Author: Press Room
The U.S. Bureau of Labor Statistics just reported that the U.S. added 818,000 fewer jobs over the last 12 months (through March) than they previously predicted. The -0.5% difference was reported in the preliminary estimate of the annual revision to the BLS employment series. Consumers won’t know the final numbers until February. The largest discrepancy occurred in the professional and business services sector, with the revision showing 358,000 fewer jobs than originally reported. The retail industry had the second-largest revision at 129,000 fewer jobs. Manufacturing came in third with 115,000 fewer jobs.The labor market isn’t in a dire place, but…
Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades.If a rate cut comes in September, as experts expect, it would be the first time officials have trimmed rates in over four years, when they slashed them to near zero at the beginning of the Covid-19 pandemic. Investors may be wondering what to do at the precipice of this policy shift.Those who are already well diversified likely don’t need to do much right now, according to financial…
You may have never heard of National Public Data, yet your personal information may have been compromised in the company’s recent massive data breach.The background check company, which is owned by Jerico Pictures Inc., recently released details of the breach after a proposed class action lawsuit alleged 2.9 billion personal records may have been exposed. Other reports suggest the amount of records leaked may have been more than 2.7 billion.In an official data breach notice filed in Maine, National Public Data indicated 1.3 million records may have been breached, said James E. Lee, chief operating officer at Identity Theft Resource…
As opening statements in the murder trial of Robert Telles began last week, the Las Vegas Review-Journal was confronted with a nightmarish question: How does a newspaper cover the trial of a suspect accused of murdering one of its own reporters? The once-unimaginable prospect is one the newspaper and its staff have faced for nearly two years after Telles, a 47-year-old former Clark County public administrator, was arrested and charged in the fatal stabbing of Review-Journal investigative reporter Jeff German. The shocking death of the veteran journalist came after the reporter spent months covering turmoil and allegations of harassment inside Telles’ office.…
Workday, Inc. (NASDAQ:WDAY) Q2 2025 Earnings Call Transcript August 22, 2024 4:30 PM ET Company Participants Justin Furby – VP of IRCarl Eschenbach – CEOZane Rowe – CFODoug Robinson – Co-President Conference Call Participants Kirk Materne – EvercoreKash Rangan – Goldman SachsMark Murphy – JPMorganBrent Thill – JefferiesBrad Sills – Bank of AmericaMichael Turrin – Wells FargoRaimo Lenschow – BarclaysKarl Keirstead – UBSAlex Zukin – Wolfe ResearchDerrick Wood – TD CowenBrad Zelnick – Deutsche Bank Operator Welcome to Workday’s Fiscal 2025 Second Quarter Earnings Call. At this time, all participants are in a listen-only mode. We will conduct a question-and…
Discount apparel retailer Ross has upgraded its guidance after exceeding Wall Street’s estimates for its second quarter, as low-income shoppers seek out deals to offset rising costs.The company reported profits of $1.59 per share last quarter, better than its own guidance and analysts’ expectations. It also raised its profit outlook for the full year to a range of $6 to $6.13 a share, up from $5.79 to $5.98 a share.“Delivering the great values that our off-price customers have come to expect from us is more important than ever, especially given the continued pressures they face from the high costs on…
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Democratic presidential nominee Kamala Harris is working hard to win the support of older voters, but what would she do to address their many concerns if she is elected president? In a campaign that has not yet shown many of its policy cards, Harris has offered only the roughest sketch of a governing agenda. But her time as vice president and senator provides some important clues. Among the issues she has addressed in some fashion: Paid family leave, more aggressively lowering the cost of Medicare drugs, unspecified Social Security reforms, tougher nursing home regulation, more funding for Medicaid home and…
A surprising jobs report released last week paired with a volatile Japanese market led to a massive selloff during Monday’s trading day, with both the Dow Jones and the S&P seeing their worst sessions since 2022. In the Bureau of Labor Statistics’ most recent employment report, only 114,000 jobs were added, down substantially from the previous month when 206,000 jobs were added. This sudden slowdown in employment has led to mounting concerns about an economic recession. The selloff, largely set off by the report, has some uncomfortable similarities to market crashes like the 1987 Black Monday stock market crash and…
Check out the companies making headlines after the bell: Cava Group — The fast-casual restaurant brand saw shares climb nearly 6% in after hours trading following a better-than-expected earnings report. Cava posted a profit of 17 cents per share, or 4 cents above the LSEG estimate. Its revenue also came in above expectations.Uber — Shares of the ride-sharing platform fell about 3% after the company and General Motors’ Cruise announced a multiyear partnership. The embattled autonomous vehicle company plans to offer driverless rides to Uber users as soon as next year. GM shares rose more than 1% after hours.Ross Stores — The…
