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Category: News


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Economy added 263,000 jobs in April, unemployment falls to 3.6%, new 50-year low

May 3, 2019

Via: USA TODAY

Hiring is also likely to slow because the 3.8% unemployment rate, which is near a 50-year low, is expected to fall further, making it even tougher for businesses to find qualified workers. Average monthly job growth was a surprisingly strong […]


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Facebook expects to be fined up to $5 billion for privacy breaches

April 25, 2019

Via: TechRadar

It might’ve seemed like Facebook got away lightly in the wake of the Cambridge Analytica scandal, with no long-term effects after the initial wave of bad publicity. However, the company expects it will soon have to pay the price for […]


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US new-home sales climbed 4.5% in March

April 23, 2019

Via: ABC News

Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that caused homebuying to slump. The Commerce Department said Tuesday […]


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New college graduates enjoy the best job market in years with more offers and better salaries

April 19, 2019

Via: CNBC

It’s a good time to be a graduate. Those armed with a newly minted diploma will enter a job market with unemployment near the lowest level in 50 years and job prospects up significantly from just last year. Employers plan […]


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Trump Gave Americans a Massive Tax Cut. Few Are Noticing — And That’s a Problem for Him

April 15, 2019

Via: Time

Republicans passed a sweeping tax cut for two-thirds of Americans in 2017, saying it would pay for itself and the American public would thank them. Now, as Americans finish filing to the IRS for the first time under the new […]


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Jobless claims sink below 200,000 for first time since 1969

April 11, 2019

Via: Market Watch

The numbers: The number of people who applied for unemployment benefits in early April fell below 200,000 for the first time since 1969, the latest sign that an ebullient labor market remains an island of strength for a slower-growing U.S. […]


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Services sector growth falls to slowest pace since August 2017

April 3, 2019

Via: CNBC

Growth in the U.S. services sector fell more than expected and reached its slowest pace in more than a year, according to data from the Institute for Supply Management released on Wednesday. The ISM non-manufacturing index fell to 56.1 in […]


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How Fewer Tax Refunds in 2019 Could Affect the U.S. Economy

March 27, 2019

Via: Fortune

Americans are in for a surprise as the government begins disbursing tax refunds this year. Uncle Sam is doling out less money than usual. While the average refund amount has risen slightly by $22 on average, 2 million fewer refunds […]


News

U.S. jobless claims fall 9,000 to 221,000 as layoffs show no sign of rising

March 21, 2019

Via: Market Watch

The numbers: The number of laid-off workers who applied for unemployment benefits declined in mid-March to a one-month low, suggesting little deterioration in a robust labor market that’s powered the economy over the past several years. Initial jobless claims, a […]


News

Apple loses court case in battle with Qualcomm, ordered to pay fine

March 18, 2019

Via: TechRadar

In the latest chapter of ongoing issues between Apple and Qualcomm, the latter has won a patent infringement case against Apple in San Diego. A jury there found that the iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus […]