International business services giant KPMG negotiated a lower fee for its annual audit, arguing that the auditor used artificial intelligence and therefore faced less expense in carrying out the complex task, people familiar told the Financial Times.
JOBLESS CLAIMS RISE MORE THAN EXPECTED
In the week ending 31 January, new claims for U.S. unemployment benefits grew by 22,000 to 231,000, the U.S. labor department reported.
HIRING REMAINED WEAK IN JANUARY, ADP FIGURES CONFIRM
The U.S. economy added an anemic 22,000 private sector jobs last month, net after quits and layoffs, according to payroll service ADP’s monthly report. ADP does not track government hiring.
THE LUXURY INDUSTRY’S KEY MARKET RETURNS, SORT OF
Chinese customers are once again shopping in the country’s luxury boutiques, but they are fewer in number and spending less, The Wall Street Journal discovered.
HOW TO REDUCE PFAS EXPOSURE AND MANAGE ITS EFFECTS
Reducing exposure through water filtration and mindful product choices can help lower long-term chemical burden and protect metabolic health.
JANUARY’S LAYOFFS THE MOST IN 17 YEARS
The 108,435 workers to be laid off in January was the most in any January since 2009 at the depth of the Great Recession, outplacement firm Challenger, Gray & Christmas reported.
U.S. CONSUMERS’ OUTLOOK SHINES A BIT BRIGHTER
Despite lingering concerns regarding inflation, tariffs, and the job market, U.S. consumer sentiment in the aggregate rose in February to its highest since last August.
GOING OUT OF BUSINESS TRENDS
Closures continue to hit the retail and restaurant industry due to rising costs and declining demand.
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Layoffs in January were the highest to start a year since 2009, according to outplacement firm Challenger, Gray and Christmas.
BITCOIN RATTLED AMID TECH-STOCK SELLOFF
Bitcoin, the world’s most popular cryptocurrency, came out limping after last week’s tech selloff, falling below $67,000, as industry insiders acknowledge that “sentiment has deteriorated sharply.”