U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
America’s ranks of retirement fund millionaires are surging, with the number of 401(k) accounts managed by Fidelity Investments holding at least $1 million surging to a record 769,000 in the second quarter. The number of 401(k) millionaires jumped 19% between the first and second quarters, lifted by a bullish stock market and by record average…
Chevron said on Wednesday that it plans to invest $7 billion in Venezuela over the next five years and double its oil production in the country after receiving additional acreage in the crude-rich Orinoco Belt region. Chevron, the only U.S. oil company operating in Venezuela, said the investment will allow it to boost production to about…
President Trump has framed last week’s deal for the U.S. government to take a stake in Venezuela’s oil reserves as a boon not just for gas prices, but also for the Strategic Petroleum Reserve, which has dropped to historically low levels. “One of the things I am going to do with the Venezuelan Oil is…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
President Trump on Friday said a U.S. deal with Venezuela to tap its oil reserves “will substantially lower Gas Prices for all Americans, long into the future.” With the average U.S. gas price still above $4 a gallon nationwide, American consumers may be wondering if help is on the way. Don’t hold your breath, energy…
Ernst & Young has seen the future, and it involves people doing what AI can’t. EY, one of the “Big Four” management consulting firms, said Monday it plans to award $100 million in bonuses to workers who demonstrate human skills, such as leadership, judgment, business acumen, collaboration and an ability to adapt. Although EY…
The Trump administration’s plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday, offering more details on the agreement. Under the deal, the Venezuelan government granted 100-year concessions to NABEP to drill in…
Ayana Velasquez met Daejon Love, the man federal authorities allege posed as an NFL player and real estate investor to defraud over two dozen women of $1.3 million, through a dating app nearly five years ago. “When I met him in 2021, he portrayed that he wanted to be with me, wanted to give me…
President Trump announced a deal Friday to grant the United States majority control of over 65 billion barrels of proven Venezuelan oil reserves — as the Trump administration angles to get oil companies to return to the country after a U.S. military operation replaced the country’s leadership earlier this year. The administration has not yet…
