October monthly job cuts surged to a 22-year high
U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the highest
Economy
Economy
More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day
More than 1,000 unionized Starbucks workers went on strike at 65 U.S. stores Thursday to protest a lack of progress in labor negotiations
Economy
Longtime Walmart CEO to step down in January
Walmart announced Friday that longtime CEO Doug McMillon will retire at the end of January — which came as a surprise to some
Economy
What AI bubble? Nvidia’s strong earnings signal there’s more room to grow
U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there is
Economy
Stock market sinks as AI and interest rate worries grip investors
What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of the
Economy
Bargain hunters drive Walmart sales and outlook higher
Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping season.
Economy
U.S. added 119,000 jobs in September, but there are signs of a weakening labor market
The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a healthy
Economy
Bitcoin and other crypto assets sink in flight from risk
Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors worried
Investing
Chilean Peso rallies as right-wing candidate gains in presidential vote
Chile’s peso and equities firmed on Monday, while local bond yields edged lower, as markets interpreted the first-round presidential vote as opening the
Investing
USD/ZAR: South African rand on edge as experts remain optimistic
The South African rand remained under pressure this week, even after the recent credit rating upgrade and the growing optimism about the country.