Topline Facebook parent company Meta will lay off another 10,000 employees, the company’s billionaire CEO Mark Zuckerberg announced Tuesday, the second-such massive round of layoffs as the company dra...
Tag: Jobs
Jobs Report Offers Mixed Results And Fed Says Interest Could Go Higher Than Expected
Getty Images TL;DR This weeks jobs report offered up mixed results, with new payrolls of 311,000 beating expectations, at the same time as unemployment rose and wages stayed broadly flat Fed Chairman ...
5 Considerations For The Promise And Peril Of Polywork
Polywork may hold benefits, but also challenges. getty An increasingly number of people are working not one, but two full time jobs. Some people do it for the money, others for the creative fulfillmen...
Wall Street Optimistic of US Jobs Data Despite Uptick in Claims
Wall Street predicts steady job growth and a lower unemployment rate for February. Nonfarm payrolls are expected to increase by 205k, with projected annual wage growth of 4.7%. Any significant deviati...
Silicon Valley Bank Rocks Crypto and Equity Markets Ahead of Jobs Report
“Silicon Valley Bank (SIVB), another crypto-friendly bank, comes under pressure. The bank is generally regarded as one of the default fallback options for industry participants impacted by the c...
Jobs Report Is So-So For Workers
Layoffs begin. Amityville, N.Y.: Co-workers yell during a demonstration outside one of the Akorn Pharmaceuticals … [+] buildings in Amityville, New York on Feb. 24, 2023. The pharmaceuticals com...
Here’s where the jobs are for February 2023 — in one chart
The U.S. labor market surprised to the upside yet again in February, powered by continued strength in the service sectors of the economy. The leisure and hospitality sector added 105,000 jobs last mon...
Stock futures edge up after crucial jobs report
U.S. stocks sank Friday morning after the crucial jobs report came in warmer than expected and jitters over troubles at Silicon Valley Bank (SIVB) continued to weigh on markets. The S&P 500 (^GSPC...
Labor Market Added 311,000 Jobs In February—But Unemployment Rate Unexpectedly Rose To 3.6%
Topline Amid waves of layoffs continuing to hit some of the nation’s largest employers, the unemployment rate unexpectedly ticked up last month despite the labor market gaining significantly more jobs...
Wall Street Estimates On US Jobs Data, Crypto Market To Crash?
The U.S. Bureau of Labor Statistics will release the crucial nonfarm payrolls and unemployment rate data for the month of February today. According to market consensus, nonfarm payrolls likely increas...
Why Friday’s Jobs Report Won’t Save The S&P 500 From Fed Hawks
The Federal Reserve’s data-dependence might suggest that a more mild jobs report on Friday and tamer CPI inflation reading next week could still result in just a quarter-point rate hike on March...
S&P 500 Breaks Critical Support As SVB Financial Crash Slams Bank Stocks; Jobs Report Looms
Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures ahead of Friday’s February jobs report. SVB Financial kept tumbling after triggering a bank stock s...
Recently, I’ve been ‘over-employed,’ working two jobs to rake in $300K a year. Now I have enough saved to buy a business, but I need trustworthy advice. Where do I turn?
Having two full-time jobs doubled my annual income to $300,000 and allowed me to accumulate enough savings to purchase a few online businesses. Getty Images/iStockphoto Question: I’ve been a member of...
Dow Jones Reverses On Jobs Data As Powell Speaks; Tesla Dives On Steering Wheel Investigation
The Dow Jones Industrial Average reversed lower Wednesday after stronger-than-expected jobs data, amid more testimony from Federal Reserve Chair Jerome Powell. Tesla (TSLA) stock dropped 4% on an inve...
ADP jobs report February 2023:
A worker prepares a 155mm artillery shell at the Scranton Army Ammunition Plant in Scranton, Pennsylvania, U.S., February 16, 2023. Brendan McDermid | Reuters Companies added jobs at a brisk pace in F...
Sirius XM Slashes Jobs in a Reorganization
Key Takeaways Sirius XM Holdings (SIRI) announced that it would cut 8% of its workforce as it reorganizes its operations. In February, the company issued 2023 revenue and EBITDA guidance that came in ...
The Fed is preparing for more interest rate hikes, with an eye on the jobs report
Federal Reserve Board Chairman Jerome Powell speaks during an interview by David Rubenstein, Chairman of the Economic Club of Washington, D.C., at the Renaissance Hotel on February 7, 2023 in Washingt...
Bitcoin, crypto prices tread water ahead of pivotal Powell testimony and US jobs data
Crypto markets were relatively flat to start the week ahead of Jerome Powell testimony and some significant economic indicators. Bitcoin was trading around $22,500 by 12:30 p.m. EST, up 0.3%, ac...
SiriusXM cuts 475 jobs in reorganization
Sirius XM is the latest media company to announce a round of layoffs The car radio subscription company, known for its commercial-free music and talk radio channels, said Monday it is cutting 8% of it...
U.S. stock futures retain Wall Street’s rally ahead of Powell testimony and jobs data
U.S. stock futures were steady early Monday, holding their latest rally ahead of testimony from Federal Reserve Chair Jerome Powell and crucial jobs data later in the week. How are stock-index futures...
Apple investor day, Powell testimony, jobs report top week ahead
It will be a busy week ahead for investors full of congressional hearings, big names and important earnings reports. The stock market is coming off a solid week with the Dow Jones Industrial Average a...
3 Ways To Lead Well Amidst Anxiety
Will AI replace your job? The fear is real. getty Work is a state of upheaval—and beyond shifts in where and when people work, changes are occurring in the content of work itself—literally in responsi...
US Jobs Report and Powell Testimony Take Center Stage
(Bloomberg) — US job growth probably moderated last month after a blistering January pace, while the unemployment rate likely held at a 53-year low, illustrating a labor market that’s proved mos...
Full-time office work is ‘dead,’ economist says
Morsa Images | Digitalvision | Getty Images Workers and companies see benefits of remote work In 2019, about 5% of full-time work was done from home. The share ballooned to more than 60% in April and ...
General Motors is cutting hundreds of executive-level jobs in its push to ‘focus on our own efficiency’
Streamlining operations and refocusing on efficiency is an overarching tech theme of 2023, epitomized by Meta CEO Mark Zuckerberg last month when he declared this would be the company’s “year of effic...
Rick Pitino Says The Noise Linking Him To Other Jobs Pales In Comparison to His Time At Kentucky
ALBUQUERQUE, NEW MEXICO – DECEMBER 18: Head coach Rick Pitino (L) of the Iona Gaels and head coach … [+] Richard Pitino of the New Mexico Lobos greet each other before their game at The Pi...
GM to Axe Hundreds of Jobs. But It’s Not About Cutting Costs.
General Motors is cutting salaried and executive staff positions, after saying earlier this year that it didn’t plan layoffs. GM (ticker: GM) representatives on Tuesday said the cuts affected a small ...
Here Are Major Companies Taking Advantage Of Biden’s Green Tax Initiatives—And Creating More Than 65,000 Jobs
Topline Last week, Volkswagen-owned Audi said it is considering building a factory in the U.S., following in the footsteps of other car, battery, solar panel and computer chip manufacturers taking adv...