Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending
Best Buy also reaffirmed its guidance for the fiscal year, saying it expects softer demand for consumer electronics.
Russia’s Gazprom rallies by over 20% after bumper profit and dividend announcement
Russian gas giant Gazprom posted a record first-half profit on Tuesday and promised new dividends to shareholders.
Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs
The firm, which allows users to spread the cost of purchases over interest-free installments, saw a jump in operating expenses and defaults.
Lululemon jumps after it boosts outlook and posts strong earnings beat
Lululemon reported second quarter earnings after the bell on Thursday.
Job openings top 11.2 million in July, well above estimate and nearly double the available workers
Available positions totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate, according to the JOLTS report.
Steve Hanke says we’re going to have one ‘whopper’ of a recession in 2023
"The problem we have is that the [Fed Chair Jerome Powell] does not understand ... what the causes of inflation are and were," said the...
Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report
Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report.
Jobless claims total 232,000, the lowest level in two months
Claims totaled 232,000 for the week ended Aug. 27, a decline of 5,000 from the previous period and the lowest since June 25.
Here’s where the jobs are for August 2022 — in one chart
Professional and business services and health care were bright spots for the labor market in August.