Strong US jobs growth dampens talk of rate cuts
The US economy added 216,000 jobs in December and the unemployment rate was unchanged at 3.7%.
The US economy added 216,000 jobs in December and the unemployment rate was unchanged at 3.7%.
United Airlines and Alaska Airlines said on Monday that they had found loose parts on some of their Boeing 737 Max 9 jets after a fuselage panel blew out during an Alaska flight on Friday, adding to growing safety concerns about the Max 9. The disclosures followed reports that Alaska Airlines had been warned three…
Updated Jan. 11, 2024 7:14 am ET Chesapeake Energy and Southwestern Energy agreed to merge in an all-stock transaction valued at $7.4 billion that would create one of the largest natural-gas producers in the U.S. The companies on Thursday said the value is based on Chesapeake’s closing price as of Wednesday. Copyright ©2024 Dow Jones…
Bill Ackman says he has “good reason to believe” plagiarism allegations against his wife, former tenured Massachusetts Institute of Technology professor Neri Oxman, came from an inside source at the esteemed university. Business Insider expanded its investigation into Oxman’s 2010 MIT doctoral dissertation on Friday, finding that aside from the four paragraphs of improperly-cited information…
Prosecutors at the National Labor Relations Board say Trader Joe’s illegally fired a union supporter in Massachusetts because he was pushing for better working conditions. In a complaint filed Tuesday, officials argued that the company should be forced to offer reinstatement and back pay to Stephen Andrade, a nearly 18-year Trader Joe’s veteran in Massachusetts….
The global supply chain is feeling the fallout from Iran-backed Houthi rebels attacking vessels in the Red Sea. Freight prices are set to jump Monday, while longer transit times around Africa are disrupting and delaying deliveries of products. Vessels aren’t able to come back to Asia in time, and ocean carriers are canceling sailings on…
News Corp announced Thursday that veteran communications advisor Arthur Bochner will become chief communications officer and executive vice president, following the retirement later this year of longtime spokesperson Jim Kennedy. Bochner, who has spent the past decade at Disney, will join News Corp — parent of the New York Post, Wall Street Journal and Dow…