DIRS.INFO The most relevant business & tech news

Binance is finding 300,000 fake addresses every week, mainly on Ethereum and Bitcoin networks. AdvertisementAs crypto thieves find more creative ways to trick people, so do those trying to crack down on them. Binance, a major crypto exchange, told Business Insider that it has developed an algorithm to spot fake crypto addresses — used in so-called "address poisoning" scams. According to Binance, the company's algorithm is detecting some 300,000 fake addresses every week, mostly on Ethereum and Bitcoin networks. The FBI warns that services offering to return money to the victims of crypto scams might actually also be scams themselves.

Persons: —, it's, Binance Organizations: Service, Services, FBI

☆ Jim Cramer says Alphabet is a buy and the most undervalued large tech stock
▼ + stars: | 2024-05-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Jim Cramer suggested some of Apple's AI commentary Thursday night could be a factor in the Google parent's stock move. We continue to believe the market is underappreciating Coterra's ability to pullback production in natural gas in favor of oil. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, That's, Jim, Tom Jorden, Jorden, Nelson Peltz, Peltz, Jim Cramer's Organizations: CNBC, Apple, Conference, Nasdaq, Google, Federal Reserve, Institute for Supply, Coterra Energy, Diamondback Energy, Cinco, Cinco de Mayo, Constellation Brands, Corona, Modelo, Disney, Jim Cramer's Charitable Locations: U.S, Cinco de

☆ We're raising our price target on Apple after its big earnings beat and raise
▼ + stars: | 2024-05-02 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Earnings per share rose 1% to $1.53, a March quarter record, and exceeded the LSEG consensus estimate of $1.50. This resulted in stronger-than-expected free cash flow, which is more important than operating cash flow because it is cash Apple can ultimately return to shareholders via buybacks and dividends. During the reported quarter, Apple paid over $27 billion to shareholders, including $3.7 billion in dividends and equivalents and another $23.5 billion via the repurchase of 130 million shares. Quarterly results Apple's services sales notched another record, which offset a slight miss in product sales and led to beats on gross and operating income. iPad sales are expected to gain double digits year over year, much better than the 5.9% expected on Wall Street.

Persons: Tim Cook, Cook, we're, Apple, Luca Maestri, Maestri, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Management, MacBook, MacBook Air, Apple Watch, Fortune, Apple Vision, KLM Airlines, CNBC, Apple Inc, Visual China, Getty Locations: China, Greater China, America, East, Canada, India, Spain, Turkey, Indonesia, WWDC, U.S, Australia, France, Germany, Japan, Shanghai

☆ GDP growth slowed to a 1.6% rate in the first quarter, well below expectations
▼ + stars: | 2024-04-25 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Consumer spending increased 2.5% in the period, down from a 3.3% gain in the fourth quarter and below the 3% Wall Street estimate. Net exports subtracted 0.86 percentage point from the growth rate while consumer spending contributed 1.68 percentage points. Excluding food and energy, core PCE prices rose at a 3.7% rate, both well above the Fed's 2% target. Income adjusted for taxes and inflation rose 1.1% for the period, down from 2%. Services spending increased 4%, its highest quarterly level since Q3 of 2021.

Persons: Dow Jones, Jeffrey Roach Organizations: Gross, department's, Analysis, Commerce Department, Federal, Dow Jones, Treasury, Federal Reserve, LPL, Labor Department

☆ Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit
▼ + stars: | 2024-04-25 | by ( Karen Weise | More About Karen Weise | ) www.nytimes.com time to read: +1 min

Profit hit $21.9 billion, up from $18.3 billion. A year after Microsoft began its push to put A.I. into everything it does, the company said sales of its flagship cloud computing product, Azure, had grown 31 percent. push has helped it gain market share from Amazon, the leading cloud services provider. In January, the company said 53,000 customers were using its cloud A.I.

Persons: Microsoft’s Organizations: Microsoft, Revenue, Amazon

☆ Oil prices aren't the Fed's biggest problem right now — American demand is, says an economist
▼ + stars: | 2024-04-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Israel's strike on Iran caused oil prices to spike, sparking fears of rising inflation. But US inflation is more impacted by strong domestic demand than by oil prices, an economist told Bloomberg TV. Oil prices gained as much as 4% following reports of the attack before later subsiding. Services is demand, and that demand needs to come from somewhere — and that's a robust economy," Chaar told Bloomberg. "I would say the biggest challenge here for the Fed is to manage the demand of the US economy," Chaar said.

Persons: —, Samy Chaar, Lombard Odier, Jerome Powell, Chaar Organizations: Bloomberg, Service, Fed, Bloomberg TV, Federal, Services, Institute for Supply Management Locations: Iran, Israel, —, Swiss, America

☆ UK inflation eases less than expected to 3.2% in March, sparking concerns of U.S.-style stickiness
▼ + stars: | 2024-04-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Food prices provided the biggest downward drag on the headline rate, the ONS said, while motor fuels pushed it higher. The core figure, excluding energy, food, alcohol and tobacco, came in at 4.2%, compared with a projection of 4.1%. Services inflation, a key watcher for U.K. monetary policymakers, declined from 6.1% to 6% — again above the expectations of both economists and the BOE. This week, investors have been monitoring signs of a cooling U.K. labor market, with unemployment unexpectedly rising to 4.2% in the period between December and February. The central bank's own forecast is for inflation to "briefly drop" to its 2% target in the spring before increasing slightly.

Persons: BOE, BOE Governor Andrew Bailey Organizations: National Statistics, Bank of England, Reuters, Federal Reserve Locations: U.S

☆ Hot inflation data pushes market’s rate cut expectations to September
▼ + stars: | 2024-04-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Three months of inflation data have brought those expectations back down to earth. "Not that you've put a pin in inflation getting to the Fed's target, but it's not happening imminently." The 2-year Treasury note , which is especially sensitive to Fed rate moves, jumped to 4.93%, an increase of nearly 0.2 percentage point. The pricing in of seven rate cuts earlier this year was completely at odds with indications from Fed officials. However, when policymakers in December raised their "dot plot" indicator to three rate cuts from two projected in September, it set off a Wall Street frenzy.

Persons: Michael M, Liz Ann Sonders, Charles Schwab, you've, There's, Today's, Phillip Neuhart, Joseph LaVorgna, Schwab's Sonders, Sonders Organizations: New York Stock Exchange, Santiago, Getty, Federal, Labor, CPI, Fed, Traders, First, Bank Wealth, Dow Jones, Treasury, Nikko Securities, Atlanta Fed Locations: New York City

☆ Dollar steady ahead of jobs data; yen hits two-week high
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +3 min

The yen, while still close to the 152 range, hit a two-week high against the greenback as safe-haven bids and fresh warnings from Japanese authorities buoyed the currency. The dollar has had a turbulent week, falling from a five-month high to a two-week low after an unexpected slowdown in U.S. services growth supported expectations of bringing interest rates down. The dollar index , which measures the greenback against a basket of major currencies, was last largely unchanged at 104.18. Japanese Finance Minister Shunichi Suzuki on Friday reiterated the government's resolve to take appropriate action against sharp yen falls. The yen strengthened 0.29% versus the greenback to a two-week high of 150.92.

Persons: payrolls, Neel Kashkari, Jerome Powell, Charu Chanana, Joe Biden, Matt Simpson, Shunichi Suzuki, Kazuo Ueda, bitcoin Organizations: U.S, The U.S, greenback, Minneapolis Federal, Saxo, Biden, Finance, Bank of Japan, Asahi Locations: The, Minneapolis, Gaza, Iran

☆ Dollar takes a breather ahead of U.S. jobs data
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +3 min

European inflation came in softer-than-expected on Wednesday, reinforcing expectations for a European rate cut in June. "The speech broadly affirmed the Fed is on track to cut rates this year, with data determining the timing. The Australian dollar broke above its 200-day moving average as the U.S. dollar dipped overnight and was steady at $0.6568 on Thursday. The Aussie is at a five-month high on the New Zealand dollar with traders expecting New Zealand rate cuts beginning in August but Australian rates on hold until November. The New Zealand dollar rose 0.7% on the greenback overnight to regain a foothold above $0.60.

Persons: Jerome Powell, Sterling Organizations: Federal, Traders, ANZ, Australian, U.S, New Zealand, . U.S, Treasury, PMI, Central Bank Locations: Zealand, ., Europe

☆ Gold continues record rally after Fed comments; U.S. data in focus
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +1 min

Gold prices rallied to a record high on Thursday as Federal Reserve officials reiterated expectations of interest rate cuts in 2024, even if their timing was unclear, while traders await key U.S. jobs data. Spot gold was steady at $2,299.28 per ounce, as of 0343 GMT, and hit a record high of $2,304.09 earlier in the session. Bullion has hit record highs in each session since last week's Thursday. The U.S. jobs report for March is due to be released on Friday, with new inflation data coming next week. Lower interest rates reduce the opportunity cost of holding bullion.

Persons: Bullion, Michael Langford, Jerome Powell, Langford Organizations: Federal, U.S, Scorpion Minerals Locations: U.S

☆ Traveling with my dad helped me see him as an individual, not just my parent, and improved our relationship dynamic
▼ + stars: | 2024-03-16 | by ( Adam England | ) www.businessinsider.com time to read: +5 min

First, it was just me and my parents, and then my sister was born shortly before my ninth birthday. Over the next six years, I went on a few trips with friends, my girlfriend, and my university. And my parents and sister had all traveled at least once separately too, whether for work, school, or leisure. And, I learned more about the sort of things my parents are planning for when both of their children are adults. While my parents work on computers and are by no means technophobes, I was able to make the trip with my dad easier by having an app for everything.

Persons: I've, they've, Jude Bellingham, Adam England, I'm, they're Organizations: Birmingham City, Birmingham, Apple Locations: California, Lanzarote, Madrid, Birmingham, Real Madrid, Spain, —

☆ Recession-hit Britain swings to economic growth in January, helped by construction bounce
▼ + stars: | 2024-03-13 | by ( Jenni Reid | ) www.cnbc.com time to read: 1 min

People walk along Waterloo Bridge past the City of London skyline, the capital's financial district, on a sunny and mild day. LONDON — U.K. gross domestic product grew 0.2% in January, the Office for National Statistics said Wednesday, as construction output jumped unexpectedly. It follows a 0.1% contraction in December, while the U.K. economy entered a shallow recession in the second half of last year. Construction output was 1.1% higher in January, the ONS said, but fell 0.9% over a three-month period. Services recorded 0.2% growth in January, providing the biggest contribution to growth, as production output fell 0.2%.

Organizations: LONDON, National Statistics, Reuters, Services Locations: London, U.K

☆ Gold holds above $2,100 near record high, focus on Powell testimony
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: +2 min

Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economy's health from Federal Reserve Chair Jerome Powell. Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for U.S. rates easing by mid-year mount, while traders awaited remarks on the economy's health from Federal Reserve Chair Jerome Powell. Spot gold edged down 0.1% at $2,126.13 per ounce, as of 0458 GMT. Spot prices hit a record peak of $2141.59 per ounce overnight on Tuesday, rallying for a fifth straight session. Spot platinum rose 0.4% to $884.16 per ounce, and palladium rose over 1% to $958.20, while silver dropped 0.3% to $23.63.

Persons: Jerome Powell, Ajay Kedia, Kunal Shah Organizations: Federal, Kedia Commodities, Traders, U.S, Nirmal, Commodities Locations: Mumbai, U.S

☆ CNBC Daily Open: U.S. services activity moderates
▼ + stars: | 2024-03-06 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Overnight, U.S. markets were dragged lower by sharp declines in major tech stocks. China growth pushChina may need to resort to an old tactic to hit its ambitious growth target this year. AI adoption rateA global survey found AI adoption rate for businesses is yet to match the hype around the technology.

Persons: Hong, Dow, Bitcoin, Wang Dan, Jeremy Hunt, Paul Meeks Organizations: CNBC, CSI, Nikkei, Nasdaq, Apple, Hang Seng Bank, Finance, Conservative Party, Nvidia, Veteran, CNBC Pro Locations: Hong Kong, Asia, China, Beijing

☆ Dollar steady ahead of Powell testimony, bitcoin takes breather
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar was largely steady on Wednesday, as traders avoided making large bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell, as well as the European Central Bank's, or ECB, rate decision and U.S. jobs data later this week. In cryptocurrencies, bitcoin was slightly up but stayed below a record high reached in a volatile overnight session. Powell is expected to reinforce that the Fed will wait for more data before making any rate cuts. Elsewhere, the ECB is widely expected to leave interest rates at a record 4% at its policy meeting on Thursday. Markets are also keeping a close eye on the world's largest cryptocurrency, bitcoin , after it surged to a record high overnight before retreating sharply.

Persons: Jerome Powell, bitcoin, Powell's, Powell, Carol Kong, Sterling Organizations: U.S, Federal, European Central Bank, Institute for Supply Management, Traders, Commonwealth Bank of Australia, ECB Locations: U.S

☆ CNBC Daily Open: U.S. services pace slows slightly
▼ + stars: | 2024-03-06 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow's steep declineWall Street ended lower Tuesday as the broader market was dragged by sharp declines in major tech stocks. China growth pushChina may need to resort to an old tactic to hit its ambitious growth target this year. President Joe Biden and former President Donald Trump hold commanding leads in the polls of their respective parties.

Persons: Dow, Bitcoin, Wang Dan, Joe Biden, Donald Trump, Jerome Powell, Powell, Paul Meeks Organizations: CNBC, Nasdaq, Apple, Hang Seng Bank, Capitol, Nvidia, Veteran, CNBC Pro Locations: China, Beijing

☆ Nvidia Says Growth Will Continue as A.I. Hits ‘Tipping Point’
▼ + stars: | 2024-02-21 | by ( Don Clark | ) www.nytimes.com time to read: +1 min

Nvidia, the kingpin of chips powering artificial intelligence, on Wednesday released quarterly financial results that reinforced how the company has become one of the biggest winners of the artificial intelligence boom, and it said demand for its products would fuel continued sales growth. Nvidia has become known as one of the “Magnificent Seven” tech stocks, which along with others like Amazon, Apple and Microsoft have helped power the stock market. Last week, the company briefly eclipsed the market values of Amazon and Alphabet before receding to the fifth-most-valuable tech company. Its stock market gains are largely a result of repeatedly exceeding analysts’ expectations for growth, a feat that is becoming more difficult as they keep raising their predictions. Revenue was well above the $20 billion the company predicted in November and above Wall Street estimates of $20.4 billion.

Organizations: Nvidia, Wednesday, Apple, Microsoft, Revenue

☆ Deflation: Here's where prices fell in January 2024, in one chart
▼ + stars: | 2024-02-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

These are the big deflationary factors"A lot of factors have come together to push goods prices down," said Mark Zandi, chief economist at Moody's Analytics. In addition to normalizing supply-demand dynamics, a historically strong U.S. dollar relative to other global currencies has also helped rein in goods prices, Zandi said. Falling energy prices have also put downward pressure on goods prices, due to lower transportation and energy-intensive manufacturing costs, economists said. Lower energy prices also put downward pressure on the transportation of food to store shelves. Consumers get more for roughly the same amount of money, which shows up as a price decline in the CPI data.

Persons: RC Willey, George Frey, Jay Bryson, there's, Mark Zandi, Zandi, rebalancing, J.P, Hopper Organizations: RC, Bloomberg, Getty, U.S . Bureau of Labor Statistics, Wells, Wells Fargo Economics, Moody's, U.S . Federal, Services, Finance, Morgan's, Investment, Group, of Labor Statistics Locations: Draper , Utah, Wells Fargo, U.S, Salinas, California

☆ Dollar firms near 3-month high as rate cut bets dwindle
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar was perched near a three-month peak on Tuesday, buoyed by elevated Treasury yields, on growing expectations that the Federal Reserve is unlikely to cut interest rates aggressively this year. The U.S. dollar was perched near a three-month peak on Tuesday, buoyed by elevated Treasury yields, on growing expectations that the Federal Reserve is unlikely to cut interest rates aggressively this year. The string of robust U.S. economic data has quashed any lingering hopes of early and steep interest rate cuts by the Fed, with Fed Chair Jerome Powell and other policymakers also pushing back against the notion. Figures showed that the unemployment rate was likely much lower late last year than previously thought, which could push out rate cuts there, too. The Japanese yen strengthened 0.07% to 148.56 per dollar, hovering around a two-month low of 148.90 it touched on Monday.

Persons: Jerome Powell, Christopher Wong, Michele Bullock, Kristina Clifton Organizations: U.S, Federal, Investor, Reserve Bank of Australia, Investors, Reuters, Commonwealth Bank of Australia Locations: Singapore, Asia

☆ Meta plans to identify more AI-generated images ahead of upcoming elections
▼ + stars: | 2024-02-06 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

Meta is expanding its effort to identify images doctored by artificial intelligence as it seeks to weed out misinformation and deepfakes ahead of upcoming elections around the world. The company is building tools to identify AI-generated content at scale when it appears on Facebook, Instagram and Threads, it announced Tuesday. Until now, Meta only labeled AI-generated images developed using its own AI tools. While some AI-generated content is easily detected, that's not always the case. If they share a deepfake or other form of AI-generated content without disclosing it, the company "may apply penalties," the post says.

Persons: Nick Clegg, Clegg, that's, It's, there's Organizations: Facebook, Google, Microsoft, Adobe, Meta Locations: Russia

☆ Gold prices at nearly two-week low as Fed rate-cut bets recede
▼ + stars: | 2024-02-06 | by ( ) www.cnbc.com time to read: +2 min

A view of ingots of 99.99 percent pure gold, which are placed in a workroom, at Novosibirsk Refining Plant, Russia's leading gold refining and bar manufacturing plant, in Novosibirsk, Russia on September 15, 2023. Gold prices lingered near their lowest level in almost two weeks on Tuesday, pressured by a firmer dollar and elevated Treasury yields, as traders lowered expectations of aggressive interest rate cuts by the U.S. Federal Reserve this year. Data released on Monday showed that the U.S. services sector growth picked up in January after Friday's blowout U.S. jobs report that dashed prospects of early Fed rate cuts. Traders have repriced their bets to four quarter-point cuts for 2024, down from six last Monday, according to LSEG's interest rate probability app IRPR. Investors are awaiting remarks from at least eight Fed speakers this week for further clues on the timing of rate cuts.

Persons: Ajay Kedia Organizations: Novosibirsk Refining Plant, U.S . Federal Reserve, Fed, Kedia Commodities, Treasury, Traders Locations: Novosibirsk, Russia, U.S, Mumbai, China

BANGKOK (AP) — Shares were mixed Tuesday in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping was set to meet with officials to discuss the markets. The fund periodically steps up buying of shares in big state-owned banks and other companies to counter heavy selling pressure in the Chinese markets. On Monday, benchmarks in Shanghai and the smaller market in Shenzhen bounced between small gains and big losses, while share prices of state-run banks and other big companies rose. The Fed has yanked the federal funds rate to its highest level since 2001 to bring down high inflation. But there's also an upside for stocks from the U.S. economy's blasting through worries about a possible recession.

Persons: Xi Jinping, Xi, Hong, Seng, Australia's, India's, Jerome Powell, there's Organizations: Bloomberg, CSI, Central Huijin Investment, Nikkei, Dow Jones, Nasdaq, Federal Reserve, Institute for Supply, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Shanghai, Shenzhen, South Korea, Bangkok

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ Private payroll growth slowed to just 107,000 in January, below expectations, ADP reports
▼ + stars: | 2024-01-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

A 7-Eleven convenience store has a sign in the window reading "Now Hiring" in Cambridge, Massachusetts, U.S., July 8, 2022. Private payroll growth declined sharply in January, a possible sign that the U.S. labor market is heading for a slowdown this year, ADP reported Wednesday. Only one sector — information services (-9,000) — reported a decline, but hiring was slow across virtually all sectors. While the ADP data can provide a barometer for private sector hiring, the two reports often differ, with ADP often undershooting the Labor Department's numbers. On wage gains, ADP reported a 5.2% annual rise, a number that has run above the government's measure of average hourly earnings.

Persons: Dow Jones, —, nonfarm, Nela Richardson Organizations: ADP, Companies, Labor, CNBC PRO Locations: Cambridge , Massachusetts, U.S

Search resuls for: ". Services"

25 mentions found