The job market showed a mixed but generally steady pattern this week, as hiring activity continued at a measured pace while employers remain cautious about long-term commitments.
Tag: Economy
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GOING OUT OF BUSINESS TRENDS
Closures continue to hit the retail and restaurant industry due to rising costs, declining demand, shifting consumer habits and online shopping.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market continues to be shaped by economic uncertainty, technological change, AI and shifting worker expectations.
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SPOTLIGHT: BIGS GETTING BIGGER
Four investment managers have pooled resources to buy AES, a Virginia-based electric power producer operating in 14 countries.
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DESPITE TARIFFS, U.S. TRADE DEFICIT REMAINS NEAR RECORD LEVEL
A key purpose of Donald Trump’s tariffs was to minimize, or even eliminate, the U.S. trade deficit.
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OPEC+ BOOSTS OIL OUTPUT MODESTLY AS MARKET TIGHTENS
On 1 March, OPEC+ agreed to add 206,000 barrels a day to the world’s oil supply, beginning next month, to offset the effective shutdown of the Strait of Hormuz, a 21-mile-wide throat of water that connects the Persian Gulf to the Red Sea off the Iranian coast.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The global employment landscape continues to undergo profound disruption as companies across industries adapt to economic pressure, technological transformation, and shifting consumer behavior.
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SPOTLIGHT: BIGS GETTING BIGGER
Spanish bank Banco Santander has agreed to pay about $12.3 billion in cash and stock to take over Webster Financial, a Connecticut bank with roughly $80 billion in assets and 177 branches throughout the New York City region and in Massachusetts and Rhode Island.
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TOP TREND 2024: EV GO FU
Stellantis – the Amsterdam-based conglomerate that owns Chrysler, Dodge, Jeep, Maserati, Ram, and 11 other passenger vehicle brands – is writing down the value of its electric vehicle (EV) operations by €22.2 billion for 2025, or about $26.5 billion as its transition to electric mobility has stalled out.
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KPMG WANGLES DISCOUNT ON ITS AUDIT, CLAIMING AI CUT THE COST
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.