The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lower
Category: Business
Walmart to pay US hourly store workers bonuses for first time ever
Both part-time and full-time associates will be eligible for the annual bonus program, the idea for which came from feedback from store workers.
Read More Walmart to pay US hourly store workers bonuses for first time ever
U.S. job openings drop in April, as labor market cools
Job openings, a measure of labor demand, were down 296,000 to 8.059 million on the last day of April, the lowest level since February 2021.
Read More U.S. job openings drop in April, as labor market cools
NYSE resolves glitch that led to volatility pause for dozens of stocks
NYSE said it had resolved a reported technical issue regarding Limit Up-Limit Down bands that sent dozens of stocks into volatility pauses.
Read More NYSE resolves glitch that led to volatility pause for dozens of stocks
Inflation rises moderately in April, consumer spending slows
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
Read More Inflation rises moderately in April, consumer spending slows
Boeing to detail quality, training improvements in FAA meeting, sources say
CEO Dave Calhoun and other senior company officials will detail the planemaker’s quality, training and other improvements during meetings with U.S. aviation regulators on Thursday.
Read More Boeing to detail quality, training improvements in FAA meeting, sources say