new report by credit reporting bureau TransUnion found that while credit conditions have improved…
Spirit Airlines kiosks at New York’s LaGuardia Airport on May 2, hours after the carrier shut down. Leslie Josephs/CNBC BALTIMORE/NEW YORK — Spirit Airlines was hours away from its final flights Friday afternoon. Jeremiah Burton was hours away from his first. “It’s my first time flying,” Burton, a 45-year-old air conditioning and heating technician, told…
Federal Reserve Chairman Jerome Powell, and Federal Reserve Nominee, Kevin Warsh. Reuters When the Federal Open Market Committee gathers again in mid-June, it will mark the first time in nearly 80 years that a sitting and former chair conduct business together, a historic overlap that comes at a sensitive time for the central bank. While…
