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…
This is ‘the end of the beginning’ of the battle against inflation, economist says
Central banks are at “the end of the beginning” in their battle against inflation, as several factors keep core prices…
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,…
Fed sees more rate hikes ahead, but at a slower pace, meeting minutes show
Almost all Federal Reserve officials at their June meeting indicated further tightening is likely, if at a slower pace than…
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…
Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’
Federal Reserve Chairman Jerome Powell on Wednesday affirmed that more interest rate increases are likely ahead until additional progress is…
