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America lost 301,000 private-sector jobs in January, ADP says
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| The Omicron variant of Covid-19 threw a wrench into the recovery at the start of 2022. Wednesday's ADP Employment Report proved as much: The nation actually lost jobs in January. Read more » |
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Natural gas spikes 16% ahead of winter storm
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| Natural gas futures soared Wednesday as energy markets brace for a powerful winter storm that threatens to derail production just as demand rises. Read more » |
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PayPal warns that consumers will spend less as stimulus runs out
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| Omicron, inflation and a lack of government stimulus have some Venmo users nervous about spending money from their digital wallets. That's bad news for Venmo owner PayPal — and a potential warning sign for consumer spending in general. Read more » |
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The titans of Wall Street are getting much bigger paychecks
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| Big Wall Street firms enjoyed a stellar 2021 thanks to a booming stock market and a frenzy of mergers and initial public offerings. Bankers and CEOs are reaping the rewards. Read more » |
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Starbucks is planning even more price hikes this year
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| Starbucks has been hiking prices as inflation soars and labor costs rise. But that's not scaring customers away from their mocha Fraps and vanilla lattes. Read more » |
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OPEC and Russia keep promising to pump more oil. They're not delivering
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| Here's one big reason oil prices are near a seven-year high: OPEC and Russia are producing less than they promised. Read more » |
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