Finance
China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales slump grow
Key Points China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the pandemic. Authorities announced they would allocate 300 billion yuan ($41.5 billion) in ultra-long special government bonds to expand an existing trade-in and equipment upgrade policy. The policy at least doubles the subsidies for new energy […]
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Job seekers are sour on the cooling labor market
Key Points Job seekers are feeling less confident about their ability to land a new gig. The labor market has cooled from a red-hot pace in 2021 and 2022. The unemployment rate has increased and businesses aren’t hiring as readily. While data suggest the labor market remains strong, further cooling could be troublesome, economists said. […]
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Stocks making the biggest moves midday: Lamb Weston, Tesla, Enphase Energy and more
Check out the companies making headlines in midday trading. Lamb Weston –The potato and French-fry company tanked 27% after issuing a disappointing report for the fiscal fourth quarter. Lamb Weston generated adjusted earnings of 78 cents per share on $1.61 billion of revenue. Wall Street analysts were looking for $1.26 per share in earnings on […]
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Here’s why you may get a smaller pay raise next year
Key Points The typical worker will get a 4.1% annual raise for 2025, down from 4.5%, according to a WTW survey. That growth is still high relative to the recent past. Company pay increases are largely dictated by supply-and-demand dynamics in the labor market. The job market has cooled from a scorching level in 2021 […]
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Stocks making the biggest moves premarket: Alphabet, Tesla, Texas Instruments, Meta Platforms and more
Check out the companies making headlines in premarket trading. Alphabet — Shares of the Google parent-company slipped nearly 4% before the opening bell. Advertising revenue in Alphabet’s YouTube segment undershot expectations in the second-quarter and overshadowed results that beat analyst estimates on the top and bottom line. Tesla — Stock in the electric vehicle company […]
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Stocks making the biggest moves after hours: Alphabet, Tesla, Visa and more
In this article TXN COF STX V TSLA GOOGL Follow your favorite stocksCREATE FREE ACCOUNT A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in […]
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Stocks making the biggest moves midday: Spotify, United Parcel Service, Pentair and more
Check out the companies making headlines in midday trading: Spotify Technology — Shares surged 12% after the music streaming company posted better-than-expected second-quarter earnings. Gross margin and operating income also surpassed expectations. Analysts said they remain cautiously optimistic despite softness in monthly active user counts, pointing to strong margin performance and the company’s focus on […]
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Stocks making the biggest moves premarket: Spotify, General Motors, Coca-Cola and more
Check out the companies making headlines before the bell: Spotify Technology — The music streaming stock surged 13% after Spotify Technology posted second quarter earnings that topped estimates. Gross margin also exceeded expectations, along with operating income. General Motors — The auto stock jumped 4.6% after General Motors easily topped second-quarter estimates. GM also said […]
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A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
Key Points Rana Robillard, chief people officer at software startup Tekion, was tricked into sending her life savings to a criminal. What happened to Robillard, a 25-year veteran of tech companies, speaks to the increasingly sophisticated nature of cybercrime. Real estate, with its large transaction sizes and frequent use of wire transfers, has proven to […]
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