The textbooks predict that when you raise interest rates high enough, an economy will sputter, and thats what happened:The secondVolcker recession began in July 1981 and lasted until November 1982. … [+2059 chars]
Square-parent Block (SQ) reported June-quarter earnings and revenue that fell from a year earlier but beat estimates. SQ stock fell as two other financial metrics, operating profit and gross payment … [+2821 chars]
John Samuelsen, the president of the Transport Workers Union, whose members include nearly 1,500 service workers, mechanics and inspectors at Amtrak, said he was disgusted by the payouts. They gave … [+1451 chars]
The Brooklyn McDonalds worker who was shot in the neck in a spat over cold fries has died, cops announced Friday. Matthew Webb, 23, “succumbed to his injuries” after he was shot Monday outside the B… [+1890 chars]
We don't take enough time to thank the various workers in the food industry. The rigorous health inspections that restaurants and food manufacturers go through are essentially all that stands between… [+1167 chars]
Fifty-three different types of beverage and nutrition products from 12 different brands were included in a recall due to potential unsafe microbial contamination, including cronobacter sakazakii. Foo… [+2639 chars]
(CNN)At first glance, it looks like many Americans got big pay raises since the Covid-19 pandemicstarted. But in reality, only workers intwo industries -- leisure and hospitality and retail trade -… [+3596 chars]
Cloudflare shares jumped as much as 27% on Friday, after the content distribution network and security provider announced second-quarter results and full-year guidance that exceeded analysts' predict… [+2139 chars]
Its purchase of iRobot brings Amazon much-needed context for its ambient smart home ambitions. Image: iRobot When I spoke to iRobots Colin Angle earlier this summer, he said iRobot OS the latest so… [+5750 chars]
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) … [+3487 chars]
WASHINGTON, Aug 5 (Reuters) - U.S. job growth unexpectedly accelerated in July, lifting the level of employment above its pre-pandemic level and pouring cold water on fears the economy was in recessi… [+6000 chars]
Shares of gig economy companies Uber, Lyft, DoorDash and Airbnb popped this week after the companies posted quarterly reports that showed strong demand. Lyft finished the week up 46%, and Uber jumpe… [+1858 chars]
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