Jobs & Career News
U.S. Health and Human Services Secretary Kathleen Sebelius is resigning after overseeing the botched rollout of President Barack Obama's signature healthcare law, a White House official said on Thursday.
The Democratic-led U.S. Senate passed a bill on Monday to restore expired jobless benefits for 2.4 million Americans who have been out of work for at least six months.
Federal Reserve Chair Janet Yellen said on Monday the U.S. central bank's "extraordinary" commitment to boosting the economy, especially the still struggling labor market, will be needed for some time to come.
A growing number of Americans quitting the labor force are likely gone for good, offering a cautionary note to the Federal Reserve as it tries to gauge how tight the jobs market is and how quickly to raise interest rates.
The U.S. unemployment rate will fall below 6 percent by the end of this year, a Federal Reserve official said on Wednesday, offering a bullish view on the country's economy after central bank comments sent shock waves through financial markets last week.
U.S. consumer spending rose in February, in the latest sign that the economy was regaining strength after being chilled by bad weather.
U.S. employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit a new five-year low of 6.6 percent.
The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the underlying trend suggested the labor market continued to heal.
Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Friday.
Canadian stock index futures pointed to a lower open on Friday following the release of weaker-than-expected U.S. and Canadian employment data.
The U.S. Congress begins what promises to be another highly combative year on Monday with a showdown over a White House-backed bid to renew unemployment benefits for 1.3 million Americans.
The number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly a month, a hopeful sign for the labor market, while holiday retail sales rose in November and December.
The number of Americans filing new claims for unemployment aid unexpectedly fell last week, but continued weakness in business spending on capital goods suggested slower economic growth in the fourth quarter.
New York State said it finalized an agreement with the U.S. government on Monday allowing it to reinvest $8 billion of federal money in its health insurance system for low income people while avoiding potentially painful cuts or additional budget strain.
U.S. consumer prices rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low.
U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York said on Monday.
As General Electric Co (GE.N) starts spinning off its consumer credit card business, some on Wall Street are hoping that the U.S. industrial conglomerate will eventually slim down its GE Capital finance unit even further.
There are many enterprises out there trying to separate you from your tax refund - from splurges such as airlines tickets for a celebratory vacation or for good purposes, like putting it all in a college savings account.
TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings.
U.S. producer prices recorded their largest increase in nine months in March as the cost of food and services surged, pointing to some pockets of inflation at the factory gate.
Wells Fargo & Co, the biggest U.S. mortgage lender, reported a better-than-expected 14 percent rise in first-quarter net profit as it set aside less money to cover bad loans.
Search and rescue officials in Australia are confident they know the approximate position of the black box recorders from missing Malaysia Airlines Flight MH370, Australian Prime Minister Tony Abbott said on Friday.
Younger investors may have drawn the right conclusion about the great financial crisis - that they were scammed - but their defensive reaction will simply add self-inflicted wounds to existing injuries.
The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in almost seven years, which could bolster views of an acceleration in job growth after a cold winter dampened hiring.
A newly discovered bug in widely used Web encryption technology has made data on many of the world's major websites vulnerable to theft by hackers in what experts say is one of the most serious security flaws uncovered in recent years.
The last six weeks have been rough for investors who jumped into 2013's big stock market winners like Netflix and Facebook, only to see their share prices crater.
European banks are still lagging behind the U.S. banking industry, which has almost completely recovered from the global financial crisis, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N), told French newspaper Le Figaro.
Toyota Motor Corp, in its second-largest recall announcement, said on Wednesday that it would call back 6.39 million vehicles globally after uncovering five different faults involving parts ranging from steering to seats.
As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales. And that may spell trouble for already-softening margins.
Amazon.com Inc launched a new product named Amazon Dash on Friday that allows the user to add groceries and household goods to their shopping lists using the company's AmazonFresh service.
President Barack Obama's plan for overhauling the National Security Agency's phone surveillance program could force carriers to collect and store customer data that they are not now legally obliged to keep, according to U.S. officials.
Ducking a new case on the divisive issue of campaign finance, the U.S. Supreme Court on Monday rejected a challenge to an Iowa law that bans corporate contributions in state elections.
U.S. employers hired at a brisk pace last month and ramped up the hours their workers put in on the job, the strongest signals yet the economy was breaking free of its winter doldrums.
The dollar backed away from early gains and declined against other major currencies on Friday even though U.S. data showed solid jobs gains for a second straight month.
McDonald's announced on Friday it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all the U.S. fast food chain's outlets in Russia to be shut.
Mozilla Chief Executive Brendan Eich has stepped down, the company said on Thursday, after an online dating service urged a boycott of the company's web browser because of a donation Eich made to opponents of gay marriage.
The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday.
On a politically focused trip aimed at revving up his base and raising cash, President Barack Obama on Wednesday urged supporters to help Democrats keep control of the U.S. Senate and declared this year to be his last campaign.
When Nat Rothschild, the co-founder of troubled miner ARMS, insulted his former investment partner on Twitter last week, he showed the power of social media for business leaders seeking publicity - but also the perils of saying the wrong thing.