Raphael Bostic says Fed needs to ‘stay the course’ despite lower wage gains
The Atlanta Fed president said Friday that December’s jobs report doesn’t change his view on monetary policy.
Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations
Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%.
Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade
Automakers are hoping last year’s new vehicle sales — the worst in more than a decade will mark a bottom for the market.
California forces companies to show pay on job listings, revealing big tech salaries
A new law that went into effect this week requires most California employers to disclose salaries on job listings.
Delta plans to offer free Wi-Fi starting Feb. 1
Delta’s plan to make Wi-Fi free comes as airlines compete for customers in the travel rebound following the pandemic slump nearly three years ago.
Here’s how the House speaker debacle is paralyzing the U.S. Congress
The failure to elect a House speaker has left the legislative branch of the government effectively paralyzed.
Credit card interest rates are heading to 20% on average — here’s the best way to pay down high-interest debt
As the Federal Reserve remains committed to raising interest rates to combat inflation, credit card rates will hit fresh highs in the year ahead.
Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post
Stitch Fix founder Katrina Lake on Thursday announced the company will be cutting 20% of its salaried workforce and that she will reassume her post as CEO.
Tech jobs were hit the hardest by layoffs last year
Tech job cut announcements were up 649% in 2022 from the nearly 13,000 announced in 2021, Challenger reported.
Ford pickup truck sales in December help narrow overall sales decline in 2022
Ford reported sales of more than 1.9 million vehicles in 2022, including an increase of 3.2% during the final month of the year.
