Category: Market

Stocks rose on Friday, rebounding from a two-day loss, as data showed U.S. job creation was stronger than expected in April. The S&P 500 gained 1% while the Dow Jones Industrial Average rose about 220 points. The Nasdaq Composite also climbed 1.5% higher. Shares of Amazon got a boost from an investment by Warren Buffett’s […]

The economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years. “We’re knocking it out of the park,” President Donald Trump told reporters at the White House on Friday. First-quarter GDP expanded by 3.2 percent in the first quarter, the Bureau […]

Even amid a tight labor market, searching for a good job can be a grueling process, which may entice some job seekers to throw in a little lie or two to make their resumes more attractive to employers. According to a new survey, two percent of respondents hope not, as they admitted to fudging their […]

The economy added 196,000 jobs in March, beating analyst predictions and bouncing back after a dismal February report of just 20,000 job gains. The unemployment rate remained steady at 3.8 percent, still the lowest level in almost 50 years, but wages increased by 0.14 percent for the month and 3.2 percent year on year. The […]

Ford will invest $900 million to boost its capacity to produce electric cars, creating 900 new jobs, the auto giant announced Wednesday. The vast majority of that investment will go to reconfigure an underused Southeast Michigan plant. The facility in the Detroit suburb of Flat Rock will become Ford’s second battery-electric vehicle, or BEV, factory. […]

East Stroudsburg, PENNSYLVANIA – A generational decline in volunteerism has brought about a public safety crisis in Pennsylvania, with the number of volunteer firefighters reaching startling lows. More than 90 percent of the state’s fire companies are volunteer, and since the 1970s the number of volunteer firefighters has declined by 88 percent. What’s more, state officials […]

General Motors will begin laying off 4,000 salaried workers on Monday, according to CNN. GM said in November that it would eliminate 15 percent of its corporate workers and 25 percent of its executives and close as many as four manufacturing plants in the United States. The layoffs come as the company is trying to […]

The economy added 304,000 jobs in January, according to data released Friday by the Bureau of Labor Statistics — far more than the 165,000 that economists had predicted. The surge in hiring comes despite the longest government shutdown in U.S. history, mounting concern about a global economic slowdown, and a lack of key economic data […]

The U.S. economy added a robust 312,000 jobs in December, well above expectations, as the labor market continues to expand even as worries grow about an economic slowdown and turbulent stock markets. The unemployment rate ticked up to 3.9 percent from 3.7 percent as the labor force expanded by 419,000, the Labor Department reported on […]

Wall Street concluded a tumultuous 2018 on Monday as the major stock indexes posted their worst yearly performances since the financial crisis. After solid gains on Monday, the S&P 500 and Dow Jones Industrial Average were down 6.2 percent and 5.6 percent, respectively, for 2018. Both indexes logged in their biggest annual losses since 2008, […]

Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a $4.4 billion bid in an effort to buy the retailer and keep it alive. Lampert’s hedge fund, ESL Investments, put forward the tentative proposal for the parent of Kmart and Sears earlier this month, with his formal submission […]

Friday is a big day for former retail icon Sears, which could potentially be forced to liquidate if its former CEO, Eddie Lampert, does not submit an official buyout bid by the end of the day. Lampert, who is still the company’s chairman, proposed buying the struggling retailer in full for $4.6 billion through his […]