Job openings fell more than expected in July in another sign of labor market softening
The closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month.
Former Mt. Gox CEO Mark Karpeles to launch EllipX crypto exchange
Mark Karpeles to launch EllipX crypto exchange in Europe. EllipX will comply with EU MiCA regulations, offering a crypto-only platform at launch. Former Mt. Gox...
Hormel Foods’ earnings dinged by continued pressure on whole-bird turkey prices
Austin, Minn.-based Hormel has been beset by lower prices for whole bird turkeys this year, as well as a production interruption at a Planters facility...
Nordstrom confirms buyout bid received from members of the founding family
The buyout bid values Nordstrom at $3.76 billion.
Volvo backtracks from plan to sell only electric vehicles by end of the decade
Volvo Cars said concerns about tariffs, the withdrawal of government incentives, and a lack of charging infrastructure had led to it weakening ambitions it first...
Core & Main’s stock drops 13% as earnings and revenue fall short
Core & Main Inc.’s stock fell about 13% on Wednesday after the St. Louis-based water, wastewater and drainage-supply distributor’s earnings fell short of analyst estimates...
Fed’s Bostic: Economy is ‘losing momentum’ but there is no sense of looming crash or panic from business leaders
“Right now, I am not quite prepared to declare victory over inflation,” Bostic says.
Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting
Bostic signaled that he is ready to start lowering rates even though inflation is still running above the Fed's target.