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A deeper interest rate cut from the Federal Reserve this month could spook financial markets and send the wrong message about an imminent risk of recession, according to one economist. It comes as policymakers at the U.S. central bank are widely expected to start lowering interest rates when they meet...

A supersized Fed rate cut this month could be 'very dangerous' for markets, economist warns

Gold prices fell on Friday, retreating from near-record levels reached earlier, after mixed U.S. jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month. Spot gold fell 0.9% to $2,492.40 per ounce by 1:43 p.m. ET, having hit their highest since Aug. 20, when...

Gold drops from near-record level as U.S. jobs data blurs rate outlook

Nonfarm payrolls expanded by 142,000 during August, up from 89,000 in July and below the 161,000 consensus forecast. The unemployment rate ticked down to 4.2%, as expected. However, the "real" unemployment rate edged up to 7.9%, its highest reading since October 2021. The previous two months saw substantial downward revisions....

August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%

Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring hit the lowest in the 19 years of a Challenger, Gray & Christmas survey. The report showed the biggest growth in planned layoffs came in the technology field, with companies announcing 41,829 cuts,...

Layoffs jump in August while hiring in 2024 is at a historic low, Challenger report shows

Jeffrey Kleintop, Charles Schwab global investment strategist, joins 'Money Movers' to discuss the week's market action, how the market would react to a 50 bps rate cut, and much more.

Market action about rotation away from technology into financials, says Schwab's Kleintop

Fall is nearly here, and that means it's time to schedule the vaccinations that will help bolster your immune system and better protect yourself against some of the most popular respiratory illnesses. This summer, we saw a surge in Covid cases, that started in early June. And health experts predict...

Covid-19, flu, RSV: Vaccine recommendations for fall—and the best time to get them

The Investment Committee give you their top stocks to watch for the second half.

Final Trades: Apple, Cisco, Kinetik Holdings and the 2-Year Treasury

The Mega Millions jackpot has been growing every week since its last winner in June, reaching $740 million — the seventh largest in history — ahead of its next draw on Friday at 11 p.m. ET. Assuming you'll defy the 1 in 302,575,350 odds of winning Friday night's...

Mega Millions' $740 million jackpot has 2 payout options—how to avoid 'blowing all the money,' from financial experts

Amid high prices, steep interest rates, and unemployment worries, the New Zealand government estimates that a record 131,200 of its citizens have moved overseas in the past 12 months through June. A lack of quality jobs for kiwis, especially New Zealand's younger generations, is accelerating the exodus, with the trend...

'Economic refugees' flee from New Zealand as cost-of-living crisis deepens

Alabama State

Living in a major U.S. city means higher housing costs and less space for your money. And when the covid-19 pandemic sparked the rise of remote work, it caused many workers to second-guess living in a major metropolis like New York and San Francisco. Though some companies continue to push...

7 places across the U.S. that will pay you thousands of dollars to move there

Washington, DC

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NewsNinja

A woman says she overheard Texas Roadhouse corporate managers plotting to terminate an employee who is in the intensive care unit (ICU) by baiting her husband with a fake benefits package. The story has sparked outrage in a now-viral TikTok.

Woman catches Texas Roadhouse managers allegedly scheming to terminate an injured worker

Germany’s car industry was once recognized around the world for its high-quality, innovative internal combustion engine cars. But things have changed since then. The industry is facing a range of issues, from regulation to macroeconomics, China and EVs. Issues in the automotive sector may also have spill over effects...

Once the envy of the world, Germany's car brands now weigh heavily on its struggling economy

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J. Souza

A man has sparked heated debate online after deciding to take a solo trip for his 40th birthday, despite his girlfriend's financial struggles. The man, who has been dating his girlfriend for three months, shared his dilemma on a popular Reddit forum.

Boyfriend Taking Vacation Alone Since Girlfriend Can't Afford It Asks if He's in the Wrong

CNBC's Steve Liesman reports on news from the Federal Reserve.

Fed's Waller: Time has come to lower the Federal Funds rate

Colorado State

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Florida State

Uncovering Florida

Today, Attorney General Ashley Moody filed a lawsuit against the Biden-Harris administration for failing to provide public documents requested through a Freedom of Information Act (FOIA) filing. The March 2024 FOIA request sought records related to policies allowing the release of dangerous criminal illegal aliens from U.S. prisons into the general population rather than deporting them.

FL Attorney General Sues Biden-Harris Administration Over Release of Criminal Illegal Aliens

The Stanford Graduate School of Business is the No. 1 Master of Business Administration program in the world in 2024, according to LinkedIn. This year, eight of the top 10 universities are located in the U.S., according to LinkedIn's 2024 Top MBA global list, which evaluated the programs on five key pillars: job placement, ability to advance, network strength, leadership potential and gender diversity.

These are the top 10 MBA programs in the world in 2024, according to LinkedIn

If you're wondering whether a potential employer has a desirable culture, consider asking three specific questions in a job interview, says corporate culture expert Marion Campan. "Yes, the interview is important because it helps them select you as a future employee, but it's also helping you select them as a...

Always ask these 3 questions when you're interviewing for any job, says workplace expert

Said Wednesday that U.S. citizens would make up the majority of the board of directors, as the $15 billion proposal faces mounting political opposition ahead of the U.S. election in November. In the face of resistance from the United Steelworkers union, President Joe Biden and the two major candidates running...

Japanese company vows U.S. Steel would be American-run as election-year takeover faces mounting opposition

Nationwide, active listings in August were up 36% compared with the same month last year, according to a new report from Realtor.com. The growth in supply is due to the fact that homes are sitting on the market longer. While supply is increasing in most cities, some like Tampa, Florida,...

Home listings are up more than 60% in some cities. Here's where

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. Like what you see? You can subscribe here. Second-day drop. On Wednesday, the S&P 500 and Nasdaq Composite fell...

CNBC Daily Open: Rate cuts need to start before inflation’s 2%

NewsBreak

Goldman's Jan Hatzius on August jobs report: There is a rationale for a 50 basis point cut

Jan Hatzius, Goldman Sachs chief economist, joins 'Squawk on...

Goldman's Jan Hatzius on August jobs report: There is a rationale for a 50 basis point cut

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