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☆ US economy added 254,000 jobs in September, logging surprisingly robust growth
▼ + stars: | 2024-10-04 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

CNN —US job growth surged in September, blowing past expectations and providing solid reassurance for the ongoing stability of the labor market. Employers added an estimated 254,000 jobs in September, according to data released Friday by the Bureau of Labor Statistics. “The outlook for the economy in the months ahead is quite favorable, according to the September jobs report. As job gains dropped off from their once breakneck pace, economists were quick to note that the labor market was merely slowing and not at risk of imminent collapse. “The labor market is strong,” she said.

Persons: “, ” Brian Bethune, —, Chris Rupkey, ”, Elise Gould, Gould, Jerome Powell, September’s, it’s, ” Bethune, ‘, ’, Josh Hirt, ” Hirt, they’ve Organizations: CNN, Employers, Bureau of Labor Statistics, BLS, Boston College, Service, Federal Reserve, FwdBonds, Economic Policy Institute, Federal, Vanguard, Boeing

☆ Mark Zuckerberg's starry watch isn't just the price of a Cybertruck, it's another major step up in his style game
▼ + stars: | 2024-09-19 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewHere's the latest sign of Mark Zuckerberg's style evolution — a luxury watch depicting the Milky Way. Mark Zuckerberg spotted yesterday during the @AcquiredFM live wearing a DB25 Starry Varius in rose gold from De Bethune. 👀 pic.twitter.com/raZRTyzmAz — ZwapX (@zwapxofficial) September 11, 2024This is not the first premium watch Zuckerberg has been spotted wearing. "His recent style evolution, shown by a love for premium watches and subtle luxury, suggests a shift." To be sure, Zuckerberg's style evolution might have less to do with aesthetics and more to do with an intentional strategy to cultivate a relatable and attractive personal image.

Persons: —, Mark, De Bethune, Bryan Li, Mark Zuckerberg, De, 👀, ove Organizations: Service, De Bethune DB, Business, Swiss Locations: De Bethune, ife

☆ Mark Zuckerberg's latest splurge is a $260,000 watch 'created from a meteorite'
▼ + stars: | 2024-09-19 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

The Meta CEO sported a watch, the De Bethune DB25 Starry Varius Aérolite, at a podcast event last week. The watch costs an estimated $260,000 and only five are made a year. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg's newest flashy accessory isn't another chain necklace — it's an ultra-rare watch.

Persons: Mark Zuckerberg, De Bethune, —, Bethune Organizations: Service, Chase Center Locations: San Francisco

☆ USWNT 1 Brazil 0: Mal Swanson’s goal helps USWNT win its first Olympic gold medal in 12 years
▼ + stars: | 2024-08-10 | by ( Jeff Rueter | Steph Yang | ) www.nytimes.com time to read: +9 min

Despite a late push, she could not help her side finally overcome a USWNT in a gold medal match. After a cagey first half of today’s final, Swanson finally found space beyond the back line to break open a deadlocked match. It was a sequence worth of winning a gold medal and a fine way to mark a player’s 100th cap. But now, with a gold medal tucked under her arm, she definitely has the cachet to make whatever changes she wants. Hayes led the U.S. to its fifth Olympic gold medal.

Persons: Mallory Swanson, Korbin Albert, Swanson, Lorena, Marta, Ludmila, Seleção, Lindsey Horan, Alyssa Naeher, Jeff Rueter, Steph Yang, Sophia Smith, Trinity Rodman, Smith, Rodman, Carl Recine, Albert, IT'S MALLORY SWANSON, ike, oster, oots,, ince, ade, aris G ames., alf, hroughout, razil, inger, ong, unger, hape, hird, ames, ike H, J ane C ampbell, Organizations: U.S, women’s, Brazil, Triple, Getty, Portland Thorns, TEAM USA, FIRST, ust, aris G, eff Locations: U.S, Brazil, Brazilian, —, jubilation, arta

☆ USWNT 4-1 Germany: U.S. finds scoring groove to secure knockout spot at 2024 Olympics
▼ + stars: | 2024-07-28 | by ( Jeff Rueter | Steph Yang | ) www.nytimes.com time to read: +8 min

Jeff Rueter and Steph Yang dissect how the U.S. took the top spot in Group B with one game to go. Swanson crashed the box for the second U.S. goal, catching Smith’s rebounding shot off Germany goalkeeper Ann-Katrin Berger. In the second half, everyone was looking tired, especially with no rotation in the starting XI from the first game. For a second straight game, Williams was brought on late to ice the game as a pressing-minded forward. Ultimately, Sonnet looked the part throughout the second half.

Persons: Sophia Smith, Mallory Swanson, Lynn Williams, Jeff Rueter, Steph Yang, Swanson, Smith, ” Swanson, Ann, Katrin Berger, Trinity, Rose Lavelle, you’ve, mpics ar, sy, mpic ho Organizations: U.S, women’s, Sweden, U.S . Locations: Germany, Brazil, U.S, United States

☆ USWNT 3-0 Zambia takeaways: Rodman and two-goal Swanson ensure Olympics start with a win
▼ + stars: | 2024-07-25 | by ( Jeff Rueter | Steph Yang | ) www.nytimes.com time to read: +11 min

It was a well-deserved opening after the U.S. had hammered at Zambia’s goal for 15 minutes straight, including two attempts off the crossbar and a first-minute toe-poke from Lindsey Horan that went just wide. 🤯 📺 USA Network & Peacock | #ParisOlympics pic.twitter.com/Dnx2xioNTC — NBC Olympics & Paralympics (@NBCOlympics) July 25, 2024Following Trinity Rodman’s opening goal, Zambia’s defense was caught in two minds. The additional open terrain catered to the dynamic forward line of Swanson, Smith and Rodman, as the trio weaved about to find pockets to exploit. After the game, Hayes said the decision was down to mitigating risks. (Photo by John Todd, Getty Images)A more expected, but very intriguing, change came in the 65th minute with Rodman, Swanson and Horan out for Casey Krueger, Nighswonger and Emily Sonnett.

Persons: Lindsey Horan, Trinity Rodman, Mallory Swanson, Emma Hayes, Zambia’s Pauline Zulu, Hayes, Sophia Smith, Rose Lavelle, Jeff Rueter, Steph Yang, Horan, Rodman, Swanson’s, Steph Yang Mal’s, Swanson, Emma Hayes ’, MALLORY SWANSON, S. Organizations: U.S, women’s, Zambia, Germany, Olympic Games, Australia, Chicago Red Stars, Olympics Locations: Nice, The U.S, Marseille, bamboozle, Republic of Ireland

☆ Alex Morgan left off US women’s soccer team roster for Paris Olympics as team undergoes a changing of the guard
▼ + stars: | 2024-06-26 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +4 min

Washington CNN —US women’s soccer legend Alex Morgan will not be on the team’s roster for the Olympic Games next month in Paris, a symbol of the changing of the guard going on inside the women’s national team. The 22-player roster, which includes 18 players going to Paris and four alternates, includes only eight players from the 2020 Olympics, which were held in 2021 in Tokyo, and 10 members of the 2023 World Cup team. She acknowledged the roster for Paris will have less experienced players than previous tournaments with an eye toward development. “I’m not looking backwards, we have to look forward with a group of players that have put that World Cup behind them. And we’re very much looking forward to sort of building on the work, you know, post-the World Cup.

Persons: Alex Morgan, Emma Hayes, Hayes, Morgan, I’m, ” Hayes, “, there’s, Casey Murphy, Alyssa Naeher, Tierna Davidson, Emily Fox, Naomi Girma, Casey Krueger, Jenna Nighswonger, Emily Sonnett, Korbin Albert, Sam Coffey, Lindsey Horan, Rose Lavelle, Catarina Macario, Crystal Dunn, Trinity Rodman, Jaedyn Shaw, Sophia Smith, Mallory Swanson, Jane Campbell, Hal Hershfelt, Croix Bethune, Lynn Williams, I’ve, ” Organizations: Washington CNN, Olympic Games, Tokyo Games, “, Paris, – Locations: Paris, Tokyo, France

CHARLOTTE, N.C. (AP) — Florida State coach Mike Norvell said the possibility of leaving his unbeaten Seminoles out of the College Football Playoff shouldn't even be discussed. Florida State made things as difficult as possible on the CFP selection committee, using a dominant defensive performance to beat No. In all likelihood, Rodemaker would be ready to play should Florida State make the playoff, but even he has only started two games. Florida State also had 14 tackles for loss and 10 pass breakups. “I feel like we go out there and play for each other and we are a close-knit team,” Toafili said.

Persons: CHARLOTTE, Mike Norvell, Brock Glenn, “, ” Norvell, ” Lawrance Toafili, Glenn, Jordan Travis, Tate Rodemaker, Travis, Alex Mastromanno, Tatum Bethune, Jack Plummer’s, Plummer, Jeff Brohm, Ryan Fitzgerald, Braden Fiske, Fitzgerald, Fiske, Toafili, Norvell, ” Toafili, haven't, Rodemaker, ___ Organizations: Florida State, Seminoles, College, CFP, Louisville, Atlantic Coast Conference, Alabama, Southeastern Conference, Texas, Heisman, ACC, Cardinals, AP Locations: N.C, Florida, Georgia, Louisville

☆ Things will hold up better for airlines than the market appreciates, says Raymond James' Savi Syth
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThings will hold up better for airlines than the market appreciates, says Raymond James' Savi SythGordon Bethune, former Continental Airlines CEO, and Raymond James analyst Savi Syth join 'Squawk on the Street' to discuss how long the good times can last for airline companies, how the industry will navigate this current period, and more.

Persons: Raymond James ' Savi, Gordon Bethune, Raymond James, Savi Syth Organizations: Continental Airlines CEO

☆ US job growth probably slowed in October due to UAW strike
▼ + stars: | 2023-11-03 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The anticipated moderation in employment growth last month would also be pay back after September's enormous gains, the largest in eight months. The Labor Department's closely watched employment report on Friday is expected to show labor market conditions steadily easing, with annual wage growth the smallest in nearly 2-1/2 years and significant growth in the supply of workers. Manufacturing payrolls are forecast falling 10,000 after advancing 17,000 in September. Last week, the BLS reported at least 30,000 UAW members were on strike during the period it surveyed businesses for October's employment report. Wages gains would still be above the 3.5% that economists say is consistent with the Fed's 2% target.

Persons: Brian Snyder, Detroit's, Sam Bullard, payrolls, Veronica Clark, we've, Sung Won Sohn, we're, Brian Bethune, that's, Lucia Mutikani, David Gregorio Our Organizations: Taylor Party, Equipment Rentals, REUTERS, UAW, United Auto Workers, Labor, Federal Reserve, Labor Department's Bureau of Labor Statistics, Manufacturing, BLS, Citigroup, UPS, Finance, Loyola Marymount University, Boston College, Thomson Locations: Somerville , Massachusetts, U.S, WASHINGTON, Wells, Charlotte , North Carolina, New York, Los Angeles

☆ US third-quarter economic growth seen fastest in nearly 2 years
▼ + stars: | 2023-10-26 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

While the anticipated robust growth pace notched last quarter is probably not sustainable, it would demonstrate the economy's resilience despite aggressive interest rate hikes from the Federal Reserve. According to a Reuters survey of economists, GDP likely increased at a 4.3% annualized rate last quarter, which would be the fastest since the fourth quarter of 2021. Others are not too concerned, noting the labor market continues to churn out jobs at a solid clip. Growth last quarter was also seen lifted by a smaller trade deficit, thanks to strong exports and increased inventory investment. But the labor dispute, which is costing auto makers millions of dollars per week, could weigh on growth in the fourth quarter.

Persons: Andrew Kelly, Joe Biden's, Sal Guatieri, Luke Tilley, it's, Yelena Shulyatyeva, Brian Bethune, Lucia Mutikani, David Gregorio Our Organizations: REUTERS, Business, WASHINGTON, Federal Reserve, United Auto Workers, BMO Capital Markets, Consumer, Wilmington Trust, Labor, Labor Department, U.S, Treasury, Financial, Group's, BNP, Boston College, Thomson Locations: Brooklyn , New York City, U.S, Toronto, American, Wilmington, Philadelphia, New York

☆ Mexican American woman becomes first NCAA Division 1 female kicker at an HBCU
▼ + stars: | 2023-10-14 | by ( Justin Gamble | ) edition.cnn.com time to read: +6 min

CNN —A Mexican American woman has become the first female kicker at Jackson State University, a NCAA Division I Historically Black College and University. I’m playing football,’ Armenta said. As a freshman, her talent and skill shocked coaches at St. Bonaventure High School in Ventura, California. “She was the best freshman kicker that we had,” said Joseph Goyeneche, Armenta’s high school football head coach. And last month, Haley Van Voorhis, became the first female football player to appear in an NCAA football game outside of the kicker position.

Persons: Leilani Armenta, Bethune, I’m, ’ Armenta, Armenta, Jackson, she’s, ”, Joseph Goyeneche, ” Armenta, Goyeneche, Doctors, you’re, it’s, ” Goyeneche, “, I’ve, CNN she’s, hasn’t, ” T.C, Taylor, ” Taylor, ’, Katie Hnida, Sarah Fuller, Haley Van Voorhis, Van Voorhis, doesn’t Organizations: CNN, Jackson State University, NCAA, Black College and University, Cookman University, “, Alabama State University, St . Bonaventure High School, University of New, Vanderbilt, Power, University of Tennessee, Shenandoah University, III, Jackson State Locations: Mexican, Ventura , California, University of New Mexico

☆ Hollywood strike, Yellow bankruptcy likely restrained US job growth in August
▼ + stars: | 2023-09-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

As such, economists are cautioning against reading too much into any sharp deceleration in job gains when the Labor Department's publishes its closely watched employment report on Friday. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in July, according to a Reuters survey of economists. Still, employment growth would be more than the roughly 100,000 jobs per month needed to keep up with the increase in the working age population. Yellow Corp trucking filed for Chapter 11 bankruptcy in early August, leaving about 30,000 workers unemployed. "This (job growth) would be one more piece of evidence that would be consistent with that, but that also depends a lot on the upcoming inflation data."

Persons: Elizabeth Frantz, it's, Brian Bethune, Nonfarm, payrolls, Conrad DeQuadros, Dean Maki, Ellen Zentner, Morgan Stanley, Lucia Mutikani, Nick Zieminski Organizations: REUTERS, Labor, Boston College, Labor Department's Bureau of Labor Statistics, American Federation of Television, Radio Artists, Yellow Corp, Brean, Point72, Management, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, New York, Stamford , Connecticut

☆ Slower US job, wage gains expected in May
▼ + stars: | 2023-06-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Nevertheless, the Labor Department's closely watched employment report on Friday is expected to still show the labor market remaining tight. PROGRESS ON INFLATIONBut the overall labor market remains upbeat, with first time applications for state unemployment benefits hovering at very low levels. Slowing wage inflation is corroborated by other measures like the Atlanta Fed's wage tracker, which has come off its peaks. Financial markets see a nearly 70% chance of the Fed keeping its policy rate unchanged at its June 13-14 meeting, according to CME Group's FedWatch Tool. The Labor Department's Bureau of Labor Statistics, which compiles the employment report, did not record the work stoppage in its May strike report.

Persons: Bill Adams, Brian Bethune, Nancy Vanden Houten, Lucia Mutikani, Chizu Organizations: Federal Reserve, Labor, Comerica Bank, Data, Labor Department, Atlanta, Boston College, Fed, Writers Guild of America, Labor Department's Bureau of Labor Statistics, Oxford Economics, Thomson Locations: y WASHINGTON, Dallas, New York

☆ Strong US consumer spending seen driving economy in first quarter
▼ + stars: | 2023-04-27 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

According to a Reuters survey of economists, GDP growth likely increased at a 2.0% annualized rate last quarter after rising at a 2.6% pace in the fourth quarter. Estimates ranged from a growth rate of 0.4% to a 3.3% pace. DOWNSIDE RISKSome institutions cut their GDP growth estimates, with Wells Fargo slashing its forecast by a full percentage point. Still, consumer spending is expected to have grown at a pace faster than the pedestrian 1.0% rate logged in the fourth quarter. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to be driven by demand for services.

☆ Slower, but still solid US job growth expected in February
▼ + stars: | 2023-03-10 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is also expected to show wage gains maintaining their upward trend, underscoring a persistently tight jobs market. Estimates for February payrolls growth ranged from as low as 78,000 to as high as 325,000. "This would indicate the anticipated normalization in the labor market is taking longer than expected," said Jan Groen, chief U.S. macro strategist at TD Securities in New York. There's locational and skills mismatches, which basically means the labor market is not functioning efficiently," said Brian Bethune, an economics professor at Boston College. The Fed has to be careful about how they interpret what's going on in the labor market."

☆ Southwest's unique routing system compounded and snowballed, says former Continental Airlines CEO
▼ + stars: | 2022-12-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouthwest's unique routing system compounded and snowballed, says former Continental Airlines CEOGordon Bethune, former Continental Airlines chairman and CEO, joins 'Squawk on the Street' to discuss the Department of Transportation's ability to enforce airlines to reimburse travelers, how quickly Southwest can update the current system, and more.

☆ U.S. job growth likely slowed again in November; labor market still tight
▼ + stars: | 2022-12-02 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

But the labor market remains tight, with 1.7 job openings for every unemployed person in October, keeping the Fed on its monetary tightening path at least through the first half of 2023. Labor market strength is also one of the reasons economists believe an anticipated recession next year would be short and shallow. The labor market is still very strong and still very tight," said Agron Nicaj, U.S. economist at MUFG in New York. The unemployment rate is seen unchanged at 3.7%, consistent with a still-tight labor market. "I still believe the economy tips into a short and shallow recession mid-2023, based on eroding labor market growth, but the probability of no recession is now higher," said Steven Blitz, chief U.S. economist at TS Lombard in New York.

☆ Disparity Doesn’t Necessarily Imply Racism
▼ + stars: | 2022-11-26 | by ( Roland Fryer | ) www.wsj.com time to read: +1 min

She did her best to teach sixth-graders subject-verb agreement minutes after being spat on by their parents. The first discussion I can remember happened in 1988, when I was 11, after a visit to McDonald’s . After ordering, my grandmother paid with a crisp $20 bill from her pocketbook, and the cashier put the change directly on the counter. When we got to the parking lot, she was incensed. White woman didn’t want to touch me.” I had noticed it too, but thought the cashier was being nice, trying to avoid passing on her own germs.

☆ Top 25 roundup: No. 13 Indiana puts up 101 vs. Bethune-Cookman
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +3 min

Jackson-Davis went 9 of 10 from the field and was aided by wingman Miller Kopp, who made 4 of 6 from 3-point range to add 12 points for Indiana (2-0). Bethune-Cookman (0-2) was paced by Joe French with 11 points and Marcus Garrett with 10. North Dakota State (0-2) got 11 points from Grant Nelson and 10 from Boden Skunberg. 9 Creighton 96, North Dakota 61Ryan Kalkbrenner collected a career-high 24 points and grabbed seven rebounds to help the Bluejays coast past North Dakota in Omaha, Neb. Tsotne Tsartsidze sank 4 of 5 shots from 3-point range and led North Dakota (1-1) with 16 points.

☆ An economic index is flashing a recession warning sign, but it may be a 'mixed signal.' Here's what you need to know
▼ + stars: | 2022-10-25 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +3 min

Michael M. Santiago | Getty ImagesA monthly gauge of what could lie ahead for the U.S. economy is flashing a recession warning sign. The Leading Economic Index dipped by 0.4% in September from August and is down 2.8% since March, according to the Conference Board, an independent group that publishes the index. The latest reading is below a threshold that the organization considers a recession signal. watch nowInitial jobless claims — another data point used in the index — also do not point to the kind of broad-based job loss that comes with a recession. "There are pockets of the labor market that have shed jobs, but it's not widespread job loss," he said.

☆ Your ‘personal inflation rate’ varies by where you live, among other factors
▼ + stars: | 2022-10-18 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

Yet, depending on variables such as location and spending patterns, your personal rate of inflation could be better or worse than the national average. In September, prices overall were 8.2% higher than they were a year earlier, as measured by the consumer price index, or CPI. More from Personal Finance:How households are preparing for possible recessionThese colleges are promising zero student loansHere's the latest inflation breakdown — in one chartTake location, for instance. Some metro areas in the U.S. come with an overall inflation rate that's worse than the average, according to research from personal finance website WalletHub, which used data from the federal Bureau of Labor Statistics to compile its study. And in Phoenix, the rate of yearly inflation in August was 13%.

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