Author: Editor

Private sector employers added 41,000 jobs last month, payroll giant ADP reported Wednesday, while annual pay grew 4.4% year over year. Processing ContentHowever, there was a steep drop of 29,000 jobs in December in the professional and business services sector, which includes accounting, tax preparation and other types of services. Overall, the service-providing sector added 44,000 jobs, led by education and health services, which together added 39,000 jobs, and the leisure and hospitality sector, which gained 24,000 jobs.The goods-producing sector lost 3,000 jobs, including the manufacturing industry, which shed 5,000 jobs, partially offset by the construction industry, which gained 1,000 jobs,…

Joe Raedle | Getty Images News | Getty ImagesAmerican Airlines said Wednesday that it will keep the spending requirements to earn elite frequent flyer status in 2027 steady for a third consecutive year as the carrier courts higher-spending travelers and tries to catch up to industry profit leaders Delta Air Lines and United Airlines.Delta and United each said they would also keep elite status thresholds the same for the 2026 earning year. Airlines offer elite loyalty program members perks — ranging from earlier boarding and a free checked bag to free upgrades to roomier cabins and airport lounge memberships —…

An Alaska Airlines Boeing 737 MAX 9 departs Los Angeles International Airport en route to Puerto Vallarta, Mexico, Sept. 19, 2024.Kevin Carter | Getty ImagesAlaska Airlines is buying more than 100 Boeing jets, a purchase that the carrier’s fleet chief said will ensure it has locked in sought-after order slots through the middle of the next decade to expand. The order, Alaska’s largest ever, announced Wednesday, includes 105 yet-to-be-certified Boeing 737 Max 10 jets. Alaska is also buying five 787-10 Dreamliners, using its previous purchase options for those long-haul jets as it charts international expansion.Shane Jones, who oversees Alaska Airlines’ fleet, revenue…

An aerial view of downtown Raleigh from the warehouse district.Kenny Mccartney | Moment | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Historically, Americans moved in order to find better economic opportunities. But the driver has now shifted from the “Go West, young man” mentality, where free and open land presented that opportunity, to much more…

An American flag flies at Warner Bros. Studio in Burbank, California, on Sept. 12, 2025.Mario Tama | Getty ImagesThe Warner Bros. Discovery board on Wednesday once again unanimously recommended that WBD shareholders reject a hostile takeover offer from Paramount Skydance. The board said it continued to believe the Paramount bid is “inferior” to a previously announced deal with Netflix to buy WBD’s studio and streaming business for $72 billion. “We have a signed merger agreement with Netflix, it’s a compelling value, a clear path to closing and protections for our shareholders if something stops the close, whatever that might be,”…

2026-01-07T05:04:58.634Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Berkshire Hathaway disclosed that Greg Abel will make $25 million in his new CEO role. Abel’s pay is a significant increase from Warren Buffett’s famous $100,000 salary. Abel is expected to maintain Berkshire Hathaway’s investment philosophy. Berkshire Hathaway is paying its new CEO, Greg Abel, $25 million each year,…

Nvidia CEO Jensen Huang seems like he’s not losing sleep over California’s proposed wealth tax.When Bloomberg TV’s Ed Ludlow asked Huang about California’s proposed 5% billionaire wealth tax in an interview that aired on Tuesday, Huang said that the potential levy hasn’t crossed his mind once and that he is “trying to build the future of AI.””I’ve got to tell you, I have not even thought about it once,” Huang told Ludlow. “We chose to live in Silicon Valley, and whatever taxes they would like to apply, so be it. I’m perfectly fine with it.””We work in Silicon Valley because…

2026-01-07T02:40:54.616Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. President Donald Trump announced a plan to import over 30 million barrels of Venezuelan oil to the US market. Venezuela’s interim president, Delcy Rodríguez, has not commented on Trump’s proposal. Trump is considering subsidizing oil companies to expand their operation to Venezuela. President Donald Trump said he’s wasting no…

2026-01-07T00:52:17.772Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Brevan Howard returned 8% and 0.8% in its two largest funds for 2025, a person close to the firm said. The manager lagged behind its macro rivals, including Bridgewater and Discovery, which had banner years. The firm’s smaller Emerging Markets strategy returned more than 15% however. Brevan Howard, the…

Clients anticipating major student loan forgiveness in the new year could be in for an unwelcome tax bill.Processing ContentThe American Rescue Plan Act of 2021, which exempted forgiven federal student debt from taxation over recent years, expired on Dec. 31, 2025. And without a legislative extension, the student loan “tax bomb” is back for 2026.Under the reinstated rule, canceled debt is treated as ordinary income, creating potentially significant liquidity strain. On a typical forgiven balance of $57,000, federal taxes alone could range from roughly $7,000 to more than $12,000, depending on the client’s bracket. Beyond the immediate bill, the additional…