BlackRock layoffs coming as firm matures, ESG pullback and Bitcoin ETF approval
BlackRock, the world's largest money management firm, plans to announce layoffs in the coming days of about 3 percent of...
Economy
Fed won’t cut interest rates right away, Harker says
The president of the Philadelphia Federal Reserve said Wednesday the central bank doesn’t plan to cut interest rates soon because...
White House sees greater chances for economic ‘soft landing’
By Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden's top economic adviser said on Friday that recent data shows the...
Initial US employment reports overstated by 439,000 jobs in 2023
There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look...
Economy still appears headed for recession, U.S. leading index signals
The numbers: The leading economic index declined 0.5% in November, falling for the 20th month in a row, and continued to...
Top US auto safety official will leave agency
By David Shepardson WASHINGTON (Reuters) -The acting head of the National Highway Traffic Safety Administration (NHTSA) said on Friday she...
Soda taxes made sugary drink prices rise and sales fall in cities that tried them, study finds
Sales of sugary drinks plummeted by about one-third across five U.S. cities after they started taxing those products, a study...
U.S. mortgage rates fall for eighth week in a row, drawing buyers off the sidelines
Mortgage rates fell for the eighth week in a row, staying well below 7%, providing a much-needed boost to the...
Fed’s Williams douses Wall Street’s rate-cut speculation
By Michael S. Derby and Howard Schneider (Reuters) -Just days after a Federal Reserve meeting that penciled in an ample...
Critical piece of Alaska Airlines Boeing plane found in Portland school teacher’s backyard
A critical piece of the Alaska Airlines Boeing plane that suffered a blowout mid-flight has been found in a schoolteacher's...
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