Consumers see inflation easing, anxious about job market, personal debt: NY Fed survey
A new report by the New York Federal Reserve found that consumers see inflation leveling off and have mixed views about the labor market, as well as worries about household debt.
Surge of migrant workers cutting off bottom of the career ladder for native-born Americans: expert
The influx of foreign-born workers over the last few years has contributed to a drop in both job opportunities and wages among native-born Americans, according to one expert.
Markets are 'certainly' in a correction period, so optimize diversification: Mark Newton
Fundstrat Global Advisors managing director Mark Newton argues the tech sector remains strong, while others struggle to meet bull market tops.
Big Lots files for bankruptcy, will close some stores amid sale to investment firm
Months after Big Lots publicly announced signs of trouble, the home goods and seasonal retailer is selling its business as it starts bankruptcy proceedings.
The 'bad part' of this economic policy is widening gap between middle, upper class: James Iuorio
TJM Institutional Services director James Iuorio cautions that there's more 'uncertainty' to hit markets amid the presidential election and the Federal Reserve's next rate decision.
Silver ceiling: Career expert warns delayed retirement trend could have 'ripple effect' on younger generations
Older workers reluctant to retire are creating career gridlock for millennials and Gen Z employees who are hoping to climb the career ladder, Axios reported.
Michael Kantrowitz: Latest jobs data should be taken ‘with a grain of salt’
Piper Sandler chief investment strategist Michael Kantrowitz evaluates the latest jobs data on ‘Maria Bartiromo’s Wall Street.’
Jobs report is a boom for migrants, slump for Americans
The new August jobs report shows the number of U.S.-born workers fell over the last 12 months, while foreign-born workers made massive gains.
Which industries hired the most workers in August?
The U.S. Department of Labor's payroll report for August found that job losses in the manufacturing and retail sectors partially offset gains that were led by construction and health care.
Red Lobster cleared to exit Chapter 11 bankruptcy protection
After facing significant financial woes and filing for Chapter 11, Red Lobster has been cleared to exit bankruptcy and will be acquired by RL Investor Holdings LLC.
Surge of foreign-born workers remake American jobs market
Foreign-born workers are reshaping the U.S. jobs market following a net surge of more than nine million immigrants since the end of 2020.
US economy added 142,000 jobs in August, missing expectations
The U.S. Department of Labor reported that U.S. employers added 142,000 jobs in August, missing economists' expectations, while the unemployment rate ticked down slightly to 4.2%.
LL Flooring, hardware store once known as Lumber Liquidators, to close all 400 stores in bankruptcy proceeding
National retailer LL Flooring, previously known as Lumber Liquidators, has announced it will close, resulting in around 2,000 workers losing their jobs.
Why Gen Z surpassing boomers at work is troubling for managers: 'Age of authority is dropping'
The Wall Street Journal reported that Gen Z is slated to take over the workforce by the end of 2024, leaving employers to determine how to accommodate their needs.
US job market in 'bad shape,' executive recruiter says
The slowing labor market is flashing troubling signs, according to a longtime executive recruiter, who says the U.S. is in a "job market recession" right now.
Fed is like Kamala Harris, they ‘hang on’ to the latest poll: Donald Luskin
TrendMacro chief investment officer Donald Luskin joins ‘Mornings with Maria’ to provide analysis of revised labor market data.
Private sector job growth cools to 99,000 in August, well below estimate: ADP
Job growth in the private sector was slower than expected in August, as ADP's report showed a gain of 99,000 jobs, fewer than the 145,000 expected by economists.
US job openings fall to lowest level since January 2021
The Labor Department reported Wednesday that job openings in July fell to their lowest level in more than three years as the labor market continues to cool.
JOLTS report is 'more important' than August job numbers: Victoria Fernandez
Crossmark chief market strategist Victoria Fernandez reacts to the DOJ subpoenaing Nvidia in an anti-trust probe, and previews anticipated economic data.
Why are so many restaurant chains filing for bankruptcy this year?
Bankruptcies among major restaurant chains have surged this year, already nearly doube the number in 2023. One expert explains several factors are fueling the trend.