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MarketWatch - Business
Open Text to cut 1,200 jobs as part of cost-saving plan
Open Text’s stock rallied Wednesday, after the enterprise-software company disclosed that it was cutting 1,200 jobs as part of a “business optimization” plan aimed at saving about $200 million a year. -
The Hill - Politics
Biden campaign hits Trump over 'Black jobs' remark in new ad
The Biden reelection campaign has launched a new ad hitting former President Trump for his comments about “Black jobs” at the presidential debate. In response to the first 2024 general election debate’s only question regarding Black voters, Trump ...Joe Biden -
Inc. - Business
U.S. Labor Market Eases Steadily Despite Rise in Job Openings
The Labor Department reports the number of jobs available in May stayed steady from April, a sign that the market is stabilizing. -
MarketWatch - Business
ADP says 150,000 private-sector jobs created in June, smallest gain in five months
U.S. businesses add a modest 150,000 new jobs in June, paycheck company ADP said, to mark the smallest increase in five months, possibly another sign the labor market is cooling. -
MarketWatch - Business
2-year Treasury yield ends at almost three-week low after ISM data offers signs of waning U.S. growth
Treasury yields finished lower on Wednesday for a second straight session after the Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020. -
Inc. - Business
A Strong Job Market Still Leaves Some Gen Z and Older Workers Behind
Increasing Gen Zers "not in employment, education, or training," and so-called 'New Unemployable' experienced workers unable to land work create an untapped labor pool for companies. -
MarketWatch - Business
Is the big slowdown in hiring finally here? June U.S. jobs report not supposed to show it.
The U.S. economy wasn’t supposed to churn out so many new jobs this year, according to the experts. But lots of businesses have been hiring to underpin a solid economic expansion.