Unemployment insurance is meant to prop up income after a layoff. The system buckled during the pandemic and is ill equipped for another crisis, experts said.
Schlagwort-Archiv: Markets
Friday’s big stock stories: What’s likely to move the market in the next trading session
Here’s what’s on the radar for CNBC TV heading into Friday’s session after stocks staged a sharp rebound on Thursday.
JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
The move by JPMorgan, the largest U.S. bank by assets, shows how quickly generative AI has swept through America since the arrival of ChatGPT in late 2022.
Container explodes on cargo ship at China’s key Ningbo port
A hazardous goods container exploded Friday on a ship operating in China’s Ningbo Port, vessel owner Yang Ming told CNBC in a statement.
E.l.f. Beauty sales jump 50% on gains in color cosmetics and skin care, launch of Bronzing Drops serum
E.l.f. Beauty has won over younger consumers with its viral marketing and low-priced „dupes“ of prestige favorites.
Paramount Global announces it will cut 15% of U.S. workforce, shares rise on second-quarter earnings
Paramount Global plans to cut 15% of its U.S. workforce as part of a broader $500 million cost reduction.
Eli Lilly’s blowout quarter should quiet investor concerns about the stock
Shares of the drugmaker jumped about 8% in Thursday trading after easily beating earnings expectations.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
Here’s what’s on the radar for CNBC TV heading into Thursday’s session after Wednesday’s rally attempt ultimately failed.
Italy looks like fertile ground for a mega merger deal in banking
Years after a debt crisis in the region and a government rescue for Banca Monte dei Paschi, analysts are looking at Italy’s banking sector with fresh eyes.
Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
By January 2025, banks and their tech suppliers will have to comply with a new EU law known as DORA. It could help prevent major IT disruptions in future.