Last Friday, the September job report release saw an unexpected drop in the unemployment rate and an increase in worker salaries. The news sent a clear signal to markets that the Fed would have to pursue more massive interest rate hikes to slow inflation down.
Go Deeper (2 min read)Tech Is Freezing Hiring
For years, the tech sector has been rapidly expanding its workforce, but the cheap money that supported years of high-flying startups is now running out.
Go Deeper (2 min read)What A Strong Dollar Means
Global investors have been flocking to higher-yielding U.S. assets, and the dollar has strengthened while competing currencies have weakened.
Go Deeper (2 min read)The Home Depot, Built From Scratch
The Home Depot operates 2,317 stores located throughout the U.S., Canada, and Mexico and counts over 490,000 employees.
Go Deeper (8 min read)Chinese Firms Audits
U.S. officials have begun scrutinizing audits conducted in China, starting a process that will take many months and determine whether companies like Yum China and Alibaba can continue to trade on American stock exchanges.
Go Deeper (2 min read)More from Business
Volkswagen To Go Ahead With The Porsche IPO
Volkswagen and Porsche Automobil Holding SE, the Porsche family holding and the company's largest shareholder, announced their intention to proceed with the IPO of Porsche AG.
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The Walt Disney Company is an American entertainment company active in mass media and entertainment. The company is headquartered at the Walt Disney Studios complex in Burbank, California.
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Oil Prices Fall On Recession Fears
Oil prices dropped by about 8% over the last two days and experienced their third consecutive monthly dip, indicating that anxieties about the recession are taking precedence over worries about the declining availability of petroleum at home and abroad.
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According to a Bloomberg article released over the weekend, Netflix's new ad-supported plan may cost between $7 and $9 per month.
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Is Inflation Here To Stay?
Markets are surging upward after the Fed's rate rises in the first part of the year devastated them.
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Manufacturers Gradually Moving Out Of China
In order to diversify and increase manufacturing, Apple supplier Foxconn has inked a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City.
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