Long Holiday Weekend Follows Jobs Data as Fed Hike Chances Seem to Recede
false>> view originalSlower Growth in Jobs Report May Give Fed Pause on Interest Rates
“You have many young, inexperienced workers joining the work force today, and many older workers at the peak of their earnings retiring,” said Andrew Chamberlain, chief economist at Glassdoor Economic Research. “That churning is pulling the average wage down.” Diversity in wage growth is wide. “Most of the best gains are in skilled jobs, like tech, health care and finance,” Mr. Chamberlain said. “There are very poor wage gains in many blue-collar professions, especially manufacturing and energy..>> view originalLowest Labor Day gas prices in 12 years good for wallet, bad for roads
Millions of Southern Californians are expected to take to the road this Labor Day weekend, spurred by record-low gas prices for the summer holiday. According the Automobile Club of Southern California, Labor Day gas prices haven't been this low since 2004, when the TV show "Friends" had just aired its final episode, Britney Spears was marrying for the second time and a little website called Facebook launched — open only to college students. While prices are slightly higher in Los Angeles than l..>> view originalRetailers scramble as shipper bankruptcy puts goods in limbo
Retailers scramble as shipper bankruptcy puts goods in limbo Anne D'innocenzio and Robert Jablon, Associated Press September 2, 2016 Photo: Damian Dovarganes, STF South Korea's Hanjin Shipping Co. containers are seen in the Port of Long Beach, Calif., on Thursday, Sep 1, 2016. The bankruptcy of the Hanjin shi..>> view originalIreland Joins Forces With Apple to Combat the EU Tax Ruling
Ireland’s cabinet agreed on Friday to join Apple aapl in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker, despite misgivings among independents who back the fragile coalition. The Commission’s ruling this week that the U.S. tech giant must pay up to 13 billion euros ($14.5 billion) to Dublin has angered Washington, which accuses the EU of trying to grab tax revenue that should go to the U.S. government. With transatlanti..>> view originalChinese regulators are reviewing Uber-Didi and Dreamworks-Comcast deals
Chinese government regulators have launched investigations into two closely watched takeovers: local ride-hailing giant Didi Chuxing’s acquisition of Uber China and Comcast Corp’s bid for DreamWorks Animation.Shen Danyang, a spokesman for the Ministry of Commerce, said Friday that the agency’s antitrust department has already met twice with Didi and "demanded that it explain the circumstances of the deal, why it hadn't reported [the deal], and to submit documents and materials pertaining to a l..>> view originalSpaceX scouring data for clues to launch pad explosion
Smoke rises from a SpaceX launch site Thursday, Sept. 1, 2016, at Cape Canaveral, Fla. NASA said SpaceX was conducting a test firing of its unmanned rocket when a blast occurred. (AP Photo/Marcia Dunn). SpaceX is scouring computer and video data for ...>> view originalChina, US Join Climate Deal; Obama Hails Work to Save Planet
HANGZHOU, China รข€” Setting aside their cyber and maritime disputes, President Barack Obama and China's President Xi Jinping on Saturday sealed their nations' participation in last year's Paris climate change agreement. They hailed their new era of climate cooperation as the best chance for saving the planet.At a ceremony on the sidelines of a global economic summit, Obama and Xi, representing the world's two biggest carbon emitters, delivered a series of documents to U.N. Secretary-General Ba..>> view originalDelta says it lost $100 million in revenue due to big outage
ATLANTA (AP) — Delta Air Lines Inc. said Friday that last month’s computer outage, which caused it to cancel 2,300 flights, cost $100 million in lost revenue. The airline also said that a key revenue per mile figure fell sharply in August, partly because of the outage. A fire and failure of a piece of equipment at Delta’s Atlanta headquarters on Aug. 8 caused a massive outage of the airline’s computer systems, temporarily grounding flights and leading to three days of heavy cancellations and de..>> view originalSorry, Folks, But Wall Street Won't Predict the Next President
These days, political journalists (including us) are all taking a pickaxe to the same election coverage problem. With polling so obviously in need of an update, where do you turn for a credible assessment of public opinion? People are unearthing new theories all the time, so you end up with a newsfeed awash with articles touting brand new, unconventional sourced data. Trouble is, not every bird in an the election prediction coal mine is a canary. Which brings us to this week’s hot would-be poll..>> view original
Wednesday, September 14, 2016
Long Holiday Weekend Follows Jobs Data as Fed Hike Chances Seem to Recede and other top stories.
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