business

The US adds 261,000 jobs in a continuing sign of the strength of the labor market

US job growth rose at an unexpectedly fast rate in October, defying expectations of a further slowdown as the historically tight labor market once again showed resilience in the face of aggressive Fed efforts to curb demand. The economy added 261 thousand jobs last month, according to data released by the Bureau of Labor Statistics …

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The important news that could raise the demand for Covid boosters

covid vaccine stock Biotechnology (BNTX) and modern (mRNA) surged Friday after a new study suggested an additional benefit of updated omicron targeting enhancers over the original shots of older adults. X Pfizer (PFE) and BioNTech measured the amount of virus-blocking antibodies capable of transacting with the BA.4 and BA.5 sub variants of the omicron. People …

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Elon Musk says Twitter has seen a “huge drop in revenue” as more brands stop advertising | CNN Business

CNN – Elon Musk said Friday that Twitter has seen a “massive drop in revenue,” as a growing number of advertisers have paused spending on the platform in the wake of its $44 billion acquisition. And he said in a tweet: “Twitter has seen a massive decrease in revenue, due to the pressure of activist …

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Twitter Elon Musk hires employees across the company | CNN Business

CNN Business – Twitter on Friday laid off employees in departments across the company, in a sharp round of cost-cutting that could upend the way one of the world’s most influential platforms operates one week after it was acquired by billionaire Elon Musk. Several Twitter employees began posting on the platform Thursday night and Friday …

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Atlassian stock software, Twilio, Cloudflare take a beating on guidance

Investors hit software stocks Atlassian (Team), Twilio (TWLO) and Cloud Flare (Net) Friday to issue weak guidance. X TEAM stock is down 32.4% to 117.78 in afternoon trading in the stock market today. TWLO stock fell 36.5% to 41.46. Meanwhile, Cloudflare stock fell 21% to 39.67. Atlassian reported first-quarter earnings of 36 cents, down 3 …

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Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash, and more

A customer holds a drink inside a Starbucks cafe in San Francisco, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves in the middle of the day: Starbucks The Seattle-based coffee company jumped nearly 9% after it reported quarterly earnings and revenue …

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Wall Street stocks rose after a warmer-than-expected jobs report

US stocks rose and the dollar fell on Friday after a major report showed that the economy added more jobs than expected last month, increasing pressure on the Federal Reserve to maintain its aggressive stance on inflation. The leading S&P 500 index jumped 0.9 percent, while the high-tech Nasdaq Composite gained 0.6 percent. In Europe, …

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Live updates on unemployment and the stock market

The Labor Department said Friday that the unemployment rate rose from 3.5% to 3.7%. Economists estimated that 190,000 jobs were added last month. Employers added 261,000 jobs despite rising inflation, higher interest rates and growing recession fears. Employment remained strong in October as employers added 261,000 jobs despite rising inflation, higher interest rates and growing …

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