Hedge funds fight back against tech in the war for talent
As Mario Roussanov, a recruiter for hedge funds, began making his annual visit to clients this year, the change was apparent. Cubicles had been replaced by open-plan layouts, workers were increasingly donning jeans and casual shirts at places that once...
Goldman Sachs sees more price pain ahead for bitcoin
Goldman Sachs is not optimistic for the near-term fate of cryptocurrency. In its mid-year economic report, the bank’s investment management group highlighted “cryptocurrency mania” as one of six factors creating an unsteady undertow affecting markets for the remainder of 2018....
Dish Network shares rise 7% after subscriber losses are less than expected
Dish Network shares jumped 7 percent after the pay TV company reported better than expected profit. Dish posted June quarter earnings per share of 83 cents versus the Thomson Reuters consensus of 71 cents. Raymond James analyst Ric Prentiss called...
Services sector activity misses expectations in July, but still shows expansion
Activity in the services sector slowed more than expected in July. The Institute of Supply Management’s index fell to 55.7 percent, nearly 3 percentage points below an expected decline to 58.6 percent from 59.1 percent in June, according to economists...
Blame Toys R Us closure for jobs report miss
July’s jobs gains were short of expectations, and economists are pointing to the closing of retail chain Toys R Us for most of the miss. Toys R Us was an American icon, founded in 1948, but it was another victim...
US trade gap widens amid Trump’s tariff battle
The U.S. trade deficit increased 7.4 percent in June amid the nation’s ongoing tariff battle with its global trading partners. The total deficit in goods and services rose to $46.3 billion for the month, from $43.2 billion in May, the...
Pay raises coming this year for 58 percent of US workers, study shows
It’s a great time to be in the work force. With the labor market tight and companies increasingly competing to attract and retain qualified workers, 58 percent of employers plan to give out raises by the end of 2018, according...
Payrolls rise 157,000, missing expectations, but overall picture still strong
Payroll growth turned sluggish in July after two robust months, though the unemployment rate edged lower and the overall jobs picture continued to look solid, according to Labor Department numbers released Friday. Total nonfarm payrolls increased by 157,000 for the...
China says it will retaliate with tariffs on $60 billion in US goods
China is preparing to retaliate in the escalating trade war with tariffs on about $60 billion worth of U.S. goods. The import taxes would range in rates from 5 percent to 25 percent, China’s Ministry of Commerce said in a...
Where the jobs are: Trucking companies are hiking wages as they struggle to attract younger drivers
Trucks hauled more than 70 percent of freight tonnage in the U.S. last year, generating $676 billion in revenues, according to the American Trucking Associations. But the industry is grappling with a growing problem — a shortage of qualified drivers,...
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