There’s weakness in the labor market, as more Americans applied for jobless benefits last week. What’s the outlook for the economy? A new report says the global chip shortage could cost carmakers much more than initially thought. How bad could it be? Hundreds of Chinese companies could be delisted from American stock exchanges, as the…
JPMorgan Predicts Weak Jobs Recovery as Fed Officials Mull Policy Moves Around Stimulus
A JPMorgan model for forecasting job creation in the U.S. economy predicts another weak number for September, on the back of a reduction in consumer spending in sectors like travel and leisure. The predictive model, created by the bank’s quantitative research team, projects September’s nonfarm payrolls number to come in at 333,000. While that would be…
Renault Plans 2,000 Job Cuts in France as It Moves to Electric Cars
PARIS—French carmaker Renault said on Thursday it would cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions. The loss-making group, which has already announced around 4,600 job cuts in the country as part of a broad restructuring, said in a statement it was…
Amazon Eyes 125K More Hires, $18+ per Hour Average Salary
Amazon wants to hire 125,000 delivery and warehouse workers and said Tuesday that it is paying new hires an average of $18 an hour in a tight job market as more people shop online. Competition for hourly workers has become fierce, and many companies are offering higher pay, sign-on bonuses and other incentives. Last week,…
NTD Business Leaders (Sept. 12)—Arthur Laffer: Government Spending and America’s Economic Future
Dr. Arthur Laffer is known as the father of supply-side economics. He designed the famous Laffer Curve that showed that higher taxes don’t necessarily mean higher tax revenue for the government. A chief economist at the Office of Management and Budget in the 1970s and later an economic adviser to President Ronald Reagan and President…
NTD Business Full Broadcast (Sept. 8)
Businesses across the country struggling to hire workers, with the overall economy seeing record number of job openings. The highly anticipated Elizabeth Holmes trial begins today, what’s she accused of and what’s her lawyer saying in her defense? Is Facebook reading your Whatsapp messages? A new investigation says it is, despite the company repeatedly saying…
Restaurant Jobs Hard to Fill in the US as Delta Variant Surges
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data shows restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP virus and a…
Restaurant Jobs in the US Take Hard Hit as Delta Variant Surges
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data shows restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP virus and a…
Restaurant Jobs Hard to Fill in the US During Pandemic
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data show restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP (Chinese Communist Party)…
Delta Variant Threatens Survival of Already Precarious Restaurants
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data show restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP (Chinese Communist Party)…
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