Long-term unemployment tumbles in March as job market stays hot

Long-term unemployment tumbles in March as job market stays hot

A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images The ranks of the long-term unemployed fell again in March, edging closer to prepandemic levels as the job market offers ample opportunity for workers. Long-term unemployment is a period of joblessness … Read more

Asian Shares’ Rise Broadly Cheered by US Earnings, Rally | Business News

By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Asian shares gained Friday as investors cheered a strong set of earnings from retailers that has sent US shares higher. Benchmarks were rising in early trading across the region, including Japan, China, Australia and South Korea. “Improved risk sentiments in Wall Street, along with earnings outperformance … Read more

There are about 1 million more job openings than people looking for work

There are about 1 million more job openings than people looking for work

A sign advertising job openings is seen outside of a Starbucks in New York, May 26, 2021. andrew kelly | Reuters Employers in the US face an interesting challenge ahead – how to fill nearly 10 million job openings with about a million fewer workers than there are positions available. How successful they are will … Read more

America’s small businesses aren’t ready for a cyberattack

America's small businesses aren't ready for a cyberattack

Some of the highest profile cyberattacks on the US in recent years are alleged to have originated in Russia, including the 2021 attack on the Colonial Pipeline — the largest fuel pipeline in the US — the SolarWinds attack in 2020, and the 2016 hacking into the Democratic National Committee. Since Russia invaded Ukraine in … Read more

February jobs report expected to show strong labor market continuing with solid wage gains

February jobs report expected to show strong labor market continuing with solid wage gains

A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The economy was likely to have added jobs at a healthy pace in February and wages gains were strong. The February employment report, released at 8:30 am Friday, is … Read more

Sequoia coaches start-ups to cut costs or face a ‘death spiral’

Sequoia coaches start-ups to cut costs or face a 'death spiral'

One of Silicon Valley’s most successful venture capital firms doesn’t see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, Sequoia Capital has laid out a litany of risks making it harder for founders to raise money and operate. … Read more

There’s an ‘un-retirement’ trend amid hot job market, analyzes find

There's an 'un-retirement' trend amid hot job market, analyzes find

Thomas Barwick | digitalvision | Getty Images Retirees have joined the labor force at a steady clip in recent months, attracted by a hot job market and reduced Covid health risks. This “un-retirement” trend could help increase the available pool of workers and ease the hiring challenges businesses have reported. As of April, 3.3% of … Read more

Big Tech Deals Keep Coming: Broadcom Buys VMware for $61B | Business News

By MICHELLE CHAPMAN, AP Business Writer Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. The proposed deal comes just weeks after billionaire and Tesla CEO Elon Musk offered … Read more

We’re adding shares of this chipmaker and updating our price target

We're adding shares of this chipmaker and updating our price target

We’re buying 50 shares of Nvidia (NVDA) at roughly $163.51 each. Following Thursday’s trade, the portfolio will own 325 shares of NVDA, increasing its weighting to about 1.91% from 1.62%. In line with our takeaway from Wednesday’s earnings analysis , we are stepping up to the plate and picking up a portion of the shares … Read more

Fewer Americans Apply for Jobless Benefits Last Week | Business News

By MATT OTT, AP Business Writer WASHINGTON (AP) — Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment benefits already near five-decade lows. Applications for unemployment benefits fell by 8,000 to 210,000 for the week ending May 21, the Labor Department reported Thursday. First-time applications are generally representative of … Read more