Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low
Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.
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Biden administration expands EV tax credits in boost for Tesla, Cadillac, others
The EV tax credit change follows Tesla CEO Elon Musk publicly criticizing the former standards as well as GM and Ford lobbying to adjust the guidelines.
Apple telegraphed that things are getting better after a tough quarter — here's how to interpret its remarks
Here's how to interpret Apple CFO Luca Maestri's directional insights from its Q1 earnings call.
U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
Inflation and higher interest rates boosted credit card debt to a record $930.6 billion at the end of 2022, a 18.5% jump from a year earlier, TransUnion found.
Starbucks misses expectations as China Covid surge hurts international sales
In China, Starbucks' second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.
Democrats renew push for national paid family and medical leave program
Democrats say Americans need a federal paid family and medical leave program for workers to bring the U.S. in line with other industrialized nations.
Ticketmaster braces for Beyoncé's 'Renaissance' tour amid fears of Taylor Swift-level demand
Ticketing for the North American leg of Beyoncé's "Renaissance" tour begins Feb. 6, said Ticketmaster, which is trying to avoid a Taylor Swift-style fiasco.
Ford CEO Jim Farley's frustration builds as he vows to transform the automaker
CEO Jim Farley wants Ford to become a far more efficient company, and he needs it to happen quickly.
Amazon's cloud business reports 20% growth in fourth quarter, missing estimates
Amazon Web Services is still growing faster than its parent company, but the unit is seeing a deceleration as businesses reel in spending.
Apple sales drop 5% in largest quarterly revenue decline since 2016
Apple's overall sales for the holiday quarter were about 5% lower than last year's, the first year-over-year sales decline since 2019.
Amazon's advertising business grew 19%, while Google and Meta both deal with slowdowns
Although Amazon's ads business constitutes a small fraction of the $149.2 billion in revenue the company recorded in its fourth quarter, it's growing fast.
Amazon beats on fourth-quarter revenue but provides light guidance
Amazon exceeded revenue expectations for the fourth quarter, but the stock price slipped on light sales guidance for the first quarter.
Ford posts full-year net loss, ugly fourth quarter as 'execution issues' plague operations
The automotive industry's earnings and forecasts are being closely watched by Wall Street for any signs of weakening consumer demand.
Qualcomm revenue falls 12%, guidance implies more pain this quarter
Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead.
Apple and Google should boot TikTok from their app stores, Democratic senator urges
Sen. Michael Bennet, D-Colo., urged the CEOs of Apple and Google to remove TikTok from their mobile app stores immediately in a letter Thursday.
Opinion: Why Beijing is cheering on the U.S. debt ceiling fight
Continued brinksmanship and extremism over the debt ceiling is only serving to undercut a key element of U.S. strength.
Amazon told lawmakers it wouldn't build storm shelters in warehouses after fatal collapse
The e-retailer has faced questions from lawmakers who argue it didn't do enough to protect workers from the storm.
Mortgage rates drop to the 5% range for the first time since September
The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily.
Ford's U.S. sales start 2023 on strong footing, boosted by F-Series and Bronco
Ford's EV sales, a major focus of Wall Street, increased in January, led by its electric Mustang Mach-E crossover.
ChatGPT has made AI the hot new thing in Silicon Valley, and investors are suddenly very interested
Since OpenAI released it in November 2022, millions of people have been using the AI chatbot for things like fixing coding errors and writing papers.
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