The U.S. economy added 528,000 jobs last month and the unemployment rate fell to 3.5%, tying the pre-pandemic low, the Bureau of Labor Statistics said Friday.
Category Archives: business
Higher prices are hitting these communities the hardest
Latinos and Blacks are impacted more by the rise in inflation, according to the Federal Reserve Bank of New York.
Employers added 528,000 jobs in July, more than doubling expectations
Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday.
Amazon to acquire maker of Roomba vacuum for roughly $1.7 billion
iRobot, founded in 1990 by Massachusetts Institute of Technology roboticists, is best known for making the Roomba, a robotic vacuum that can clean consumers’ floors autonomously.
HBO Max and Discovery+ will combine into a single streaming service
HBO Max and Discovery+ will merge into a single streaming service.
U.S. mortgage rates drop below 5% for the first time in 4 months
U.S. mortgage rates have continued their decline, falling below 5% for the first time since April.
Woman denied car loan sues Equifax after hers and millions others had credit scores affected by glitch
Equifax is facing a class-action lawsuit following a report that millions of credit scores had been incorrectly reported due to a technical glitch.
Walmart lays off corporate employees after slashing forecast
Walmart has begun to lay off corporate employees, the company confirmed Wednesday, about a week after it slashed its profit outlook.
Craft breweries are starting to shut down due to nationwide carbon dioxide shortage
Craft breweries across America have been on the front lines of businesses facing higher material costs due to inflation.
Dow rallies 400 points as investors cheer strong U.S. economic data, earnings
U.S. stocks rallied Wednesday, as traders cheered better-than-expected economic data that slowed down the idea that a recession is inevitable.