Articles by tag: CNBC

New US Jobless Claims Fall to 375,000, as Nearly 3 Million Americans Remain Unemployed

  For the third week in a row, initial jobless claims declined as the United States' labor market continues to recover from the 2020 recession. On August 12, the Labor Read more

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China Chip Controls manufacturing plant
Biden Nears Win as Japan, Dutch Back China Chip Controls
January 29, 2023

For more on the West’s race to implement China chip controls, read Bloomberg’s explainer on the computer chip “arms race.” (Bloomberg) — Japan and the Netherlands are poised to join the US in limiting China’s access to advanced semiconductor machinery, forging a powerful alliance that will undercut Beijing’s ambitions to build its own domestic […]

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NYSE Mayhem Traced to a Staffer Who Left a Backup System Running
January 28, 2023

(Bloomberg) — More than 700 miles from Wall Street, the New York Stock Exchange’s backup data center on Cermak Road in Chicago is supposed to safeguard US markets, standing by at all hours in case disaster ever strikes the world’s largest venue for trading shares. When markets are closed, it participates in a well-worn routine, […]

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California storms farmers
California Storms Have Farmers Rushing to Avoid Crop Shortfall
January 28, 2023

(Bloomberg) — California farmers are facing costly damages from weeks of severe California storms that may trigger more expensive US fruits and vegetables in a time of massive food inflation. “The numbers are going to be somewhere in the hundreds of millions and perhaps in the billions,” Dave Puglia, head of the trade group Western […]

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New US Jobless Claims Fall to 375,000, as Nearly 3 Million Americans Remain Unemployed
August 13, 2021

For the third week in a row, initial jobless claims declined as the United States’ labor market continues to recover from the 2020 recession. On August 12, the Labor Department said that new claims for jobless benefits came down to 375,000 last week. CNBC reports that there were also a record high number of open […]

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Virginia Repeats as America’s Best State for Business
July 16, 2021

Since 2007, CNBC has compiled a study with a simple aim – to declare one American city as the country’s best for business. This year, after a year with no study due to the pandemic, Virginia backed up a first-place nod in 2019 with another. Virginia has now taken home the title five times since […]

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Dry Ice Becomes a Must for COVID Vaccine Distribution
December 17, 2020

As the world eagerly awaits the manufacture and distribution of the COVID vaccine, many are considering the many steps that will be needed to deliver these vital vials of medication to the hospitals and pharmacies where they’ll be injected. Moderna’s vaccine has to be shipped at -4˚F, then can be stored at that temperature […]

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October Jobs Report: Leisure and Hospitality Lead the Way
November 1, 2019

The October Jobs Report was released by the United States Bureau of Labor Statistics on Friday. The government reported that U.S. payrolls increased by 128,000, beating the expectation of 75,000 from economists. Leading the way was the leisure and hospitality sector, which alone contributed 61,000 new jobs in October. Of that total, 48,000 jobs are […]

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The Shortlist, August 7, 2019: Tariffs with a Side of Fries
August 7, 2019

It has been a tumultuous week in the stock markets with the announcement of a new 10% tariff on $300 million of Chinese goods slated to go into effect on September 1st. This is the first round of tariffs to target consumer goods, and retailers reeled accordingly. China responded to the tariffs by devaluing […]

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