Jobless claims tumble to lowest level since 2022
The Labor Department reported Thursday that jobless claims fell to the lowest level since mid-2022, underscoring the resilience of the U.S. labor market.
BlackRock says 'mega forces' like AI, green energy transition are sparking structural economic changes
Massive financial asset manager BlackRock is warning that major forces, like artificial intelligence and green energy, are driving change across the economy.
House committee warns DOL new independent contractor rule threatens small businesses
The House Committee on Small Business is joining business and trade groups in urging the Department of Labor to reconsider its new rule on classifying independent contractors.
Your work bonus could be much smaller this year
Companies are offering smaller year-end bonuses to millions of workers as they grapple with the gradually easing labor market and still-high inflation.
Fishing companies sound off, sue Commerce Dept. over government oversight costs
The Department of Commerce is facing lawsuits from fishing companies regarding payment of government overseers. Fox Business' Lydia Hu with the details.
AI can be 'our savior' for this long period of slow growth, says Kristalina Georgieva
International Monetary Fund Managing Director Kristalina Georgieva provides her outlook on the global economy, challenges facing China and the impact of artificial intelligence
You've been promoted but may decline the offer. Can you? Should you?
When workers are offered promotions, should they decline the opportunity? For some, the timing or the circumstances may just not be right. Job experts weigh in on this career conundrum.
Fed soft landing is not common, but possible: Nancy Tengler
Laffer Tengler CEO and Chief Investment Officer Nancy Tengler reveals what stocks she is buying as the Fed tries to get inflation under control on 'Making Money.'
IMF warns AI will impact 60% of US jobs, increase inequality worldwide
A new report from the International Monetary Fund estimates generative artificial intelligence will affect around 60% of U.S. jobs and warns it could deepen inequality globally.
The 'old American Dream died,' Realtor details salary needed to buy a home, afford a middle class life in 2024
Orlando realtor Freddie Smith discusses how owning a home and living a typical middle class life has become increasingly unattainable for most millennials and older Gen Z.
Citigroup announces elimination of 20,000 jobs after losses
Citigroup on Friday said it will slash 20,000 jobs. The reductions will happen 'over the medium-term,' something that should ultimately bring its expenses down by $2-2.5 billion, Citi said.
Fed should not cut rates at all, they might raise them: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari discusses whether Fed rate cuts are still on the table as inflation ticks up on 'Making Money.'
Google lays off hundreds of workers
Google is cutting hundreds of roles within its voice assistant, augmented reality hardware and central engineering teams as it invests in its biggest priorities.
San Francisco in 'worse shape' than NYC as city faces exodus, JPMorgan Chase CEO Jamie Dimon says
JPMorgan Chase CEO Jamie Dimon reveals what makes an "attractive" city as San Francisco grapples with a dwindling population and mounting crises.
Career trend of 'managing up' can prove beneficial for all in the workplace, say experts
As 2024 gets underway, three job experts weighed in on the positive career trend of "managing up," which they said can benefit both workers and managers in the corporate world.
Amazon laying off hundreds at Prime Video, MGM Studio, Twitch divisions
Amazon is cutting hundreds of employees working at its Prime Video and MGM Studios, and the company's Twitch service separately announced steep job cuts on Wednesday.
No one believes Biden’s ‘narrative’ on the economy: Matt Palumbo
'The Man Behind the Curtain' author Matt Palumbo joins ‘Varney & Co.’ to break down the Biden administration’s new regulations for gig workers.
Oscar Mayer will pay Wienermobile drivers $35K to travel across US in a giant hot dog
Hot dog maker Oscar Mayer's Wienermobile Spokesperson application has officially opened for 2024. The new class of "Hotdoggers" will be paid to travel across the country and promote the brand.
NYC 'supercommuter' avoids high rent by traveling from Ohio home every week
After commuting back and forth from his Ohio home to Manhattan office every week, Chip Cutter says he's not sure "how much longer this can continue" to minimize costs.
The number of high-paying job opportunities is dwindling
The number of available high-paying remote and hybrid job opportunities tumbled in the fourth quarter, according to a new report published by Ladders.