Labor economy

As student loan payments restart, can employers be a firewall for borrowers? Some groups hope so

As Americans with student loan debt brace for their monthly payments to restart and recover from the recent sting of…

Binance could lay off thousands as company buckles down for DOJ probe, source says

Crypto exchange Binance is laying off employees in response to an ongoing Justice Department probe that is likely to end…

White House takes a victory lap after inflation report comes in cooler than expected

WASHINGTON — President Joe Biden on Wednesday celebrated new data that showed inflation cooling more quickly than expected. “Good jobs and…

Trying to choose Pretax vs. Roth 401(k)? Why it’s trickier than you think, experts say

If you have a 401(k), one of the big questions is whether to make pretax or Roth contributions — and…

Payrolls report Friday likely to show a jobs market that is still hot

The U.S. jobs market is still on fire, no matter how much effort policymakers put into cooling it off. Despite…

Sens. Warren, Booker grill failed retailer Bed Bath & Beyond over allegedly denying severance

WASHINGTON — Home goods retailer Bed Bath & Beyond is facing scrutiny from Democratic lawmakers for allegedly evading severance pay…

The job market is still favorable for workers. ‘You’re in a lucky position,’ economist says

The U.S. job market is gradually cooling but remains hot despite a year-long government campaign to reign it in, amounting…

Private sector companies added 497,000 jobs in June, more than double expectations, ADP says

The U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected,…

Stocks making the biggest moves before the bell: Starbucks, CarMax, Virgin Galactic and more

Check out the companies making headlines in premarket trading. Starbucks — The coffee shop chain slid 1.1% after a union…

Americans’ buying power rose for first time since March 2021 amid falling inflation

Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall…