News About Banking Industry

Jobs Friday clashes with March Fed meeting

It’s Jobs Friday. That means the monthly Wall Street guessing game, “Will they or won’t they hike?” will kick off after the federal government lets the world know how many

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Yahoo to lay off 15% of workforce amid $400M cost-cutting

Struggling search engine company Yahoo Inc. said it plans to cut about 15% of its workforce as part of a $400 million cost-cutting effort intended to “simplify” the troubled Internet

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Hiring, quits hit 9-year highs in December

The number of Americans hired and the total quitting jobs both surged to nine-year highs in December, reflecting a more dynamic labor market that’s starting to push up wages. Job

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Shell plans 2,800 job cuts as U.S. oil around $35

Shell says it is cutting 2,800 jobs in a pre-planned administrative move as plunging oil prices find a floor. The oil giant says in a release Monday that the job

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Jobs report could get Fed to pull the trigger

Whether the Federal Reserve pulls the trigger on an interest rate hike next month at its final meeting of the year could hinge on how many jobs the U.S. economy

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Applications for unemployment aid plunge to 42-year low

The number of Americans filing initial applications for unemployment benefits fell to a 42-year low last week in the latest

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Jobless claims rise to highest level since February

The number of people seeking unemployment benefits rose last week to the highest level since late February. But the increase

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Robust jobs report could instill confidence

Due to the Fourth of July market shutdown Friday, the monthly employment report dubbed “Jobs Friday” will be renamed “Jobs

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Higher minimum wages chomp into restaurants

Labor’s victories in hiking minimum wages stand to “eat into” restaurant profitability, warns Moody’s Investors Service Thursday, confirming the fears

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Job openings hit 14-year high in April

The number of job openings in the U.S. surged to a 14-year high in April in a sign that job

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More Americans expect higher incomes this year

Americans are significantly more optimistic about their income prospects while their perceptions of their financial well-being have improved modestly, according

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Monthly average of jobless claims hit 15-year low

The number of people seeking U.S. unemployment benefits ticked lower last week, pushing down the four-week average of applications to

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