News

U.S. labor market tightening; mid-Atlantic manufacturing cools

WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions. The sign on a Taco Bell restaurant advertises “Now Hiring Managers” in Fitchburg, Massachusetts, U.S., June 12, 2018. REUTERS/Brian Snyder Other data on Thursday showed a moderation in…

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Money

Companies need older workers: here is why

CHICAGO (Reuters) – The demographic trend is no secret: the populations of the United States and other major industrial countries are getting older, and fast. That means workforces are aging too, but employers are doing surprisingly little to prepare to meet the challenges or adapt to employees’ needs. FILE PHOTO: Office workers…

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News

What trade war? FAANGs scale new highs

(Reuters) – Four of the five so-called FAANG stocks – Facebook, Alphabet, Amazon and Netflix – surged to all-time highs on Wednesday, with only Apple spoiling a perfect scorecard. FILE PHOTO: A 3D-printed Facebook like button is seen in front of the Facebook logo, in this illustration taken October 25, 2017. REUTERS/Dado…

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News

Nasdaq climbs to record; Dow capped by trade concerns

NEW YORK (Reuters) – The Nasdaq closed at a record on Wednesday, lifted by a climb in large-cap tech and consumer discretionary names, while the Dow and S&P 500 were hemmed in as concerns over an escalation in the U.S.-China trade skirmish simmered. The Dow Jones Industrial Average fell 42.41 points, or…

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