CNBC

February marked another strong month for health care despite job growth overall coming in weaker than expected but stable. Last month, health care and social assistance led the way for job creation, adding 63,100 jobs, according to the latest data from the Bureau of Labor Statistics. That marked the fifth straight month that the category saw the largest gains. When including private education in the group, like some economists do, that figure grows to 73,000 jobs.

The Federal Aviation Administration briefly halted flights to several Florida airports after SpaceX’s Starship exploded in space. The incident marks the second time this year that SpaceX experienced a mishap during a flight test of Starship resulting in debris raining down and commercial flights disrupted. Full details: cnb.cx/43u18Do

S&P Dow Jones Indices is out with its annual survey of the performance of active fund managers, and once again the performance is dismal.

It's been a rough beginning of 2025 for lots of workers across industries. U.S. employers announced as many as 172,017 job cuts in February, according to outplacement services firm Challenger, Gray and Christmas. That's a 245% increase from January 2025's announced job cuts, the highest total for February since 2009 and the highest monthly total since July 2020. The biggest cuts came from the federal government, where President Trump has aimed to shrink employment significantly. Challenger tracked 62,242 announced job cuts by the government altogether. Retail saw a total of 38,956 announced job cuts for the month and tech announced 14,554 cuts.

Broadcom shares climbed about 5% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand. The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per share and $14.61 billion in revenue expected by analysts polled by LSEG. Revenues rose 25% from $11.96 billion a year ago. Bank of America analyst Vivek Arya called the results from Broadcom a "reassuring update from an AI leader" and a "positive read-across for AI sentiment."

There's a phrase that I hear parents say all the time: "I just want my kids to be happy." But as a child psychologist and a mother of three kids, I've seen how optimizing for happiness in childhood can do more harm than good. Of course, I don't want my kids to be unhappy. But when we make happiness the goal, we start to see our kids' distressing feelings as problems to fix, rather than emotions to tolerate. And when we struggle to sit with our kids' hard feelings, we unintentionally teach them that those feelings are bad, or even threatening.

Women are overwhelmingly ambitious in their careers, and they see workplace flexibility as a pillar for helping them get ahead at work. A majority of women workers, 87%, say they're ambitious in their careers, with roughly half, 48%, saying they're "very ambitious," according to CNBC's annual SurveyMonkey Women at Work survey, which was fielded to over 18,800 U.S. workers between February 21 and March 3. But many worry the stigma of flexible arrangements could harm their career growth, and flexibility is harder to come by for those seeking new opportunities.

Treasury Secretary Scott Bessent on Friday discussed President Donald Trump's crypto reserve and said "we'll see what the way forward is for more acquisitions for the reserve." Read more: cnb.cx/43vpwVd

Treasury Secretary Scott Bessent on Friday said the relationship between the U.S. and China is "complicated" when discussing tariffs. Read more: cnb.cx/43vpwVd

Job growth was weaker than expected in February as the Trump administration began to slash the federal workforce. Get more details: cnb.cx/4iwqtkk