After fleeing violence in Haiti, data engineer now makes $130,000

This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. Nearly 20 years ago, most of Lenny Pyrrhus’ immediate family fled Haiti after his uncle, a popular musician known as Ti Pierre, was killed during a political protest against a repressive military-led government … Read more

What to know if you unretire

Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America … Read more

Dow falls 150 points after strong July jobs report points to more aggressive Fed

Yields jump after better-than-expected July jobs report The 10-year Treasury yield surged to 2.834% Friday morning following the July jobs report, which came in well above expectations and showed solid job growth in the month. Earlier this month, the 10-year Treasury yield hit 2.5%, its lowest since April, as the bond market worried about a potential recession. … Read more

Stock futures tick up ahead of the July jobs report

Amazon to acquire iRobot in $1.7 billion deal Amazon will acquire iRobot for $61.00 per share, the consumer robot company announced on Friday. The all-cash transaction is valued at approximately $1.7 billion, including iRobot’s net debt. Shares of iRobot were halted on the news. The sale price of $61 per share is a 22% premium … Read more

7 changes Americans are willing to make to fix Social Security

zimmytws | iStock | Getty Images There are just 13 years before Social Security may not be able to pay full benefits, according to a recent annual report from the program’s trustees. In 2035, just 80% of benefits will be payable if Congress doesn’t fix the program sooner. Shoring up the program will generally mean … Read more

Tesla investors urged to vote against board members, for shareholder proposals by influential advisory services

Two prominent and influential proxy advisory firms are urging Tesla Inc. investors to vote against the reelection of two board directors, and are recommending they defy the company’s wishes and vote for six out of eight shareholder proposals. Tesla TSLA, +0.04% is facing several employee-related controversies and is caught up in the glare of the … Read more

Productivity and focus must improve

Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular … Read more

White House goes on offense to argue that the U.S. is not in a recession

U.S. President Joe Biden delivers remarks on the Inflation Reduction Act of 2022 at the White House in Washington, U.S., July 28, 2022. Elizabeth Frantz | Reuters WASHINGTON — The White House responded to second-quarter negative GDP growth with a full slate of events and a well-coordinated message: Despite what everyone is saying, the U.S. … Read more

U.S. economy probably barely grew last quarter and may have contracted

Shipping containers are seen at a terminal inside the Port of Oakland as independent truck driver continue protesting against California’s new law known as AB5, in Oakland, California, July 21, 2022. Carlos Barria | Reuters Economists are forecasting the economy barely grew in the second quarter, and some expect that it actually contracted. The estimates … Read more

Are layoffs and downturns coming? Recruiters don’t think so

Recruiters are some of the first people to get a preview of how well a company is doing. In good times, they’re busy building out staff to take the business into exciting new territory. In leaner times, hiring takes a back seat. But for Deven Lall-Perry, 31, a New York-based recruiter, even she didn’t see … Read more