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Tech layoffs exceed 240,000 in 2023
More than 240,000 global technology-sector employees have been laid off since the start of the year, according to data compiled by the website Layoffs.fyi.…
Starbucks disagrees with union over its ‘solidarity with Palestine’ post
Starbucks on Wednesday criticized a message by its union about Hamas’ terrorist attack on Israeli civilians.
The union, Starbucks…
Oil and gas prices are climbing again as supply risks multiply
Global energy prices are finishing the week the way they started — shooting higher as a cocktail of risks to supply have put investors on…
CPI report shows headline inflation for September was hotter than forecast on rising shelter costs
The numbers: U.S. consumer prices climbed 0.4% in September, the Labor Department said Thursday. While the pace is softer than the 0.6% gain in the prior…
‘Pony up’: In strategic shift, UAW says added strikes could come ‘at any time’
UAW President Shawn Fain said the union would not expand its strike against the Big Three automakers on Friday, but that the UAW stood ready…
Jobless claims stay below 210,000 for fourth straight week
The numbers: Initial jobless claims were flat at 209,000 in the week ended Oct. 12, the Labor Department said Thursday. Economists polled by The Wall…
Explosive claims about the Israel-Hamas war are going viral. But the truth is not always so simple
Editor’s Note: A version of this article first appeared in the “Reliable Sources” newsletter. Sign up for the daily digest chronicling the evolving media…
Krugman says the war on inflation is over. Not so fast, others say.
New York Times columnist and Nobel Prize–winning economist Paul Krugman declared the war on inflation over Thursday, but other economists are saying, “Not so…
Israeli billionaire blasts Harvard leadership and quits board in protest
Israeli billionaire Idan Ofer and his wife Batia are quitting a Harvard executive board in protest of how university leaders have responded to…
Fed’s Collins says rise in bond yields could reduce the need for further interest-rate hikes
The recent rise in long-term bond yields could obviate the need for further interest-rate hikes, Boston Federal Reserve Bank President Susan Collins said on…