Source: Envato Elements Job openings and layoffs dropped slightly for another consecutive month in July, according to government data released on Tuesday. That slowdown is a sign the labor market is getting back to pre-pandemic patterns, economists say. The number of job openings edged down to 8.8 million in July, dropping from 9.58 million in June, reported
What can Former President Trump’s previous tariff efforts—specifically the safeguards he authorized on imported washing machines in 2018—tell us about his most recent proposal for a 10 percent tariff on all imports? That each job saved would come at a severe cost to consumers and taxpayers. The U.S. International Trade Commission (ITC) recently released an
In this article LULU Follow your favorite stocksCREATE FREE ACCOUNT A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability. The company reported overall net operating
In this article DELL MDB AVGO VMW LULU Follow your favorite stocksCREATE FREE ACCOUNT Ralph Orlowski | Getty Images Check out the companies making headlines after hours. MongoDB — Shares of the database software maker gained 5% in extended trading. MongoDB reported earnings of 93 cents per share, excluding items, on revenue totaling $423.8 million
A shopper makes their way through a grocery store on July 12, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images As high inflation persists, many workers may be struggling to come up with the cash to cover an unexpected emergency expense. To that point, 63% of employees are unable to
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | Reuters Ozempic, the blockbuster diabetes treatment from Novo Nordisk, could be
In this article A4N1-FF Follow your favorite stocksCREATE FREE ACCOUNT The Polestar 3 SUV, originally expected late this year, has been pushed into early 2024 because of delays with its Volvo-developed software. Courtesy: Polestar Swedish electric-vehicle maker Polestar on Thursday reiterated that it still expects to deliver at least 60,000 EVs in 2023, with a
In this article TSLX Follow your favorite stocksCREATE FREE ACCOUNT Traders on the floor of the NYSE, August 29, 2023. Source: NYSE The drought in the IPO market could be near an end, according to a big investor overseeing more than $70 billion. Alan Waxman, the CEO and co-founder of Sixth Street, believes we’re in
Some kids gain confidence from report cards and gold medals. Dallas Mavericks owner Mark Cuban built his by dancing. His mother taught him after the 12-year-old Cuban chipped his two front teeth and was forced to wear “silver stainless steel” caps, he told NBC’s “TODAY” last year. “I was a little short chubby kid [and] my
(Click here to subscribe to the Delivering Alpha newsletter.) “It’s very difficult to buy a sports team and lose money,” Carlyle Co-Founder David Rubenstein recently said in an interview for a CNBC podcast. Historically, that purported upside has only been enjoyed by the wealthiest of the wealthy. But most major U.S. sport leagues have – just within the last
In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Whenever you’re traveling somewhere by plane, you have to pack, get to the airport, go through security, find your gate and — in the last step before you can finally relax while being taken to your destination —board the aircraft. “Boarding is one of the
Jlco – Julia Amaral | Istock | Getty Images After a three-year pause, millions of Americans with federal student loans will receive their first bill in roughly a month. When borrowers get their bills in October, they’ll be interacting with a lending system that has undergone several changes since before the pandemic. Here are four
Key Findings Pillar Two, an international tax agreement, is intended to incentivize countries to set corporate income tax rates at 15 percent or higher. This agreement threatens the U.S. tax base in two ways: potential lost revenue and limitations on Congress’s ability to set its own tax policy. We analyze the revenue effects of other
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A woman with a Shein bag after entering its first physical store in Madrid, June 2, 2022. Europa Press News / Contributor Fast-fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S. who want the company to prove it doesn’t use forced labor before it files for a widely rumored initial public
General view of the UBS building in Manhattan on June 5, 2023 in New York City. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images UBS on Thursday posted a second-quarter profit of $28.88 billion in its first quarterly earnings since Switzerland’s largest bank completed its takeover of stricken rival Credit Suisse.
Relations between Washington and Beijing are at their lowest in decades amid disputes over trade, technology, human rights and China’s increasingly aggressive approach toward its territorial claims involving self-governing Taiwan and the South China Sea. Jason Lee | Reuters BEIJING — China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls
Artistgndphotography | E+ | Getty Images Most Americans see climate change as a major threat. But income level seems to guide one’s willingness or ability to live a greener lifestyle. Fifty-nine percent of high-income consumers always or often choose sustainable products, whereas that’s true for only 44% and 42% of mid- and low-income households, respectively,
James Romano trims flower while working in the CommCan processing facility in Medway, Massachusetts, Oct. 27, 2021. Erin Clark | Boston Globe | Getty Images The U.S. Department of Health and Human Services has recommended reclassifying marijuana as a lower-risk drug, which would in turn ease restrictions on the budding business, a spokesperson for the