Amid a broad slackening of the U.S. labor market, and in spite of campaign promises to save “Black jobs,” the unemployment rate for Black workers is surging under President Donald Trump. According to seasonally adjusted data published Friday by the Bureau of Labor Statistics (BLS), the unemployment rate for Black Americans rose from 7.2 percent…
Apple shareholders and investors betting on a Federal Reserve rate cut have received good news lately. The week ahead offers tests to both camps. Fresh off Friday’s soft jobs report, the other side of the Fed’s dual mandate of maximum employment and price stability will take center stage in the coming days. But first, we’ll…
The S&P 500 Index retreated from Thursday’s record as declines in Nvidia Corp. and other tech megacaps offset a rally in Broadcom Inc. that had earlier led tech and chip stocks higher. The S&P 500 fell 0.3% after hitting an intraday record early in the session. The Nasdaq 100 Index rose 0.1%. A gauge of…
Donald Trump’s disastrous governance has successfully tanked America’s labor market. The federal government released another weak jobs report Friday, after the previous poor jobs report resulted in Trump lashing out and firing the Commissioner of Labor Statistics. At the time, Trump baselessly claimed that the “Jobs Numbers were RIGGED in order to make the Republicans,…
HE was a pioneer of fashion who empowered women to wear suits in the boardroom and dressed Hollywood’s elite. Tributes last night poured in for style icon Giorgio Armani, who died “peacefully, surrounded by loved ones” yesterday, aged 91. 21 Giorgio Armani at the height of his success in 1992Credit: Camera Press 21 Lady Gaga…
The sun has set on Nvidia earnings week. Time to close up shop and return in three months when it reports again because nothing else matters, right? Not quite. Grabbing the spotlight from Nvidia in the week ahead is the U.S. jobs market — plus, there are a few noteworthy earnings reports within the broader…
The next few weeks will give Wall Street a clear reading on whether this latest stock market rally will continue — or if it’s doomed to get derailed. Jobs reports, a key inflation reading and the Federal Reserve’s interest rate decision all hit over the next 14 trading sessions, setting the tone for investors as…
SANDY — Mortgage rates have hit their lowest level in nearly a year. According to Freddie Mac, the weekly average rate hit 6.58%, which hasn’t happened since October. The drop has sparked an increase in mortgage applications nationally, but is it making any real impact on buyers in Utah’s difficult housing market? Trevor Thompson, a…
SALT LAKE CITY — For the last three years, Alleyways Amplified has organized a fashion show to highlight fashion designers and artists in the Salt Lake City area. On Friday evening, though, it brought attention to more than music and fashion. The group held a fundraiser in conjunction with their show for employees impacted by…
Mass-hiring plans among China’s tech giants are serving to reinforce an increasingly popular decision among families for their college-bound children to embrace majors related to science and technology. The determination to capitalise on emerging trends, including a greater emphasis on fields related to artificial intelligence (AI), comes as China’s youth-unemployment rate – comprising 16- to…