Timothy Sumer

The latest jobs report from private payroll firm ADP shows the labor market remains resilient. Also, Bank of America now says a soft landing for the economy is likely with a recession being avoided. But the optimism comes as the credit rating agency Fitch downgraded the U.S. credit rating from AAA to AA+. NBC News’ Tom Costello breaks down why and what it means for Americans. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: Breaking News Alerts: Visit NBCNews.Com: Find NBC News on Facebook: Fo...

Violent protests erupted in Paris over changes to the government’s pension plans that increase the retirement age from 62 to 64. Officials say the change is essential to ensure the system does not go bust. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: Breaking News Alerts: Visit NBCNews.Com: Find NBC News on Facebook: Follow NBC News on Twitter: Get more of NBC News delivered to your inbox: nbcnews.com/newsletters #france #protests #worldnews... ( read more ) LEARN MORE ABOUT: Re...

Though President Biden insists a “recession is not inevitable,” many business leaders disagree. According to a new survey, 60% of global CEOs expect a recession in the next 12 to 18 months. The first quarter of 2022 contracted, which was blamed on the Omicron variant, and if another quarter contracts, the U.S. will officially be in a recession. And the big question now given inflation, will Americans cut back on spending?   » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: Breaking News Alerts: Vis...

The Justice Department and the Security and Exchange Commission have launched federal investigations into what caused the collapse of Silicon Valley Bank. The probes will include a review of any stock sales by bank executives prior to the collapse. CNBC’s Brian Cheung provides insight for TODAY. » Subscribe to TODAY: » Watch the latest from TODAY: About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: Find TODAY on Facebook: Follow TODAY on Twitter: Follow TODAY on Instagram: » Stream TODAY All Day: About: TODAY All Day is a 24/7 streaming channel bringing you the top stories in news and pop culture, celebrity interviews, cooking, ...

Tesla CEO Elon Musk says he is backing out of buying Twitter. Plus, NBC News’ Tom Costello reports on today’s employment report, which exceeded expectations with more private sector jobs added than existed before the pandemic. The U.S. economy added 372,000 jobs last month according to data from the Bureau of Labor Statistics. Many industries saw big gains including health care, business services, leisure and hospitality, transportation, and manufacturing. Unemployment is still near 50-year lows with more jobs open than workers to fill them.» Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism a...

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The Federal Reserve is set to begin crucial new meetings on Tuesday, as it tries to get record inflation under control. While President Joe Biden remains optimistic there will not be a recession, some economists fear the United States is already on the edge of one. NBC’s Tom Costello reports for TODAY. » Subscribe to TODAY: » Watch the latest from TODAY: About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: Find TODAY on Facebook: Follow TODAY on Twitter: Follow TODAY on Instagram: #Interest #Economy #Inflation... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment Duri...

There were signs of a resilient economy at the end of 2022 as fears of a recession loom. NBC’s Tom Costello reports for TODAY on GDP, inflation and layoffs. » Subscribe to TODAY: » Watch the latest from TODAY: About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: Find TODAY on Facebook: Follow TODAY on Twitter: Follow TODAY on Instagram: » Stream TODAY All Day: About: TODAY All Day is a 24/7 streaming channel bringing you the top stories in news and pop culture, celebrity interviews, cooking, and more. All in one place. #economy #money #recession... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failur...

Silicon Valley Bank, the 16th largest bank in the United States, is shut down. With $175 billion in deposits, it is the biggest American bank to fail since the 2008 financial crisis. CNBC’s Deirdre Bosa reports. » Subscribe to NBC News: » Watch more NBC video: NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: Breaking News Alerts: Visit NBCNews.Com: Find NBC News on Facebook: Follow NBC News on Twitter: Get more of NBC News delivered to your inbox: nbcnews.com/newsletters #SiliconValleyBank #Finance #NBCNews... ( read more ) BREAKIN...

Subscribe Now For More Latest News & Updates ► Also Watch - Republic Bharat ► Follow us on Instagram ►... ( read more ) LEARN MORE ABOUT: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing On Tuesday, French Prime Minister Édouard Philippe made a statement regarding the government’s plans for the national pension plan. He announced that the minimum retirement age would remain at 62, despite plans to raise it to 64. The announcement comes after months of debate and negotiations between the government and trade unions. The proposed increase to the minimum retirement age was a major sticking point for the unions, and the government’s decision to keep it at 62 is seen as a victory for them. In his statement, Philippe said that the government had taken into account the concerns of the unions and had decided to keep the minimum retirement age at 6...