US private payrolls increased by 2.37 million in June as states reopened from coronavirus lockdowns earlier in the year, according to a Wednesday report by ADP.
ADP also revised its May report from a loss of 2.76 million payrolls to a gain of 3.07 million payrolls in the month.
Economists expected the ADP report to show 2.85 million jobs added.
The biggest additions came in leisure and hospitality, construction, and trade and transportation.
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US companies added 2.37 million jobs in June, fewer than economists expected, ADP says
-
Facebook should 'take the hit' to its finances and tackle advertisers' concerns, Jim Cramer says
Facebook should "take the hit" to its finances and invest in the technology and manpower needed to properly moderate its platform, "Mad Money" host Jim Cramer said on CNBC on Tuesday.
Best Buy, Coca-Cola, Verizon, and other large companies have joined an advertiser boycott, pausing their social-media spending to protest issues such as hate speech, misinformation, and voter suppression.
"Facebook has been trying to get away with this for a long time, and this seems to be one of those moments wher -
Stock analysts are having a moment in the sun as the market gets flipped upside down. We spoke to 11 of the top-ranked on Wall Street to get their forecasts and single-stock picks.
The stock market has rebounded in stunning fashion since hitting multiyear lows in late March.
But the outlooks for individual sectors remain fuzzy amid uncertainty surrounding new coronavirus cases, energy prices, consumer demand, and levels of unemployment.
We spoke with 11 equity analysts — one for each S&P 500 sector. Everyone interviewed was ranked in the top five for their industry, according to TipRanks.
Each top-ranked expert offered market outlooks and single-stock -
GOLDMAN SACHS: Buy these 15 super-cheap stocks now before their prices catch up to their strong growth and earnings prospects
Ryan Hammond, a strategist at Goldman Sachs, highlighted 15 stocks that trade at large discounts to the firm's modeled forecasts.
To arrive at his picks, Hammond leaned on a plethora of fundamental metrics including market capitalization, margins, and growth prospects.
Click here to sign up for our weekly newsletter Investing Insider.
Click here for more BI Prime stories.As the S&P 500 churns within 5% of positive territory for 2020, investors who missed the opportunity to buy in the midst o -
Economists expect the US added 3 million jobs and that the unemployment rate declined in June. Here's what to watch in Thursday's report.
The June nonfarm payrolls report will be released Thursday, July 2, from the Labor Department.
Economists surveyed by Bloomberg expect that the US economy added 3 million payrolls in June and that the employment rate declined to 12.5%.
If the report is in line with expectations, it will be the second month of jobs added since the US lost a record 20.5 million payrolls in April due to the coronavirus pandemic.
Visit Business Insider's homepage for more stories.Businesses in June -
'This is what a kleptocracy looks like': Billionaire investor Chamath Palihapitiya blasted the Fed for buying foreign companies' bonds
Billionaire investor Chamath Palihapitiya slammed the Federal Reserve for purchasing foreign companies' bonds in a tweet this week.
"Does @federalreserve actually believe buying foreign company bonds with US taxpayer dollars helps America?" the Social Capital boss and Virgin Galactic chairman asked.
The central bank's emergency facility bought debt issued by Japan's Toyota and UK oil giant BP this month, and it tracks an index that gives the most weight to Toyota, and German carmakers Volskwagen -
Wirecard is set to miss the very first payment on $561 million worth of debt and join the notorious 'no coupon' club
German fintech Wirecard is set to miss the first payment on $561 million worth of bonds issued last year, the Financial Times reported.
The FT said Wirecard risks entering the infamous unofficial "no coupon at all club."
Wirecard is due to make an interest payment of 0.5% on the bond in September.
Wirecard filed for insolvency last week, and saw its former chief executive Markus Braun resign and be arrested on suspicion of market manipulation and false accounting practises.
Moody's g -
Why China’s marketers should focus on retention marketing
via warc.comWith Chinese customers increasingly disloyal, the modern Chinese marketer is focused on marketing to address disloyalty; but it is customer retention that is ripe for innovation, and this is where brands should be investing resources. -
WARC Prize for MENA Strategy 2020 shortlist announced
via warc.comEtisalat Misr in Egypt, Donner Sang Compter in Lebanon, Saudi Telecom Company in Saudi Arabia are among the brands shortlisted for the WARC Prize for MENA Strategy 2020, alongside global brands like Burger King, Nissan Patrol and OMO. -
Nearly a third of major brands could pause social media ad spend
via warc.comIn a sign of diminishing faith in social media platforms to police hate speech, a new WFA survey indicates that nearly a third of the world’s largest brands have cut spend or are likely to do so. -
Marketers should invest in response to current societal issues
via warc.comMarketers should turn their investment decisions towards the present moment and respond to major concerns around racial injustice and COVID-19, according to Bozoma Saint John, the new CMO of streaming giant Netflix. -
Joining the dots at Times Radio
via warc.comTimes Radio is an ongoing brand campaign, according to Times Newspapers’ general manager, and one which ties in with the title’s pricing strategy. -
Agencies eye CTV/addressable TV
via warc.comAll agencies across Europe see addressable TV or connected TV as key digital video growth areas for the next 12 months, according to new research from IAB Europe, but measurement remains an issue. -
$2bn knocked off APAC’s luxury-goods market in 2020
via warc.comSpending in Asia-Pacific on luxury goods is set to contract by 3.4% this year – a fall, compared to last year, of $2.1 billion, as consumers rein in spending on expensive items and focus on smaller treats instead.
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