More than 20 million passengers expected to fly out of state over the vacation This marks an 11% increase on last year, which already exceeded 2019 levels But chaos could be on the cards with thousands of flight delays on Friday A chaotic Labor Day weekend is on the cards for many as 95 million … Read more
To Pay for Weight Loss Drugs, Some Take Second Jobs, Ring Up Credit Card Debts The Wall Street Journal Source link
I’m Chris Anstey, a senior editor for economic policy in Boston and today we’re looking at mixed signals from the US job market. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can … Read more
The government’s main measure of US economic activity in the second quarter was revised lower, as more moderate business investment than initially reported outweighed stronger consumer spending. Gross domestic product rose at a revised 2.1% annualized pace in the second quarter, below the government’s previous estimate. The downward revision to GDP reflected less inventory and … Read more
The U.S. Bureau of Labor Statistics relies on the Job Openings and Labor Turnover Survey (JOLTS) to clarify the broader U.S. job openings picture – how many jobs are available each month, how many workers lost jobs, and how many workers were hired, among other employment data points. Now the latest JOLTS data points to … Read more
The Circuit Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Every week, Chang will go on location to meet the world’s most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most … Read more
Charles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial services firm said in a Monday regulatory filing August 22, 2023, 10:52 AM ET • 2 min read NEW YORK — Charles Schwab plans to cut jobs and close or downsize … Read more
Startups Hunker Down in Europe as Funding Shrivels The Wall Street Journal Source link
Welcome to Bw Daily, the Bloomberg Businessweek newsletter, where we’ll bring you interesting voices, great reporting and the magazine’s usual charm every weekday. Let us know what you think by emailing our editor here! If this has been forwarded to you, click here to sign up. The mysterious WhatsApp message arrived one night in August … Read more
US inflation continued along a path of moderation that is bolstering prospects for an economic soft landing, while across the globe in China, consumer and producer prices fell in tandem. The US core consumer price index, a closely watched measure of underlying inflation, posted the smallest back-to-back advances since early 2021 and suggested central bankers … Read more