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U.S. employers added back far more jobs than expected in January even as Omicron cases surged at the beginning of the new year. The Labor Department released its January jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +467,000 vs. +125,000 expected and a revised +510,000 in December Unemployment rate: 4.0% vs. 3.9% expected, 3.9% in December Average hourly earnings, month-over-month: 0.7%… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, February 4, 2022 Despite a Meta-drubbing, all might not be lost Unleash the Meta-phors. The big fourth quarter earnings miss by Facebook’s re-christened parent company (FB) Meta-stasized on Wall Street (sorry, I just couldn’t resist) — dragging all the major indexes lower in an unmitigated bloodbath The lackluster results gave the… Source link

BEIJING — For the first time since 2014, an Olympics Opening Ceremony won’t feature the glistening pecs of multi-sport Olympian Pita Taufatofua. The Tongan Olympian in both taekwondo and cross-country skiing, Taufatofua is remaining at home in Tonga as the nation works to recover from the effects of a devastating volcano blast last month. That means viewers hoping to catch a glimpse of Taufatofua in his trademark shirtless, skirted garb — which he sported at both Summer and Winter… Source link

Five years ago this month, William Stephen Belichick was entered as a possible material witness in the Aaron Hernandez double-murder trial. Ultimately, those proceedings came and went without the New England Patriots coach being called for testimony. But if you’re listening to Brian Flores right now, things could go far differently in the class-action lawsuit filed by the former Miami Dolphins coach. Because the more Flores speaks, the more he appears to point to Belichick as being a… Source link

When Michael Jordan retired at the height of his popularity, the NBA soon learned a hard truth. It had no heir to Air Jordan, no emerging superstar prepared to step into Jordan’s high tops and drive revenue and viewership. In 1998, a record TV audience tuned in to watch Jordan’s “Last Dance” Chicago Bulls capture their sixth and final NBA title. In 1999, the NBA no longer had Jordan to sell and ratings for the Finals plummeted to an 18-year low. The NBA’s post-Jordan ratings decline… Source link

Stock futures opened sharply higher Thursday evening as investors looked ahead to a key new report on the labor market and considered a fresh set of earnings results from several major index components. Contracts on the S&P 500 gained more than 1% as the overnight session kicked off. Nasdaq futures also jumped. Earlier, the Nasdaq Composite index sank by 3.7% for its worst single-day decline since September 2020. Oil prices also remained in focus on Thursday as U.S. West Texas intermediate… Source link

(Bloomberg) — Amazon.com Inc. reported a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown. Most Read from Bloomberg Profit beat expectations, helped by the cloud-computing division, and investors cheered a price hike for the company’s Prime subscription service. The shares jumped as much as 19% in extended trading. The reaction highlights the importance of Amazon’s diversification from its e-commerce roots. Online store sales actually… Source link

Content warning: This story contains instances of alleged sexual misconduct. Former Washington Commanders employees detailed multiple new accusations of misconduct within the organization Thursday. Multiple former employees spoke about new allegations of misconduct during an episode of HBO’s “Real Sports” podcast. The podcast episode was released the same day Congress held a roundtable with former members of the team to discuss misconduct within the organization. Allegations discussed on the… Source link

Shares of Facebook parent Meta were hammered Thursday, falling 26% after the company revealed that privacy changes Apple made to its iOS platform last year have begun to sink their teeth into the social networking giant’s bottom line. During its Q4 earnings report released Wednesday, Meta CEO Mark Zuckerberg explained that Apple’s App Tracking Transparency feature, or ATT, will cut $10 billion out of Meta’s earnings in 2022. Apps like Snap and Pinterest, however, appear to be fairing better in… Source link

WASHINGTON — On Tuesday, Denmark lifted all of its remaining coronavirus restrictions — a moment that millions of Americans have been longing for, especially as the Omicron wave that began in December appears to be subsiding. Recent polling indicates that pandemic fatigue is rising among ordinary Americans, a trend that elected officials have noticed. “We need to move away from the pandemic,” Gov. Asa Hutchinson of Arkansas said on Monday, after he and other governors met with… Source link