The numbers: Job openings in the U.S. fell to 10.3 million in October in another sign the labor market is cooling off as the economy softens. But it doesn’t appear to Read more
Month: November 2022
U.S. Pending Home Sales Fell in October as Demand Wanes — NAR
By Xavier Fontdegloria The number of houses going under contract in the U.S. declined again in October as rapidly rising mortgage rates and low affordability hurt demand, data from the Read more
Chicago factory activity falls deeper into contraction territory in November
The Chicago Business Barometer, also known as the Chicago PMI, plummeted to 37.2 in November from 45.2 in the prior month. This is the lowest level since the pandemic hit in early 2020. Read more
U.S. trade deficit in goods jumps almost 8% to $99 billion as exports sag
The numbers: The trade deficit in goods widened 7.7% in October to a five-month high of $99 billion, as a strong dollar and weakening global economy dented U.S. exports. The trade Read more
MarketWatch Live: Stocks boosted after upward revision to U.S. third-quarter GDP
MarketWatch Live: Stocks boosted after upward revision to U.S. third-quarter GDP
DoorDash to lay off 1,250 employees as CEO says costs grew too fast
Food-delivery platform DoorDash Inc. plans to lay off about 1,250 employees, becoming the latest technology company to admit that it grew expenses too rapidly for the current climate. Chief Executive Read more
U.S. private-sector job growth slows to lowest level since early 2021, ADP
The numbers: Private payrolls rose by 127,000 in November, according to the payroll services firm ADP on Wednesday. It is the slowest pace of growth since January 2021. Economists polled Read more
U.S. grew 2.9% in third quarter, GDP shows, and there’s little sign of recession for now
The numbers: The economy grew at an annual 2.9% pace in the third quarter, updated figures show, and the U.S. is on track to expand again in the waning months Read more
State Street and Brown Brothers Harriman walk away from $3.5 billion deal for BBH Investor Services unit
State Street Corp. STT, +0.56% said Wednesday it reached an agreement with Brown Brothers Harriman & Co. (BBH) to terminate its acquisition of BBH’s Investors Services unit because of regulatory Read more
Disney said it may take impairment charges once CEO Bob Iger’s planned organizational changes are in place
The Walt Disney Co. DIS, -1.05% said it expects its newly reappointed CEO Robert Iger to implement organizational and operating changes to address the board’s goal of boosting profitability, and Read more