Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Employers added 223,000 jobs in December, the smallest gain in two years Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Southwest’s December Meltdown to Cause Quarterly Loss
The airline said it lost up to $425 million in revenue after it canceled more than 16,700 flights in the...
Fed Official Sees Progress on Inflation, Says More Rate Rises Needed
The Federal Reserve’s short-term benchmark rate isn’t yet at a level high enough to sufficiently slow the U.S. economy to...
Samsung Expects Big Drop in Profit on Slumping Tech Demand
High inflation and weak economies hit sales of memory chips and smartphones. Source link
Stitch Fix to Cut 20% of Salaried Jobs, CEO Stepping Down
The personal shopping and styling company’s chief executive, Elizabeth Spaulding, had been in the position for less than 18 months...
Regulations Set to Be Issued This Year Will Determine Course of Deep-Sea Mining
Deep-sea mining for battery materials has gained significant interest over the past year, but 2023 is set to be a...
U.S. Auto Sales in 2022 Worst in Over a Decade
BusinessAutos & TransportationAutos IndustryGM bucked last year’s industry declines to regain U.S. sales crown from Toyota Source link
WSJ News Exclusive | Amazon Layoffs to Hit Over 17,000 Workers, the Most in Recent Tech Wave
WSJ News ExclusiveTechCuts focused on the company’s corporate staff exceed earlier projection Source link
Job Openings Held Nearly Steady in November, Showing Still-Strong Labor Demand
The historically high levels of available positions showed demand for labor remained strong at the end of 2022. Source link
Google and Meta’s Advertising Dominance Fades as TikTok, Streamers Emerge
For the first time in nearly a decade, the two largest players in online advertising are no longer raking in...
Elon Musk’s Twitter Says It Plans to Expand Political Ads Allowed on Platform
TechPolitical advertising was largely banned in 2019 under then-CEO Jack Dorsey Source link
Tesla Stock Falls 12%, Posting Worst Drop in Over Two Years
Wall Street resets 2023 vehicle-delivery expectations after last year’s numbers fell short. Source link
Get Ready for the Richcession
If the economy enters a recession in 2023, or even if it manages to narrowly evade one, it might be...
More Bosses Order Workers Back to the Office as Job Market Shifts
BusinessManagementManagement & CareersVanguard Group, Paycom Software and others push staffers to return on required days, but some employees are pushing...
Southwest Says It Maintains Normal Schedule as Airline Processes Bags, Refunds
Executives said they plan to launch a postmortem after the holiday meltdown that led to thousands of canceled flights. Source...
Tourism and Manufacturing Fight for the Future of Power in Europe
The Ukraine war has spurred the EU to accelerate the shift away from natural gas to wind and solar power,...
Elon Musk’s Tesla Comes Up Short of 2022 Delivery Target as Growth Slows
BusinessElectric car maker falls short of its initial goal of increasing annual deliveries by 50% or more last year Source...
Stay for Pay? Companies Offer Big Raises to Retain Workers
EconomyU.S. EconomyRecent record-high wage gains for workers who remain in their jobs are a factor contributing to inflation Source link
Twitter Sued Over Rent Payment in San Francisco
One of Twitter’s landlords accuses the social-media company of failing to pay for space in the building. Source link
Economy Week Ahead: Jobs Report, Fed Minutes in Focus
EconomyEconomy Week AheadData will gauge health of the U.S. labor market, offer details on central bankers’ interest-rate discussions Source link
