The numbers: The number of Americans who applied for unemployment benefits in early December rose slightly to 230,000, pointing to a slow but steady increase in layoffs as the U.S. Read more
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Volodymyr Zelensky and ‘the spirit of Ukraine’ named Time’s Person of the Year
“‘For proving that courage can be as contagious as fear, for stirring people and nations to come together in defense of freedom, for reminding the world of the fragility of Read more
U.S. stocks open modestly lower, on pace for fifth day of losses as economic growth worries linger
U.S. stock indexes opened lower on Wednesday morning, struggling to recover ground after a four-day losing streak amid worries about the chances of an economic downturn in coming months. How Read more
U.S. productivity in the third quarter was better than initially reported — but it’s still weak
The numbers: The productivity of American workers rose by a revised 0.8% annual rate in the third quarter, but the increase was still historically weak and does not bode well Read more
Trump Organization found guilty in executive tax-fraud scheme
NEW YORK — Donald Trump’s company was convicted of tax fraud on Tuesday in a case brought by the Manhattan District Attorney, a significant repudiation of financial practices at the Read more
This long-time bear warns of a ‘trapdoor’ situation looming for the stock market.
Uncertainty is lingering for investors following a recent mixed batch of data — softer-than-expected inflation, stronger-than-anticipated jobs and wages — as we kick off the third week before Christmas. That’s Read more
Democrats move to make South Carolina, not Iowa, first primary voting state
Democrats voted Friday to remove Iowa as the leadoff state on the presidential nominating calendar and replace it with South Carolina starting in 2024, a dramatic shakeup championed by President Read more
U.S. adds 263,000 jobs in November and wages rise sharply — still too much for the Fed’s liking
The numbers: The U.S. created a robust 263,000 new jobs in November, a historically strong pace of hiring that’s good for workers but that also threatens to prolong a bout Read more
Appeals court ends special-master review of Trump documents, in win for Justice Department
WASHINGTON — A federal appeals court on Thursday ended an independent review of documents seized from former President Donald Trump’s Florida estate, removing a hurdle the Justice Department said had Read more
U.S. job openings fall to 10.3 million — but labor market still too strong for the Fed
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