business news

Heading into Labor Day weekend, Biden celebrates new job growth

WASHINGTON — President Joe Biden lauded new jobs data out Friday that showed robust growth in the past month. “As…

Black unemployment rate declines in August, even as it rose across the board

The unemployment rate for Black workers slipped in August, bucking the broader trend of a higher overall jobless rate. The…

USVI says JPMorgan notified Treasury of more than $1 billion in Jeffrey Epstein ‘human trafficking’ transactions after he died

JPMorgan Chase notified the Treasury Department of more than $1 billion in transactions related to “human trafficking” by Jeffrey Epstein…

Stocks making the biggest moves midday: PagerDuty, Dell, Tesla, Broadcom and more

Check out the companies making headlines in midday trading: VMware — The cloud services company slid 2.8%, a day after…

6 things to know about the job market right now: It’s ‘near-perfect,’ economist says

Both jobseekers and policymakers can take solace in the current state of the U.S. job market, according to labor economists.…

White House asks for additional $4 billion for FEMA after Hurricane Idalia, Maui fires

WASHINGTON — The White House is requesting an additional $4 billion from Congress to bolster funding for the Federal Emergency…

Here’s where the jobs are for August 2023 — in one chart

The August jobs report was another sign that the U.S. labor market is cooling off, though some of the sectors…

Unemployment rate unexpectedly rose to 3.8% in August as payrolls increased by 187,000

The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in…

Stocks making the biggest moves premarket: Dell, MongoDB, Lululemon and more

Check out the companies making headlines before the bell: Dell Technologies — Dell Technologies surged 10.5% after exceeding analysts’ second-quarter…

‘Really bad economics’: Nobel laureate Joseph Stiglitz explains where the Fed went wrong on inflation

The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over…