U.S. government debt prices initially rose on Friday as investors digested the decision of President Donald Trump to launch strikes against a Syrian airfield and a soft jobs report. Later in the trading day, bond prices dropped after New York Federal Reserve President William Dudley said the U.S. should consider limited adjustments to multiple financial reforms put in place following the financial crisis. The U.S. economy added 98,000 jobs last month, well below the expected gain of 180,000. The

The pan-European Stoxx 600 was up 0.13 percent Friday, with most sectors trading in positive territory. Oil & Gas rose in reaction to the U.S. missile strike in Syria and closed the day up 0.6 percent. Nonfarm payrolls grew by 98,000 in March, well below the 180,000 anticipated, despite the unemployment rate falling to 4.5 percent. Looking at individual European stocks, Standard Life and Aberdeen Asset Management were among the best-performing stocks following a ratings upgrade. Also, Vivendi’s

On the data front, the U.S. economy added 98,000 jobs last month, well below the expected gain of 180,000. “It is certainly the most unusual jobs report I’ve seen in a while,” said Scott Clemons, chief investment strategist at Brown Brothers Harriman. Futures and Treasury yields slipped after the jobs report was released, with the 10-year note yield briefly dipping below 2.3 percent to hit its lowest level since late November. “While the headline payroll was considerably weaker, it was more of a

President Donald Trump’s firing of Tomahawk missiles on a Syrian air base should lift the price of defense stocks past the market benchmark next week, according to a CNBC analysis of historic data. Using hedge fund analytics tool Kensho, we looked at the performance of defense stocks and the S&P 500 a week following significant developments in the Syrian civil war. There have been more than 200 major events during the conflict in the last six years, including those involving the U.S., Russia, Tu

Gold should top the stock market in the next week of trading after the March jobs report badly missed expectations, if history is any guide. The S&P 500 may likely decline, according to a CNBC analysis using historic data. The U.S. added only 98,000 jobs in March vs. the 180,000 consensus estimate from economists. Using hedge fund analytics tool Kensho, we found out what happened to the S&P 500, gold and Treasurys in the wake of a jobs report miss of a similar magnitude (0.7 standard deviation m

Smartphone makers and carriers would have you believe that you need to upgrade your smartphone at least every other year, maybe more, but you don’t really need to. There’s really no need to upgrade. The truth is, you really don’t need the fancy new hardware. Apple does a great job keeping its older phones updated, though, so iPhone users don’t need to worry. Here’s a secret, though: Samsung’s Galaxy S6, released two years ago, is still a really great smartphone.

Twitter on Friday pulled a lawsuit filed against the U.S. government, saying that a summons by the government for user account information had been withdrawn, according to new court papers. The move came a day after the social media company filed a federal lawsuit to block an order by the U.S. government demanding it reveal who is behind an account opposed to President Donald Trump’s tough immigration policies. The Twitter account in question was claimed to be the work of at least one federal im

Uber said on Friday that a lawsuit filed against it by Alphabet’s Waymo, which accused Uber of stealing files related to Lidar technology, is totally bunk. “If Waymo genuinely thought that Uber was using its secrets, it would not have waited more than five months to seek an injunction. Waymo doesn’t meet the high bar for an injunction, which would stifle our independent innovation — probably Waymo’s goal in the first place.” Uber’s arguing that it’s using its own technology and nothing was lifte

One Drexel Hamilton analyst says the next iPhone will be delayed Friday, 7 Apr 2017 | 1:02 PM ET | 00:56Apple’s most premium version of the iPhone 8 is again said to be delayed. Drexel Hamilton analyst Brian White sent a note to investors on Friday detailing why his firm believes Apple’s 5.8-inch iPhone 8, suspected to be the most expensive of the new iPhones, won’t arrive in September as usual. “However, our contact strongly believes the 5.8-inch iPhone will be delayed by several weeks due to c

Okta shares popped more than 38 percent on Friday in their debut on the public market, trading around $23.50. Shares of the stock started trading on the Nasdaq with the symbol OKTA. The 11-million-share offering will raise about $187 million for Okta, not counting an over-allotment. Okta helps companies manage how their employees securely sign in to various cloud-based services. An IPO was an “inevitable” step for the technology company, McKinnon told CNBC’s “Squawk Box” on Friday.

In a rare interview, Apple CEO Tim Cook said that society, including the tech community, is not moving fast enough on issues like equal rights and diversity. “I think the U.S. will lose its leadership in technology if this doesn’t change,” Cook said to The Plainsman, the student newspaper at his alma mater. I think that’s true not only in the gay community but many other communities as well.” Accusations of sexism at Uber have stoked a conversation about the role of women in tech. Apple has pled

TaskRabbit is exploring a sale after the company received inbound interest from a strategic buyer, CEO Stacy Brown-Philpot confirmed. “It’s opportunistic,” said Brown-Philpot in a brief interview, in which she declined to provide more details about the process. The company has raised close to $38 million so far, from venture firms like Shasta Ventures, Lightspeed Venture Partners and Founders Fund. She also noted it is cash flow positive in its cities, and close to reaching profitability overall

ISPs must not be allowed to meddle with people’s right to access content and services online and efforts to weaken net neutrality rules are bad for consumers and innovation.” A spokesman for Pai declined to comment on the meeting or Pai’s plans for net neutrality. Meanwhile, net neutrality proponents are gearing up for a fight. And in the two years since strong net neutrality was enacted, the industry has continued to evolve with new apps and services introduced every day.” Watch: New FCC leader

Ten years from now, the jobs report may look very different. Forrester predicts 10 million jobs will be lost as a direct result of the robotic revolution. So how might the NFP jobs report look years from now? In recent months as President Donald Trump has promised to promote blue-collar jobs, hiring in manufacturing has picked up. And more upheaval could be on the way, making those recent solid manufacturing numbers in the jobs report look like a blip on the radar.

Teens looking for a job at McDonald’s need only a smartphone and 10 seconds to apply for a position thanks to Snapchat. Once the company reviews the Snapchat application, or “snaplication,” it will send users to its digital career site where they can download an application form. “We think this is actually a world first,” Shaun Ruming , chief operating officer of McDonald’s Australia, told news.com.au. According to the report, 65 percent of the Australian McDonald’s employees are under the age o

Vinod Khosla once proclaimed that machines will replace 80 percent of doctors, which prompted waves of backlash from the medical community. In Khosla’s view, sophisticated algorithms are better than specialists at spotting potential problems in medical images, like x-rays and CT scans. But doctors don’t typically make the list of the occupations most under threat, given the importance of bedside manner, among other factors. Technology companies, including Alphabet, have efforts underway to train

For famous venture capitalist Marc Andreessen, staying open-minded is so important that he’s willing to endure some funny looks from other people. In a talk with students at Stanford Graduate School of Business, Andreessen reportedly said he has a unique trick to keep himself objective and consider other points of view: Imagining famous tech figures on his shoulders like the apparitions of devils and angels that appear in movies. “I have a little simulation of Peter Thiel,” Andreessen joked to S

Okta’s successful IPO on Friday marked another win for San Francisco’s technology industry, which has exploded in the past decade with new software and internet companies. Buried in the risks section of the software developer’s prospectus is language that now shows up in every IPO filing for Bay Area companies. Cloudera, which sells software for big data projects, is the next notable name on the IPO docket. The company, based in Palo Alto and with an office in San Francisco, said “competition fo

Nothing is inherently sinister about a tax audit. An audit is simply the IRS double-checking your numbers to make sure you don’t have any discrepancies in your return. If you’re telling the truth, and the whole truth, you needn’t worry. However, people who are consciously cheating the system do have reason to be concerned.

Richard Branson does things differently. He dropped out of school at age 16 to start his own business, and over his 50-year career, has never had a desk in a traditional office setting, preferring instead to work from his hammock. More specifically, the 66-year-old billionaire entrepreneur credits much of his success to thinking like a toddler. “I didn’t have any experience,” Branson recalls of his 16-year-old self, “but instead of feeling embarrassed and discouraged, I embraced my inner child a