The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers has waned slightly, according to new data from Vanguard. The hires rate for the bottom third of workers by income (who earn less than $55,000 a year) was 1.5% in March, where it has largely […]Read More
The Dow Jones Industrial Average jumped Friday for its best session of the year, as investors wrapped up a strong month after the Federal Reserve’s preferred inflation measure came in largely around expectations. The blue-chip Dow climbed 574.84 points, or 1.51%, to 38,686.32, lifted by Salesforce and UnitedHealth’s respective advances of 7.5% and 2.8%. The S&P 500 added 0.80% to 5,277.51. The Nasdaq […]Read More
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. The personal consumption expenditures price index excluding food and energy costs increased just 0.2% for the period, in line with the Dow Jones estimate, […]Read More
Top proxy adviser Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package and withhold their support from the re-election of News Corp. scion James Murdoch to the automaker’s board. Tesla’s shareholder meeting is on June 13. The report, a copy of which was obtained by CNBC, comes after […]Read More
The Supreme Court on Thursday unanimously found a New York state official likely violated the free speech rights of the National Rifle Association by pressuring banks and insurers to cut ties with the gun-rights organization after the Parkland, Fla., high school massacre in 2018. Justice Sonia Sotomayor, writing for the justices, said the court was […]Read More
The jury in former president Donald Trump’s Manhattan criminal trial continued to deliberate Thursday, with a verdict possible at any moment. And as we await that crucial decision, efforts to pre-spin the verdict by Trump and his allies have kicked into high gear. But as has long been the case, many of their complaints about […]Read More
President Biden has accused Donald Trump of imitating Adolf Hitler, denounced him as a beacon of “hate, anger and revenge” in a prime-time speech watched by one in 10 Americans and built a campaign that spends nearly three times as much as his rival, including about $84 million more so far in general election advertising. […]Read More
Repeated mishaps with the Pentagon’s Gaza pier have triggered new scrutiny over whether it is safe and sensible to continue using the floating operation to bring humanitarian aid to starving Palestinians, with the Biden administration insisting it can salvage the mission and former military officials split on whether doing so is wise. Deliveries over the […]Read More
There is a reason that numbers nerds tend to like elections and sports: Each involves competition that can be tracked in intimate detail through data. There’s a human element, sure, voters voting and athletes athleting. But those activities aggregate into scads of data emerging over decades — data that can be pored over, reformed, dug […]Read More
NEW YORK — A New York jury on Thursday found Donald Trump guilty on 34 counts of falsifying business records to conceal a hush money payment to an adult-film actress, delivering a historic verdict that could shape the November election and that makes Trump the first former U.S. president convicted of a crime. The verdict […]Read More
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