Category: United States

The numbers The U.S. added a sizzling 528,000 new jobs in July and the unemployment rate fell to pre-pandemic levels in a muscle-flexing display for the economy, but the robust report could add to inflation worries and push interest rates even higher. The increase in hiring blew past Wall Street estimates. Economists polled by The […]

Scattered reports of layoffs, declining job openings and a softening economy all point to a slowdown in hiring. And that’s why the number of new jobs created in July is forecast to fall to the lowest level in 19 months. Here’s what to watch in the employment report on Friday morning: Wall Street forecast Employment […]

WPP PLC WPP, -4.01% said Friday that first-half pretax profit rose on broad growth and that it has raised its organic growth guidance for the full year. The London-based advertising group said pretax profit was 418.6 million pounds ($ 509 million) compared with GBP394.4 million a year earlier. Revenue for the period was GBP6.76 billion […]

SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the continued momentum of the resource-rich economy despite rapidly rising interest rates and a jump in costs for households and businesses. With the unemployment rate already at a 48-year low of 3.5%, the RBA now expects the figure to fall to […]

DoorDash Inc. on Thursday reported continued growth in the second quarter, saying that its food-delivery business remains healthy despite economic uncertainty, but its loss was worse than what Wall Street expected. DoorDash DASH, +2.34%, which completed its acquisition of Finland-based Wolt in the second quarter, beat revenue and other expectations with its earnings report, though […]

Could cold sores plus shingles lead to Alzheimer’s? New research from Tufts and Oxford universities adds to the growing evidence that they might — and how. And the implications are both good and bad. Good, because it means vaccines could help prevent Alzheimer’s, for which there is very little medication and no known cure. Bad, because somewhere […]

Dear Quentin, I have been with my boyfriend for over two years and he recently dumped me, which caught me off guard, blindsided me and left me so confused. We spent every weekend together; he would call me at 8:30 p.m. every night and I would always wake up to a good-morning text.  When I […]

The numbers: Some 260,000 people applied for unemployment benefits at the end of July, keeping jobless claims near a nine-month high and signaling a softening in the U.S. labor market as the economy slows. initial jobless claims increased by 6,000 from a revised 254,000 in the prior week. Economists polled by the Wall Street Journal […]

The Bank of England hiked interest rates by the most in 27 years on Thursday as it predicted U.K. inflation may hit double digits by the end of 2022 and the economy could endure more than a year of recession as high prices hit households partly as a result of the war in Ukraine. The […]

Do you have the right communication going on with your financial adviser. Getty Images/iStockphoto Question: I have watched my accounts drop 20% this year, which is better than the market, but starting in March and again in May, I traded messages with my broker asking what, if any change in direction/investments they had made/would make […]

By Maria Martinez German manufacturing orders declined in June, amid rising producer prices and supply constraints. Manufacturing orders fell 0.4% on month in adjusted terms, according to data from the German statistics office Destatis published on Thursday. Economists polled by The Wall Street Journal had expected orders to fall by 0.5%. Foreign orders in June […]

WASHINGTON — Two top lawyers who worked in the White House under former President Donald Trump have been subpoenaed to appear before a federal grand jury investigating the events leading up to the Jan. 6, 2021, attack on the Capitol, people familiar with the matter said, in the latest sign that the Justice Department’s probe is entering […]

Booking Holdings Inc. on Wednesday reported second-quarter financial results that beat analysts’ expectations for net income, room nights booked and gross bookings, though its revenue was shy of estimates. Booking BKNG, +0.52% shares climbed higher by about 5% after hours immediately after the results were released, then fell to a 3% decline after executives shared […]

Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate teams, the […]

Inflation is hurting some Americans more than others — just ask Mary Daly.  “‘I don’t find myself in a space where I have to make tradeoffs, because I have enough, and many, many Americans have enough.’” — San Franciso Fed President Mary Daly The San Francisco Fed president shared that she is among the “many, […]

Early investors in AMTD Digital Inc. have basically won the lottery, as the Hong Kong-based digital business developer’s stock has zoomed 3,165% higher over the past seven days. The stock HKD, -16.91% pulled back 16.6% in very volatile midday trading Wednesday — it has already been halted nine times for volatility — putting it on […]

PayPal Holdings Inc. shares have fallen out of favor with investors this year after a string of resets, but the payment giant’s management team is looking to flip the script with a series of moves intended to drive changes in the business. The company announced Tuesday a new buyback authorization and cost-cutting plan, along with […]

I’m writing this unretirement column three days after turning 66 (and four months before reaching my Social Security “Full Retirement Age”). So, my 70s are just around the corner. Until recently, that gave me pause. But after seeing what people in their 70s said in the recent AARP/National Geographic “Second Half of Life Study” and […]

Societe Generale SA GLE, +2.84% said Wednesday that it swung to a second-quarter net loss as it booked losses from its disposal of Russian assets. The French lender reported a net loss of 1.48 billion euros ($ 1.50 billion) compared with EUR1.44 billion net profit a year earlier. Net banking income, its top-line figure, came […]

The China Caixin services purchasing managers’ index, a private gauge of service-sector activity, improved further in July, contrasting with its official counterpart. The Caixin services PMI rose to 55.5 in July from 54.5 in June, Caixin Media Co. and research company S&P Global said Wednesday. Service companies surveyed in the Caixin PMI reported a faster […]