Job openings soar to 10.9 million as companies struggle to fill positions
Job openings outnumbered the unemployed by more than 2 million in July as companies struggled to fill a record number of vacancies, the Labor Department reported Wednesday. The department’s Job Openings and Labor Turnover Survey, which the Federal Reserve watches...
September may have a bad reputation for stocks, but one top strategist just hiked his S&P 500 year-end target anyway
September may historically be a rough month for stocks, but it didn’t stop National Securities’ Art Hogan from hiking his S&P 500 year-end target by 7%. He made the bullish move based on a strong second quarter earnings season and...
A sharp rise in wages is contributing to worries over inflation
Thomas Trutschel | Photothek | Getty Images Now might be a good time for the Federal Reserve to start worrying about inflation. August’s jobs report, besides being a big disappointment on the 235,000 headline number, also showed that wages are...
48% of renters worry they won’t ever be able to buy a home, survey finds
Forty-eight percent of renters worry they won’t be able to buy a home during their lifetimes, according to a new Lending Tree survey. That concern is largest among renters in Generation X (41 to 55 years old) and millennials (25...
Stock futures open slightly higher after Dow slips following August jobs report
A trader works on the floor of the New York Stock Exchange. Getty Images U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend. Dow Jones...
SPACs offer hope for reviving Singapore’s flagging IPO market
SINGAPORE — Singapore’s stock exchange this month launched new rules allowing SPACs to list, a move it hopes will draw more firms to raise funds in the city-state amid an IPO market that has been stagnant for years. As of...
Federal unemployment benefits end this weekend for millions of Americans. Many are scared of what comes next
A woman waits in a line outside a temporary unemployment office in Frankfort, Kentucky in June. Bryan Woolston | Reuters Pandemic unemployment benefits The federal government expanded the safety net for the jobless to a historic degree last year, when...
Didi jumps nearly 10% this week amid report of Chinese government taking it over
Budrul Chukrut | LightRocket | Getty Images Shares of Didi posted near double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake...
3.2 million Americans are still long-term unemployed as benefits are set to expire
OLIVIER DOULIERY | AFP | Getty Images More than a third of jobless Americans in August were long-term unemployed as benefits for these workers are set to expire. About 3.2 million people — or 37.4% of the total unemployed —...
Jobs report disappoints — only 235,000 positions added vs. expectations of 720,000
Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for 720,000 new hires. The unemployment rate dropped to 5.2% from 5.4%,...