Business

The U.S. job market added 143,000 jobs in January, cooling from previous months but remaining solid. Despite the slowdown, the unemployment rate edged down to 4%, showing a healthy labor market. The revised numbers show a lower number of jobs created in the year through March 2024 but a substantially higher number of employed Americans. Despite political uncertainty, employers maintain a "business as usual" attitude, contributing to the labor market's stability. However, factors such as reduced immigration and tariffs remain potential wild cards for the future labor market.

Published on: February 07, 2025, 10:01 PM UTC

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Published on: February 07, 2025, 10:00 PM UTC

Bank of America CEO Brian Moynihan received a 21% compensation increase to $35 million for 2024, driven by strong performance including increased interest income and a 10% bonus pool increase for investment bankers.

Published on: February 07, 2025, 10:00 PM UTC

Nippon Steel has not withdrawn its $14.9 billion bid to buy U.S. Steel, despite President Trump's claim that the Japanese steelmaker would only "invest" in the company.

Published on: February 07, 2025, 10:00 PM UTC

Chicago Fed President Austan Goolsbee expects interest rates to decline over the next 12-18 months, despite a solid January jobs report. He believes the economy is on track to reach 2% inflation but warns that ongoing policy uncertainty and tariffs could complicate the Fed's path.

Published on: February 07, 2025, 09:02 PM UTC

McDonald's Fourth Quarter Earnings Preview: Earnings, Revenue, Same-Store Sales Estimates, and Analyst Outlook

Published on: February 07, 2025, 09:02 PM UTC

Tesla stock tumbles on slumping China sales, while BYD surges; DOT suspends EV charger funding

Published on: February 07, 2025, 09:01 PM UTC

Freyr Battery abandons plans for Atlanta electric battery factory, focusing on Texas solar panel plant. The $2.6 billion factory would have been the second-largest battery factory worldwide, but Freyr has shifted its focus to a newly opened solar panel factory in Texas.

Published on: February 07, 2025, 09:00 PM UTC

Hertz wins dismissal of lawsuit over shareholder warrants

Published on: February 07, 2025, 09:00 PM UTC

McDonald's (MCD) Q4 earnings preview: Revenue seen at $6.45 billion, EPS at $2.84. Same-store sales expected to decline 0.91% amid underperforming international markets and E. coli outbreak.

Published on: February 07, 2025, 08:01 PM UTC