Under Sanders, income and jobs would soar, economist says

Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8%. Those are just a few of the things that would happen if Bernie Sanders became president and his ambitious economic program were put into effect, according to an analysis given exclusively to CNNMoney. […]

U.S. jobs report: what you need to know today

America’s job market momentum may slow down soon. The Labor Department publishes the January jobs report at 8:30 a.m. Friday. Economists surveyed by CNNMoney project that the economy added 197,000 jobs last month. That would be way down from December, when the economy added 292,000 jobs. The unemployment rate is projected to stay steady at […]

Credit Suisse cuts 4,000 jobs after first loss since crisis

Credit Suisse is paying a hefty price for its investment banking business. The bank’s shares plunged more than 11% on Thursday, after it posted a net loss of 2.9 billion Swiss francs ($2.8 billion) in 2015 — its first annual loss since 2008. Credit Suisse wrote down the value of its investment banking business by […]

Human trafficking survivor: ‘We need jobs, not pity’

There are times when I feel like screaming, on behalf of all human trafficking survivors, “We need jobs, not pity!” I was a victim of labor trafficking from ages nine through 18, sent from Cameroon to the United States, where I was forced into domestic servitude and abused. I’ve now been an advocate for 11 […]

BP to cut 7,000 jobs after posting huge loss

More bad news for oil investors and workers: BP is cutting thousands more jobs after it sank to a huge loss in 2015. The company posted an annual loss of $5.2 billion, compared with a profit of $8.1 billion in 2014. Much of the reversal was due to charges relating to the fallout from the […]

Obama on the ‘jobs of the future’

President Obama says every student in America should learn how to code. In a Facebook post on Saturday, he announced a new program, “Computer Science for All,” which will focus on teaching this to students from elementary school through high school. The program is geared toward helping future generations succeed in the digital economy and […]

Europe tries to protect steel jobs with tariffs on Chinese imports

Europe is stepping up its fight against cheap Chinese steel imports in an attempt to save thousands of jobs. The European Union announced Friday that it would impose new tariffs of up to 13% on Chinese imports. Chinese companies have been accused of selling unwanted steel in Europe for less than it costs to produce […]

Tiffany is cutting jobs after ugly holiday sales

There’s nothing pretty about Tiffany’s holiday performance. The luxury jeweler with the iconic blue boxes said Tuesday it suffered a 5% slump in holiday sales at stores open at least a year due to the fallout of the strong U.S. dollar. Things are so gloomy at Tiffany that the company downgraded its 2015 profit outlook […]

Technology could kill 5 million jobs by 2020

Five million jobs in the world’s leading economies could disappear over the next five years because of advances in technology. Developments in artificial intelligence, robotics, and biotechnology, would disrupt the business world in a similar way to previous industrial revolutions, the World Economic Forum said in a report published Monday. Administrative and white collar office […]

The Steve Jobs and Bill Gates ‘Nerds’ musical coming to Broadway

Apple and Microsoft fans will have a new way to sing their praises soon: A musical about Steve Jobs and Bill Gates will debut on Broadway in April. “Nerds, A Musical Dot-Comedy” recounts the story of the two men’s professional careers. The plot will follow the competition that brewed between them as they tried to […]

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