Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. While … Read more
A networking and hiring event for professionals of color in Minneapolis, Minnesota. Michael Siluk | Getty Images Black men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S. labor market. Black males who were at least 20 years old saw an unemployment rate of 5.3% in … Read more
The U.S. labor market continues to surprise economists and Wall Street with its resilience, as broad job gains in January led to employment growth of 353,000. The hiring was led by health care and social assistance, which added more than 100,000 jobs. If you include private education in that category, as some economists do, that … Read more
Can you abstain from alcohol for a month? That is the core question of the Canadian Cancer Society’s Dry Feb, a fundraising campaign challenging Canadians to hold off on consuming their favourite alcoholic beverages for a month, while raising funds for cancer research. With campaigns such as Dry Feb and Dry January, and the growing … Read more
Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, Feb. 1, 2024. Bloomberg | Getty Images LONDON — Bank of England Governor Andrew Bailey on Thursday signaled that financial markets may be correct in their expectations for … Read more
U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC. Alex Wong | Getty Images Small business owners are more optimistic to start the year, even as they face persistent inflation and lending concerns, a new poll released … Read more
Patrons at sidewalk tables of Janis bar in Cais do Sodre in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty Images Euro zone headline inflation eased slightly in January, flash figures published by the European Union’s statistics agency showed on Thursday, while core figures declined less than expected. Annual headline price rises came in … Read more
Camille Delbos/art In All Of Us | Corbis News | Getty Images The sharp, sudden spike in supply chain inflation caused by the Red Sea crisis and ongoing attacks on shipping vessels by Houthi rebels may have peaked on key global trade routes, based on analysis of the latest data from Xeneta, a leading ocean … Read more
WASHINGTON — The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made it clear that it is not ready to start cutting. In a substantially changed statement that concluded the central bank’s two-day meeting this week, the Federal Open Market Committee removed language that had indicated a … Read more
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market observers will be closely watching voting patterns, projections and language for … Read more
