NEW YORK (AFP) – Wall Street stocks finished mostly lower on Friday (Aug 5) after better-than-expected US jobs data raised expectations for more aggressive Federal Reserve actions to tighten monetary supply. The US economy added 528,000 jobs in July, more than twice the expected number, while the unemployment rate dipped to the pre-pandemic low of […]
DALLAS (BLOOMBERG) – Walmart is eliminating about 200 corporate jobs as it contends with rising costs, bloated inventories and weakening demand for general merchandise. The cuts include staffers in last-mile delivery and merchandising, said people familiar with the matter. Walmart will also add an unspecified number of jobs in areas such as e-commerce, health and […]
WASHINGTON (REUTERS) – Another blowout jobs number will likely stiffen resolve at the United States Federal Reserve for a 75 basis points interest rate increase at the central bank’s July meeting, as the welcome news of a still-strong job market clashes with concern that it will eventually have to cool to ease inflation. The US […]