Weekly jobless claims total 351,000, worse than expected
First-time filings for unemployment benefits jumped last week, hitting the highest level in a month, the Labor Department reported Thursday. Initial claims for the week ended Sept. 18 on a seasonally adjusted basis totaled 351,000, an increase from the previous week’s upwardly revised 335,000 and well ahead of the 320,000Continue Reading
The ‘one-stop shop’ way for retirement savers to build wealth, according to a financial analyst
When it comes time to make dinner after a long day of work, which kind of cook are you? Maybe you crack open a bottle of pinot noir along with your copy of “Salt, Fat, Acid, Heat,” sort through your array of fresh ingredients from the local farmer’s market, andContinue Reading
Daymond John’s top mentorship advice: Find someone who’s made financial mistakes
Mentors can help you succeed. They can also show you how to fail. That’s the mark of a great advisor, says “Shark Tank” star and FUBU founder Daymond John. The topic is divisive: While his on-screen colleague Mark Cuban says he’s never personally been a “big mentor guy,” John tellsContinue Reading
Target expects its staff to work 5 million more hours this holiday season
Target said Thursday that it is taking a different staffing approach this holiday season as it gears up for a rush of shoppers at stores and on its website: It will trim back seasonal hires and give more hours to existing employees. In all, the discounter said it expects currentContinue Reading
Chip shortage expected to cost auto industry $210 billion in revenue in 2021
Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford With no end in sight, the semiconductor chip shortage is now expected to cost the global automotive industryContinue Reading
U.S. stock futures rise for a second-day as market claws its way back from September losses
U.S. stocks were set to jump for a second day as fears around a crisis in China’s property market eased somewhat and as the Federal Reserve kept current monetary stimulus in place for just a little bit longer. Futures contracts tied to the Dow Jones Industrial Average gained 238 points,Continue Reading
Op-ed: Gen Z and millennials may not be able to count on Social Security
Paul Bradbury | Getty Images Younger generations of Americans apparently do not have a great deal of faith that Social Security will be available to them when they retire. To that point, about 23% of Gen Z and 26% of millennials actually believe there is little likelihood that they willContinue Reading
Elizabeth Holmes’ private texts reveal she described herself as the ‘best business person of the year’
Former Theranos CEO Elizabeth Holmes believed in herself so much that she wrote in a text message to Ramesh “Sunny” Balwani proclaiming that she had “total confidence in myself best business person of the year.” The message to her then-boyfriend and Theranos President Balwani are among thousands of private textsContinue Reading
Biden had ‘productive’ meetings with divided Democrats, but more work remains on spending bills
U.S. President Joe Biden speaks outside the White House with Sen. Kyrsten Sinema (D-AZ), Sen. Joe Manchin (D-WV), Sen. Mark Warner (D-VA). Kevin Dietsch | Getty Images WASHINGTON — After weeks of rising tensions among congressional Democrats, President Joe Biden stepped in Wednesday to personally attempt to resolve divisions thatContinue Reading
China asks local officials to prepare for ‘possible storm’ if Evergrande fails, WSJ says
Chinese authorities have told local officials to prepare for a potential demise of heavily indebted property developer Evergrande, the Wall Street Journal reported on Thursday. Local officials described the signals from Chinese authorities as “getting ready for the possible storm” and said the government told them they should only stepContinue Reading