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The Fed Raises Rates a Quarter Point and Signals More Ahead
“The job is not fully done,” he said.So far, evidence of labor market moderation in particular remains inconclusive: Initial claims for jobless benefits remain muted, and the unemployment rate is as low as it has been in half a century. Job openings rose in December, and 1.9 positions are now available for every unemployed worker.“The labor…
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Wall St rallies as Fed’s Powell nods to easing inflation after rate hike
Federal Reserve hikes rates by 25 bpsPowell says for first time disinflation has startedIndexes up: Dow 0.02%,…
ChatGPT and artificial intelligence tools could replace workers in these jobs
Chatbots and artificial intelligence tools like ChatGPT that can almost instantly produce increasingly…
Intel slashes wages, bonuses after disastrous quarterly results
Intel shocked employees Tuesday evening with word that it is sharply cutting employee compensation after…
Intel slashes employee, exec pay amid PC market downturn
Jan 31 (Reuters) - Intel Corp (INTC.O) said on Tuesday that it had made broad cuts to employee and executive…
Powell Won’t Break S&P 500 Rally; Wage Growth Eases
If markets are right, tomorrow's Fed meeting policy statement will announce the next-to-last rate hike of the…
U.S. seeks Tesla driver-assist documents; company hikes capex forecast
WASHINGTON, Jan 31 (Reuters) - Tesla Inc (TSLA.O) disclosed on Tuesday the U.S. Justice Department has sought…
VIEW Adani’s $2.5 bln offer rides out share storm with investor backing
BENGALURU, Jan 31 (Reuters) - Gautam Adani's $2.5 billion share sale was fully subscribed on Tuesday as…
Mustang Mach-E: Ford drops the price of its Tesla competitor
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Ford is boosting production of its…
About 1,000 US flights canceled as winter weather snarls travel
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get…