November 20, 20240 Comments

Trump to interview Warsh, Rowan for Treasury job on Wednesday, Bloomberg News reports By Reuters

(Reuters) – U.S. President-elect Donald Trump is scheduled to interview former Federal Reserve Governor Kevin Warsh and Apollo Global Management (NYSE:) CEO Marc Rowan on Wednesday for the post of Treasury Secretary, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Financial Times separately reported on Tuesday that Rowan has emerged as a top contender for the Treasury job, citing several people familiar with the matter. The

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November 19, 20240 Comments

Warning retail job cuts ‘inevitable’ after NI tax rise in Budget

High Street job losses are “inevitable”, prices will rise, and shops will close as the result of the tax increases in the Budget and other rising costs, a group of the biggest retailers in the UK is warning. Tesco, Amazon, Greggs, Next, and dozens of other chains are urging the Treasury to reconsider some of the measures. In a letter to Chancellor Rachel Reeves, they said the “cumulative burden” of

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November 18, 20240 Comments

Seven-year-old coder Sergey gets job offer from Russian IT firm

A Russian software company has invited a seven-year-old coding prodigy to join its management team, as soon as he is old enough to take up paid employment. Sergey from the Russian city of St Petersburg has built a name for himself, uploading videos that explain how to write software since he was five. On the strength of those videos, the information security firm Pro32 sent him a written job offer,

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November 10, 20240 Comments

Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says

Private job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday. The payrolls processing firm said companies hired 233,000 new workers in the month, better than the upwardly revised 159,000 in September and far ahead of the Dow Jones estimate for 113,000. ADP said it was the best month for job

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November 8, 20240 Comments

Consumer confidence surges as election nears; job openings move lower

Consumers grew more optimistic about the U.S. economy heading into the contentious presidential election even as job openings hit multi-year lows, according to separate reports released Tuesday. The Conference Board’s consumer confidence index for October rose more than 11% to a reading of 138, its biggest one-month acceleration since March 2021. Along with that, the board’s expectations index of future conditions jumped nearly 8%, to a reading of 89.1 that

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