Articles

Is the big slowdown in hiring finally here? June U.S. jobs report not supposed to show it.

The U.S. economy wasn’t supposed to churn out so many new jobs this year, according to the experts. But lots of businesses have been hiring to underpin a solid economic expansion.

Gold prices look to settle at 1-month high as silver jumps nearly 4%

Gold futures looked to post their highest settlement in about a month on Wednesday, while silver prices climbed by nearly 4%, with both precious metals supported by weakness in the U.S. dollar and bond yields following the release of downbeat economic data.

Paramount stock and bonds snapped up on report deal with Skydance is back on

The deal between Shari Redstone and Skydance Media that was scrapped a few weeks ago has been revived

I’m in my 60s and mentored Gen Z students from NYU. This is what we taught each other.

Why mentoring in unretirement is great for you and young adults

Most people earning $100K or more are making this huge 401(k) mistake

For high earners, saving up to your company match isn’t going to be good enough to replace the income you’ll need later on.

U.S. factory orders drop in May after three straight gains

Orders for manufactured goods fell 0.5% in May, the Commerce Department said Wednesday.  It is the first decline after three straight monthly increases.

Businesses show biggest contraction since pandemic, ISM finds. The economy may be weakening.

Service-oriented companies such as hotels, banks and retailers that dominate the economy contracted in June for the second time in three months in another sign growth in the U.S. is slowing.

JPMorgan’s top strategist Marko Kolanovic is leaving after missing stocks’ historic rally

Chief market strategist Marko Kolanovic is departing JPMorgan Chase & Co. following a 19-year stretch with the bank, according to a source from within the investment bank who shared details from two internal memos with MarketWatch on Wednesday.

Southwest Airlines adopts ’poison pill’ after Elliott Management discloses 11% stake

Southwest Airlines Co. said Wednesday its board is adopting a limited-duration shareholder rights plan that is effective immediately and will expire in one year.

Open Text to cut 1,200 jobs as part of cost-saving plan

Open Text’s stock rallied Wednesday, after the enterprise-software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year.

Hurricane Beryl puts focus on oil with climate change likely to intensify storms

Even though Hurricane Beryl is predicted to miss most of the offshore oil rigs in the Gulf of Mexico, the U.S. energy industry is on high alert over climate change and the risk of more frequent, more intense storms posing a growing challenge for the market in the future.

Ford’s EV sales surge, fueled by strength in F-150 Lightning electric trucks

Ford reported second-quarter U.S. electric-vehicle sales Wednesday that rose sharply from a year ago, boosted by strength in sales of its F-150 Lightning electric trucks.
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