Job growth was much better than expected in November despite the Federal Reserve’s aggressive efforts to slow the labor market and tackle inflation.
Category Archives: business
How to protect your identity while online holiday shopping
Scammers are thinking up new ways to steal your identity and your money. Cybersecurity expert Theresa Payton shares ways to help tighten up your security online.
New jobs report beats expectations, Congress avoids rail strike
The latest jobs report showed the U.S. added more jobs than expected in November, despite Fed rate hikes. The developments come as Congress has averted a potentially catastrophic rail strike after voting to approve a disputed labor agreement on Thursday. NBC’s Tom Costello reports for TODAY.
The era of cheap money is over. How debt is hitting home for consumers as interest rates soar
Consumers are racking up credit card debt at a pace not seen in decades as inflation continues to pervade the U.S. economy.
Elon Musk is alienating one of Twitter's most valuable assets: Black influencers
Twitter CEO Elon Musk’s moves since taking control of the platform are alienating some popular Black influencers, several of whom are actively eyeing the exits.
Executives at 'fintechs' made hundreds of millions handing out PPP Covid cash, report says
Execs at one ‘fintech’ firm raked in $120 million in fees from handing out billions in PPP Covid relief loans while doing little to police fraud, Congress said.
E.U. warns Musk to beef up Twitter controls ahead of new rules
A top European Union official warned Elon Musk on Wednesday that Twitter needs to beef up measures to protect users from hate speech, misinformation and other
Elon Musk's Twitter risks opening floodgates of hate speech and extremism in India
Twitter layoffs in India cut deeply into some of the company’s most critical teams, including those dealing with government information requests and moderation.
Holiday shipping dates to watch as Christmas approaches
With the countdown to Christmas in full swing, the time to ship presents to friends and family on your nice list is running short. NBC’s Jacob Soboroff shares tips for saving money at the post office.
FTX founder, Sam Bankman-Fried, speaks out: 'I screwed up'
Sam Bankman-Fried, the CEO once hailed as the “King of Crypto,” spoke out about the stunning collapse of his company FTX. “I think I have a duty to do everything I can to try and do what’s right,” he told CNBC’s Andrew Ross Sorkin.