Stock market today: Dow, Nasdaq edge lower to start jobs report week as Powell set to speak – Yahoo Finance
U.S. stocks were volatile on Monday, but still expected to see solid monthly and quarterly gains as investors awaited a speech from Federal Reserve Chairman Jerome Powell ahead of the important monthly jobs report. Ta. The S&P 500 (^GSPC) fell 0.1%, and the Nasdaq Composite Index (^IXIC) also rebounded from the day's lows and fell […]
Disney slashes 300 jobs this week as CEO Bob Iger continues belt-tightening
Disney is reportedly cutting 300 jobs across the company this week, the latest in a broader cost-cutting effort by CEO Bob Iger. The job cuts, which began Wednesday, are expected to continue Thursday and possibly Friday. Deadline Report Entertainment news media said the incident could affect the Mouse House's standing in the United States and […]
It Turns Out The Biden-Harris EV Push Comes At A Massive Cost — Thousands Of Blue Collar Jobs
The Biden-Harris administration's push for electric vehicles is forcing automakers to rethink their manufacturing processes and slash thousands of jobs in the process, but experts warn that the latest round of job cuts is just the tip of the iceberg. GM said Saturday it would temporarily lay off about 1,700 factory workers as it retools […]
House panel probes Labor Department’s leak of revised jobs data to Wall Street firms
A Republican-led House committee is seeking an explanation from the Labor Department over how the federal agency leaked revised employment data to several Wall Street firms last month before it was released to the public, The Washington Post has learned. The House Education and Labor Committee, chaired by Rep. Virginia Foxx (R-N.C.), sent a letter […]
Harris Will Prevent Fracking in Pennsylvania, Destroying Energy Jobs
Former President Donald Trump said at an event in Smithton, Pennsylvania on Monday that energy jobs in the state would plummet if he wasn't elected president. President Trump hosted a roundtable with former acting national security director Rick Grenell, Pennsylvania Republican Senate candidate Dave McCormick, former Rep. Lee Zeldin (R-New York), and a number of […]
Jane’s Addiction’s Dave Navarro Apologizes to Crew over Lost Jobs After Singer Perry Farrell’s Onstage Fight Shutters Tour
Jane's Addiction have cancelled the remaining dates of their US tour after frontman Perry Farrell assaulted the band's guitarist Dave Navarro onstage during a concert in Boston, Massachusetts, citing “mental health issues”. “Due to lead singer Perry Farrell's ongoing pattern of behavior and mental health issues, we have concluded that we have no choice but […]
Harris pushes gig workers, contractors into corporate jobs with new rule
almost 1 in 10 American workers Self-employed and earns approximately 1 in 3 Carry out some form of independent work, such as full-time or part-time employment or a side job alongside your regular job. In Georgia, the figure could be even higher in 2022. Self-Employed Reporting Atlanta and Gainesville, Georgia, are highlighted as having among […]
Caitlin Clark’s teammates reveal how she transformed their jobs: ‘The world tried to get in this building’
The first regular season of the Caitlin Clark era officially came to an end as the Indiana Fever lost their final game on Thursday to the Washington Mystics, 92-91. Indiana is now looking towards the playoffs for the first time in eight years. Clark's arrival has given the Fever a boost in just one year, […]
Warner Music slashing 750 jobs — or 13% of workforce — in major restructuring
Warner Music Group said on Thursday it would lay off about 750 employees, or 13% of its workforce, as part of a strategic restructuring plan it is reviewing to free up capital. In February, Warner Music, which represents artists such as Dua Lipa and Teddy Swims, announced it would cut 600 employees, about 10% of […]
Fed’s Powell: policymakers noted ‘artificially high’ jobs data, revisions
In “Cavuto: Coast to Coast,” Barron's senior writer Megan Leonhart responded to the U.S. economy adding 818,000 fewer jobs than initially reported. Federal Reserve Chairman Jerome Powell The central bank said on Wednesday that policymakers had taken into account reports that recent employment data was “artificially high” and could be revised downwards as they assess […]