Since the start of the pandemic, companies have increasingly had to take a hard look at what they offer employees in terms of compensation, benefits and work-life balance, particularly as a wave of workers have left their jobs or looked for better ones. And some businesses are considering another new benefit: Time off for employees…
US stocks trimmed sharp losses seen early Friday after a much stronger than expected reading on July employment reinforced expectations for the Federal Reserve to keep aggressively raising interest rates in its bid to rein in inflation. What’s happening The Dow Jones Industrial Average DJIA, -0.27% fell 20 points, or 0.1%, to 32,707. The S&P…
The macroeconomic storm is playing out as a tale of two consumers, if recent earnings reports are any indication. While various consumer-oriented companies have indicated pressures on lower-end buyers that have weighed on results, some businesses catering to the higher end of the income stream have pointed to a “premium” focus as the key reason…
After a particularly stressful workweek, Jane Tafel told her husband, Mark, “I just don’t want to work this hard anymore.” She had a rewarding job as vice president of development at a community and workforce nonprofit in Minneapolis. Still a couple of years shy of 60, she planned to work indefinitely. But she often found…
Shares of Block Inc. fell 6% in after-hours trading Thursday after the payment-technology company swung to a loss in an earnings report that seemed to cause some controversy about whether the company actually beat or missed expectations on several key metrics. Block SQ, +1.85%, which somewhat recently changed its corporate name from Square, posted a…
Read More “Block stock drops after earnings, as Square’s parent company swings to a loss” »
Zillow Group Inc. is almost done selling all the homes it bought in a flurry that led to a flameout of its iBuying business, but its plans for the future led to shares plunging in extended trading Thursday on a disappointing forecast. Zillow ZG, +0.21% Z, +0.59% on Thursday reported second-quarter earnings of $8 million,…
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also…
Read More “Lost money from $4.5 million crypto wallet exploit? Here’s what you should do” »
Have you noticed how many national political commentators are using the dismissive term “gerontocracy” these days? Gerontocracy is shorthand for stereotyping mostly Democratic Party leaders in their 70s and 80s as out of touch (they’re old) and in decline (they’re so old). Take a handful of recent column headlines drawn from a variety of publications….
“I want to know if I can retire,” Marie said, dropping her investment file on my desk and sitting down across from me. She was typical of many preretirees everywhere, trying to figure out when they could stop working. When I was a financial planner, many of my clients, like Marie, thought this was an…
Read More “When can you retire? This beginner’s guide can help you find the answer.” »
The global tally of new cases of COVID-19 fell 9% in the week through July 31, according to the World Health Organization, but the trend did not hold for the US, which saw new cases climb 2%, increasing more sharply than in any country but Japan. The US added 923,366 cases, according to the agency’s…
