U.S. wage pressures heat up in second quarter
admin The numbers: The employment cost index rose 1.3% in the second quarter, down slightly from…
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U.S. employment cost pressures remain hot in second quarter
The numbers: The employment cost index rose 1.3% in the second quarter, down slightly from…
Read MoreAmazon stock jumps 12% as sales beat and AWS growth overcome a second straight quarterly loss
Amazon.com Inc. decided to cut back after years of pouring money into growth, and the…
Read MoreStanley Black & Decker leads S&P 500 decliners after tool maker’s weak quarter leads it to slash guidance
Shares of Stanley Black & Decker Inc. tumbled 13.7% Thursday to lead S&P 500 decliners…
Read MoreU.S. jobless claims retreat after hitting highest level in eight months
The numbers: Initial jobless claims fell by 5,000 to 256,000 in the week ended July…
Read MoreHilton stock soars 5.7% as hotel operator trounces earnings estimates and raises outlook
Shares of Hilton Worldwide Holdings Inc. soared 5.7% Wednesday, after the hotel operator blew past…
Read MoreWas Fed’s Powell dovish or not? 4 key takeaways from today’s press conference
Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many…
Read More‘It will be mostly a white-collar recession’: Milken economist William Lee on how the next economic downturn will be different
“It will be mostly a white-collar recession. And the blue-collar recession will not be in…
Read MoreShopify predicts steeper losses, but stock still rallies after earnings
A day after announcing it would conduct steep layoffs, Shopify Inc. announced a quarterly loss…
Read MoreFed jacks up interest rates again to combat highest inflation in 41 years
The Federal Reserve on Wednesday raised a key U.S. interest rate for the fourth time…
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