Category Archives: BUSINESS

Dow jumps over 450 points, clinches 8th straight weekly gain

Stocks surged on Friday amid increasing hopes for a U.S.-China trade deal as equities posted another solid weekly gain. The Dow Jones Industrial Average jumped 443.86 points to 25,883.25 as J.P. Morgan Chase and Goldman Sachs outperformed. The S&P 500 gained 1.1 percent to close at 2,775.60, led by the energy and industrials sectors. The Nasdaq Composite advanced 0.6 percent

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Labor Unions Fear ‘Green New Deal’ a Job Killer

Labor unions say they are withholding support for a Green New Deal unveiled by Democrats last week to transition the American economy away from fossil fuels, arguing the loosely-defined plan could kill jobs if its architects aren’t careful. The cool response from unions underscores the challenge facing Democratic presidential hopefuls who support aggressive action on climate change but must also

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Cryptocurrency investors locked out of $190m after exchange founder dies

About $190m in cryptocurrency has been locked away in a online black hole after the founder of a currency exchange died, apparently taking his encrypted access to their money with him. Investors in QuadrigaCX, Canada’s largest cryptocurrency exchange, were unable to access their funds after its founder, Gerald Cotten, died last year. According to a court filing first reported by

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Hispanic Unemployment Rate Hits Record Low in December

The national seasonally-adjusted unemployment rate for Hispanics and Latinos in the U.S. labor force hit its lowest level on record in December of 2018, U.S. Bureau of Labor Statistics (BLS) datareleased Friday show. In December, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.4%, down from 4.5% in November – tying its record low of 4.4%

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Manufacturing posts best calendar year for job gains since 1997

The manufacturing industry posted net job gains of 284,000 over 2018, capping its best calendar year since 1997. A priority for President Donald Trump, manufacturing saw marked hiring in December with an additional 32,000 jobs. Most of the gains occurred in blue-collar durable goods manufacturing, with growth in fabricated metals and computer and electronic products, the Labor Department said in

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US employers went on a surprising hiring spree in December

U.S. employers went on a hiring spree in December, adding a surprising 312,000 jobs and providing a dose of reassurance about the economy after a turbulent few months on Wall Street. The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week.

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