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☆ 'Last chance saloon': UK finance minister expected to pledge pre-election tax cuts
▼ + stars: | 2024-03-04 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year. LONDON — Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday. However, the big questions over tax cuts remain heading into Wednesday's statement. Raja suggested the finance minister will err on the side of caution in loosening fiscal policy, favoring supply side support over boosting demand. "Therefore, tax cuts to national insurance contributions (NICs) and changes to child benefits are more likely to come in the Spring Budget (in contrast to earlier expectations of income tax cuts)."

Persons: Jeremy Hunt, Hunt, Sanjay Raja, Raja Organizations: British, LONDON, Finance, Budget, Conservative, Labour Party, Treasury, Independent, Deutsche Bank, Bank of England

☆ Interested in a government job? Begin your search here
▼ + stars: | 2024-03-03 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Public sector opportunities vary but there are some key sites to scan if you're interested in a job. Government job openings peaked with 1,120 job openings in May 2023, FRED data shows, which is a 75% increase from two years prior. Federal, state, local, and contracting jobs are listed on different platforms and some of these roles may require certifications or clearances depending on the job description. You'll want to start by making a profile on the site, which will allow you to cater your job search to roles that you qualify for. Usually, these sites will have an FAQ page about how to get a job within the state or county.

Persons: —, FRED, Here's, usajobs.gov, USAjobs.com, You'll, Clearancejobs.com Organizations: Service, Tech, York State Department of Locations: TikTok, Federal, State, New York

Analyst Mike Mayo assigned an overweight rating and $70 price target, which suggests more than 25% upside for shares. Analyst Bill Katz raised his price target by $14 to $128 on the outperform-rated company, which has seen roughly 74% share price growth over the past year. He upped his price target by $25 to $350, implying roughly 19.5% upside for the company, which will report fiscal fourth-quarter results on Wednesday. "While LT debates around monetization and competition have yet to be resolved, we think risk-reward now skews attractive given an improving cloud demand backdrop." It also raised its price target to $86 from $75, but the new forecast still implies downside of more than 13% going forward.

Persons: Morgan Stanley, HashiCorp, Wells, Mike Mayo, Mayo, — Pia Singh, TD Cowen, Cowen, Bill Katz, Katz, Jefferies, Brent Thill, Thill, Salesforce, bode, Sanjit Singh, Singh, Yifeng Liu, Fred Imbert Organizations: CNBC, HSBC, Moderna, Citigroup, Citi, Discover Financial Services, KKR, Salesforce, HSBC downgrades Moderna, Merck & Co Locations: Wells, monetization

☆ Premarket stocks: Why you can feel good about your job prospects for a while longer
▼ + stars: | 2024-02-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

A cyclical slowdown has to come unless you’re in the camp that thinks structural growth of the economy has risen dramatically. We don’t think that’s the case. Do you think that’s the case? The jobs market is a byproduct of GDP growth. I think that this should make people feel a little bit better about the prospects for the year.

Persons: Bell, Satyam Panday, It’s, we’ve, that’s, Warren Buffett, Charlie Munger, Warren Buffett’s, Buffett, Munger, ”, Charlie, Berkshire Hathaway, Brian Fung Organizations: CNN Business, Bell, New York CNN, Satyam, Federal Reserve, Berkshire Hathaway, Investors, Oracle, “, Berkshire, US, Facebook, YouTube Locations: New York, Real, Berkshire, Omaha, “ Berkshire, The Omaha , Nebraska, Texas, Florida

☆ Israel's GDP contracts nearly 20% in fourth quarter amid Gaza war
▼ + stars: | 2024-02-20 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Nov. 7, 2023. Israel's gross domestic product shrank nearly 20% in the fourth quarter of 2023, according to official figures. It reflects the toll of the country's war against Hamas in Gaza, now entering its fifth month. "The deep GDP contraction occurred despite a strong surge in public sector consumption as well as a positive net trade contribution, with the decline in imports outpacing the decline in exports." Before then, more than 150,000 Palestinian workers from the occupied West Bank entered Israel daily for work in a range of sectors, predominantly in construction and agriculture.

Persons: Goldman Sachs Organizations: Carmel, Goldman, West Bank, Israel Locations: Israeli, Tel Aviv, Israel, Gaza

☆ The economy's gone from strength to strength after the pandemic — but no one quite knows why, or what comes next
▼ + stars: | 2024-02-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

America has gone from a pandemic crash and recession fears to stocks at record highs and an economic boom. Lockdowns, wars, shortages, inflation, interest rates, day trading, and AI have all played a role. Noam Galai/SOPA/Getty ImagesMany Americans also socked away money during the pandemic, as they saved on expenses like travel and live entertainment. Stimulus-fueled demand, combined with pandemic and war-related supply disruptions, caused inflation to spike to a 40-year high of 9.1% in June that year. The Fed swiftly raised interest rates to rein in the price growth, lifting them from virtually zero to upward of 5% in under 18 months, and hasn't touched them since.

Persons: —, We've, Noam Galai, hasn't, It's, dory Organizations: Service, Federal Reserve, GameStop, AMC Entertainment, AMC, Bank Locations: America, China, Ukraine

☆ Healthcare startups are rushing to sell AI to hospital systems. But a new survey suggests many simply aren't ready for it.
▼ + stars: | 2024-02-20 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

As healthcare startups dive headfirst into building artificial intelligence products to sell to hospitals, a new report suggests many health systems don't yet have policies to support the tech. In a survey of 34 US health systems leaders, only 16% reported having systemwide policies for AI usage and data access. Some health system leaders said they haven't developed policies because the industry is in the early stages of AI adoption. Many health system leaders surveyed by KLAS expressed excitement about AI software for clinical documentation. Seventy percent of health system leaders surveyed by KLAS said their organizations planned to adopt AI software integrated with their EHRs.

Persons: —, hasn't, Robert Califf, KLAS, we'll, Bryan Roberts Organizations: Business, Center, Medicine, UPMC, KLAS Research, Healthcare, Food and Drug Administration, FDA, Venture, University of Pittsburgh Medical Center, University of Kansas Health, Microsoft, Industry

☆ Women in Iceland want you to know it's not a gender equality utopia, despite what the statistics say
▼ + stars: | 2024-02-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +22 min

AdvertisementBoth Icelandic and foreign-born women told BI that though they largely feel safe in Iceland, it's no feminist paradise. "That was like a wake up call for many women," Thorgerdur J. Einarsdóttir, professor of gender studies at the University of Iceland, told BI. Some groups of women are more vulnerable to violence and low wages, including foreign-born women, women with disabilities, and trans women, the interviewees said. Older generations fight so younger ones can flourishBut despite these concerns, the women BI spoke to said that they largely felt safe living in Iceland. Women BI spoke to largely said they felt optimistic about the changes that future generations would bring.

Persons: —, Arni Torfason, Saadia Zahidi, Valenttina Griffin, Grace Dean, Adolphsdóttir, Einarsdóttir, Vigdís Finnbogadóttir, Sigurðardóttir, Iceland's, Halldor Kolbeins, Sonja Ýr Þorbergsdóttir, Þorbergsdóttir, Inclusivity, Alice Olivia Clarke, Mads Claus Rasmussen, Ritzau Scanpix, they'd, Steinars, she'd, she's, Ása Steinars, Alondra Silva Muñoz, Griffin, Silva Muñoz, Sigrún, Rósa, that's, Shruthi Basappa, I've, it's, Jewells Chambers, Silva Muñoz –, millennials –, … Organizations: Service, Viking Women, Stockings, Women's Rights, Nordic, Red Stockings, United Nations, Farmers ' Union, University of Iceland, Getty, Iceland, UN, Statistics, Sweden –, Icelandic Teachers ' Union, SEI Locations: Iceland, Reykjavik, Icelandic, Denmark, AFP, Canada, Norway, Sweden, Statistics Iceland, Colombia, Lithuania, Spain, Poland, India, Chile, WomenTechIceland, it's, Brooklyn, New York City, Thorhildur

☆ Google is making a map of methane leaks for the whole world to see
▼ + stars: | 2024-02-15 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Oil, gas, and coal operations are thought to account for 40% of global methane emissions from human activities. At least 155 countries have also signed the Global Methane Pledge, which calls for a 30% reduction in emissions. The pledge initially launched in 2021, but since then, methane emissions have continued to rise . To help change that trajectory, the US and Europe last year issued regulations cracking down on methane emissions from fossil fuel infrastructure. By 2027, those imports will have to meet methane emissions standards on par with Europe's.

Persons: Steve Hamburg, —, Yael Maguire, Maguire Organizations: Service, Google, Environmental Defense Fund, Business, International Energy Agency, Google Geo Locations: Agriculture, MethaneSAT, Dubai, Europe, Japan, South Korea, Hamburg

☆ What the latest inflation data means for interest rates
▼ + stars: | 2024-02-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.

Persons: —, Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London

☆ Gen Z has discovered the ultimate anti-layoff hack: government jobs
▼ + stars: | 2024-02-13 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Gen Zers and millennials are wary of layoffs — especially a recent wave hitting the tech sector. Job security, a pension, strong benefits, and student loan forgiveness. "People in private sector jobs are three times more likely to lose their jobs than people in federal government jobs," she said, adding that public sector workers can also expect to enjoy a "better work-life balance" with a lot more paid time off. It's no secret that Gen Z is looking to rethink their approach to work and careers. It may seem counterintuitive to want to work in the public sector, which typically has lower salaries than the private sector.

Persons: Gen Zers, —, Uncle Sam, Bonnie Dilber, They're Organizations: Service, Meta, Google, CIA, Big Tech

☆ Biden has forgiven $136 billion in student debt. More relief is on the way
▼ + stars: | 2024-02-12 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Andrew Caballero-Reynolds | AFP | Getty ImagesIt's never been a better time to get rid of your student debt. Paul Morigi | Getty ImagesThe Biden administration has tried to reverse the trend of borrowers being excluded from the relief on technicalities. Some 790,000 public servants have gotten their debt erased as a result, amounting to more than $56 billion in relief. Total and Permanent Disability DischargeThe Biden administration has also forgiven the student debt of more than 510,000 disabled borrowers. Borrower defenseAnother 1.3 million borrowers have walked away from their debt over the past few years thanks to the Borrower Defense Loan Discharge.

Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, James Clyburn, he's, George W, Bush, Paul Morigi, Biden, Kantrowitz Organizations: Air Force, Joint Base Andrews, AFP, Getty, Supreme, CNBC, U.S . Department of Education, Public, Consumer Financial, Studentaid.gov, of Education, Social Security Administration, Department of Veterans Affairs, Education Department Locations: Maryland

☆ Government jobs are hot right now. You don't make as much, but people like the stability and benefits.
▼ + stars: | 2024-02-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

Read previewBrandon Tamayo considered leaving his current job for a role in the private sector on his way to work one morning. "My friends in the private sector told me 'You could double your pay.'" AdvertisementHe could likely make six figures in the private sector — and he remains intrigued by the option. According to the US Bureau of Labor Statistics, the median years of tenure for public sector jobs in 2022 was 6.8 years, about 2.7 years higher than private sector jobs. For Tamayo, this is the largest reason he stays in the public sector.

Persons: —, Brandon Tamayo, Tomayo, Tamayo, he's, Christine Cruzvergara, Cruzvergara, Raven Blanchard, she's, Blanchard, hasn't, Joe Biden, they've, they're, Symoné Berry, Alexxus Harris, Harris, it's Organizations: Service, Indiana State University, Business, Google, US Bureau of Labor Statistics, ISC, EAP Locations: Illinois, Virginia, Germany, Asia

Photos You Should See View All 21 ImagesThe Conservative government has said it won't negotiate unless the union calls off the strike. “I ask the junior doctors’ committee to cancel their action and come back to the table to find a way forward for patients and our NHS." Britain has endured a year of rolling strikes across the health sector as staff sought pay rises to offset the soaring cost of living. If it goes ahead, the strike would be the junior doctors' last on the current mandate, which expires at the end of the month. “He bears responsibility for the canceled operations and appointments desperate patients will face once again,” said Wes Streeting, Labour's health spokesman.

Persons: Robert Laurenson, Vivek Trivedi, “, Victoria Atkins, Rishi Sunak, ”, Wes Streeting Organizations: British Medical Association, Health Service, BMA, Conservative, NHS, Labour Party Locations: England, Britain

☆ AI researcher Joy Buolamwini cautions that if AI systems fail people of color, they fail humanity
▼ + stars: | 2024-02-08 | by ( Monica Melton | ) www.businessinsider.com time to read: +17 min

We’re growing some teeth as to what can be done with AI, but we also see where there’s progress, there’s attack. One of the things I like to point out with AI systems is that if your AI systems fail on people of color, you don’t have a robust system. If your AI doesn’t work on the global majority, if your AI doesn’t work for women, if your AI doesn’t work for people with disabilities, once you start expanding all of the areas we’re talking about, it comes to your AI doesn’t work for humanity. To me, that’s a proactive approach of saying, how do we build consumer AI technology in a way that’s more ethical? I was talking to Sam Altman about the climate impact of AI, especially these large language models and generative AI systems.

Persons: Joe Biden, Joy Buolamwini, Buolamwini, It’s, ”, we’ve, it’s, I’ve, there’s, We’ve, you’re, aren’t, Simone Biles, Biden, Sam Altman, Olay, we’re, There’s, We’re, that’s Organizations: Service, League, Business, Federal Trade Commission, Procter, Gamble, Big Tech Locations: Davos

BRUSSELS (AP) — European Union lawmakers called on Thursday for an independent investigation into allegations of vote-rigging in Serbia and demanded that EU funds be cut off if the authorities in Belgrade fail to cooperate with the inquiry or are found to be implicated in election irregularities. The governing Serbian Progressive party of populist Serbian President Aleksandar Vučić won the Dec. 17 parliamentary and municipal elections, securing 129 seats in the 250-seat assembly. The opposition Serbia Against Violence coalition finished a distant second with 65 seats. The resolution has angered Serbian Prime Minister Ana Brnabić. Vučić’s ties to Russian President Vladimir Putin and his failure to enforce EU sanctions on Moscow have dismayed many.

Persons: Aleksandar Vučić, watchdogs, “, ”, Ana Brnabić, ” Brnabić, Vladimir Putin, ___ Dusan Stojanovic Organizations: —, Union, Serbian Progressive, Serbian, Violence, Organization for Security, Cooperation, Parliamentary, of Europe, Serbia’s National Assembly Locations: BRUSSELS, Serbia, Belgrade, Europe, Strasbourg, France, Moscow

The consulting firm offers a variety of services for mostly residential projects, including architectural and interior design. In 2023, Juntero worked with about 60 clients and brought in $414,000 in revenue — all while Okwulehie maintained her full-time job at Port Authority. Last year, Okwulehie earned a roughly $126,000 salary from Port Authority and paid herself $37,500 from Juntero. Zach Green | CNBC Make ItIn 2017, she took on the role of architect at Port Authority, working her way up to senior architect in 2022. "I still see myself working at Port Authority full-time," she says.

Persons: Chisom Okwulehie, Ikenna, Okwulehie, Zach Green, John F, Juntero, Perkins Eastman, Harrison, Slack, it's Organizations: CNBC, Port Authority of New, Port Authority, Kennedy International, Nigerian, Columbia University, San Francisco Bay Area, San Francisco High School of, Arts, University of Southern, New, San Francisco Airport, Amazon Prime, federal Public Service Locations: Port Authority of New York, New Jersey, Cliffside Park , New Jersey, Port, New York, Harrison , New Jersey, Juntero, New York City, San Francisco Bay, Harrison, University of Southern California, China, Texas, Upper Nyack , New York, United States

☆ Google says Singapore has 'very high' potential to be a global AI hub
▼ + stars: | 2024-02-07 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc.SINGAPORE — Singapore has "very high" potential as a global AI hub — thanks in part to an environment that fosters innovation, a Google Cloud executive told CNBC. "In order for AI to really deliver on its potential, you need really good public and private partnerships," Caroline Yap, managing director, global AI business and applied engineering at Google Cloud, told CNBC. Yap was speaking on the sidelines of Explore AI summit in January, a meeting hosted by Google Cloud and the Singapore government to recognize the top generative AI solutions from organizations that took part in the "AI Trailblazers" initiative. That enables to build and test their own generative AI solutions in a controlled and dedicated cloud-based environment. Through the joint partnership, 43 organizations across government and industry sectors successfully built their own generative AI solutions utilizing Google's AI stack.

Persons: Caroline Yap, Yap Organizations: Google, Alphabet Inc, SINGAPORE —, CNBC, Singapore's Ministry of Communications, Digital Industry, Smart Nation and Digital Government Office Locations: Googleplex, SINGAPORE, SINGAPORE — Singapore, Singapore, Digital Industry Singapore, Yap

☆ Palestinian Authority to Pay Reduced Salaries as Israel Blocks Funds
▼ + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

By Ali SawaftaRAMALLAH (Reuters) - The Palestinian Authority said on Tuesday it will pay public sector workers 60% of their December salaries this week as it grapples with the longrunning fallout of Israel's refusal to transfer tax funds earmarked for Gaza. Funding to the Palestinian Authority, the body which exercises limited governance in the occupied West Bank, has been severely restricted by the months-long dispute over transferring tax revenues Israel collects on behalf of the Palestinians. Although Gaza is controlled by Hamas, the Palestinian Authority continues to fund essential areas of the blockaded enclave's budget including paying the salaries of health workers. The dispute over the Palestinian Authority budget coincides with a separate dispute over funding to UNWRA, the United Nations agency which pays for emergency relief for Palestinians. Much of the UNWRA budget has been cut off since Israel accused 12 of the agency's 13,000 Gaza workers of involvement in the Oct. 7 attack.

Persons: Ali Sawafta, Mohammad Shtayyeh, Bezalel Smotrich, Smotrich, Shtayyeh, Antony Blinken, James Mackenzie, Christina Fincher Organizations: Palestinian Authority, West Bank, Palestinian, Israeli, Hamas, U.S, United Nations, Israel, International Court of Justice Locations: Ali Sawafta RAMALLAH, Gaza, Israel

☆ Top Wall Street analysts suggest these 3 stocks for solid upside
▼ + stars: | 2024-02-04 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

To select the stocks of such companies that have attractive growth potential, investors can track the recommendations of Wall Street's experts. Here are three stocks favored by the Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently announced upbeat results for the fourth quarter of 2023 and raised its 2024 subscription revenue and operating margin guidance. "Overall, we believe that paid sharing and advertising would help re-accelerate subscriber and revenue growth while driving high-margin incremental revenue," said Mittal. The analyst also highlighted that while Netflix saw a sixth consecutive quarter of subscriber growth, rival Disney's (DIS) subscriber base has declined for three straight quarters.

Persons: Mike Blake, Wall, ServiceNow, Baird, Robert Oliver, ServiceNow's cRPO, Oliver, TipRanks, Sachin Mittal, Mittal, Bob Iger's, NFLX, Rivian Organizations: U.S, Federal Reserve, TAM, Netflix Locations: Los Angeles

☆ January jobs report: Expect to see strong but slower hiring and an uptick in the unemployment rate
▼ + stars: | 2024-02-02 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

New York CNN —The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Federal Reserve. That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.

Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, ”, there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, “, —, Swonk Organizations: New, New York CNN, Federal Reserve, Labor, Workers, Challenger, ”, BLS, KPMG, CNN Locations: New York, Wells Fargo, United States

☆ German Airport Security Screeners’ Walkout Grounds Flights
▼ + stars: | 2024-02-01 | by ( Christopher F. Schuetze | More About Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

Security screeners began a one-day walkout on Thursday at 11 of Germany’s busiest airports, bringing departures to a virtual standstill, scuttling travel plans for an expected 200,000 people and adding to the chaos caused by public sector strikes. Airports serving Berlin, Hamburg, and Stuttgart canceled all of their departures in anticipation of the work stoppage, while others — including Frankfurt’s airport, the biggest in Germany — were trying to keep some flights in the air but warned of significant delays and cancellations. “The work of airport security staff must remain financially attractive so that the urgently needed skilled workers can be recruited and retained,” said Wolfgang Pieper, a lead negotiator for Verdi, the public sector union behind the strike. Screeners are demanding an hourly raise of 2.80 euros, or roughly $3, a 14 percent increase for a starting salary. The federal association of aviation security businesses, the B.D.L.S., which represents employers, called the demands “utopian.” It has offered a 4 percent increase this year, followed by a 3 percent rise next year.

Persons: screeners, Germany —, ”, Wolfgang Pieper, Verdi Organizations: Airports Locations: Berlin, Hamburg, Stuttgart, Frankfurt’s, Germany

☆ Fed Chair Powell says the job market is still strong. Here’s how the numbers break down
▼ + stars: | 2024-02-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. Fresh data on job cuts and productivityOn Thursday, the layoff picture became clearer. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.

Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, ”, there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, “, —, Swonk Organizations: New, New York CNN, of Labor Statistics, Federal Reserve, Labor, Workers, Challenger, ”, BLS, KPMG, CNN Locations: New York, Wells Fargo, United States

The firm’s monthly survey showed 107,000 jobs were added, well below the 145,000 estimate. “Progress on inflation has brightened the economic picture despite a slowdown in hiring and pay,” said Nela Richardson, chief economist at ADP. The ADP report comes two days ahead of the Labor Department’s monthly jobs report for January, with consensus estimates for about a 180,000 gain in payrolls after December’s better-than-expected 216,000 increase. “The January jobs report will likely show that the labor market started the year on a solid note,” said Lydia Boussour, EY senior economist. The strong job market and U.S. economic growth in the fourth quarter led the International Monetary Fund to boost its projections of global economic growth this year.

Persons: ”, Nela Richardson, December’s, Lydia Boussour, EY, “, Jerome Powell, José Torres Organizations: ADP, Labor, Federal Reserve, Observers, Interactive, International Monetary Fund, IMF Locations: U.S, payrolls, hawkish, –

☆ Former UK finance minister joins Coinbase crypto exchange as an advisor
▼ + stars: | 2024-01-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Former British Chancellor George Osborne addresses guests during a visit to the Manchester Chamber of Commerce on July 1, 2016 in Manchester, England. LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company's regulatory bargaining power at a time when it faces severe scrutiny stateside. Coinbase announced that George Osborne, who served as Britain's chancellor of the exchequer from 2010 to 2016, will join the company on its global advisory council. Faryar Shirzad, Coinbase's chief policy officer, said the company was "pleased to have George join our council at an exciting time for us in the U.K. and globally." We look forward to relying on his insights and experiences as we grow Coinbase around the world," Shirzard added.

Persons: George Osborne, beefing, He'll, Mark Esper, Patrick Toomey, Coinbase, George, Shirzard, Osborne Organizations: Manchester Chamber of Commerce, Wednesday, Coinbase, of Defense Locations: Manchester, England, British, Coinbase

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