Bank of America on Wednesday announced that it will be hiring nearly 4,000 summer interns and full-time recruits from campuses this summer as the nation’s second-largest bank looks to bring new talent into its workforce. The firm said in a release that the hiring plans are reflective of Bank of…
Companies in the private sector added 122,000 jobs in May, payroll processing firm ADP said in its latest report on Wednesday. The figure is above economists’ estimates of a gain of 117,000 jobs. The prior month’s payrolls number was revised lower to a gain of 105,000 from an initially reported…
Nissan is recalling more than 51,000 Kicks SUVs because a software defect can cause the dashboard display to go partially or completely blank, potentially preventing drivers from seeing critical vehicle information. The recall affects 51,598 model year 2025-2026 Nissan Kicks vehicles manufactured between June 24, 2024, and Jan. 9, 2026,…
Corporate leadership across America has seemingly lost faith in the current trajectory of the U.S. economy, swinging sharply from optimism to pessimism in just three months. The Conference Board Measure of CEO Confidence, in collaboration with The Business Council, conducted its quarterly survey of 141 CEOs and found that the…
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Americans who are retired or are approaching retirement and are evaluating their investment portfolios can turn to exchange-traded funds (ETFs) that…
As a parent, one thing I often try to emphasize to my kids is the importance of hard work. Study…
Three major hospital systems on Monday filed lawsuits accusing CVS Health and its subsidiaries of running a secret scheme that…
Stellantis on Thursday announced a $70 billion turnaround strategy that aims to refocus the automaker on core brands, partnerships and…
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American households saving money for their children’s educations can leverage tax-advantaged 529 accounts to make their dollars go further. 529 education savings accounts are typically opened by parents, guardians or grandparents for minor children and allow those savings to grow on a tax-deferred basis, and…
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The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month. Data from Realtor.com found that nationally, the share of active listings that carry a price reduction…
Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of U.S. locations, has abruptly closed all of its American restaurants after six years in the Chicago area. “All GYG USA restaurants permanently closed,” a message on the company’s U.S. website says. “Effective from May…
Americans who are planning to grill this Memorial Day weekend are likely to see prices notably higher for a number of barbecue staples as persistent inflation squeezes household budgets. The Bureau of Labor Statistics’ most recent consumer price index (CPI) inflation data from April showed that prices have risen significantly…
Kevin Warsh was sworn in as the new chair of the Federal Reserve by President Donald Trump in a ceremony at the White House on Friday. The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became the youngest-ever…
VANCOUVER – As the AI revolution continues to rapidly expand throughout the corporate world, many employees are facing “automation anxiety” that their job may be replaced by technology. Speaking on Centre Stage at Web Summit Vancouver, Kyle Hanslovan said, “I think many will be pressured in the next five years,…
Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.51% from last week’s reading of 6.36%. The average rate on a 30-year loan was 6.86% a year ago.…
Voters in Philadelphia passed a ballot measure on Tuesday that will create the country’s first city-run savings program for workers whose jobs don’t offer retirement benefits. The measure will create a new program called PhillySaves that allows private sector workers whose employers don’t sponsor retirement plans like a 401(k) to…
SpaceX on Wednesday submitted documents to move forward with its highly anticipated initial public offering (IPO), as the revolutionary company that’s pursuing the eventual colonization of Mars and deploying space-based AI data centers. The company, led by CEO Elon Musk, has grown into the world’s largest space business and is…
Federal Reserve policymakers were concerned about high energy prices contributing to inflationary pressures in the economy when they held interest rates steady last month, the minutes from the meeting show. The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy decisions, released the minutes of policymakers’ April…
The federal government is projected to run a budget deficit of at least $2 trillion this fiscal year, according to an estimate by the Treasury Department and bond market participants. Earlier this month, the Treasury released its quarterly refunding documents for the second quarter of the calendar year, which included…
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