JOB

United Airlines to halt service at New York’s JFK airport in October

WASHINGTON, Sept 30 (Reuters) – United Airlines (UAL.O) said on Friday it will suspend service in late October to New York’s John F. Kennedy Airport (JFK). Earlier this month, United had threatened to take the action if the Federal Aviation Administration (FAA) did not grant the air carrier additional flights. United has been flying just …

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Elon Musk set to showcase Tesla’s humanoid robot after delay

SAN FRANCISCO, Sept 30 (Reuters) – Tesla (TSLA.O) CEO Elon Musk has said a robot business will be worth more than its cars, and on Friday investors, customers and potential workers expect to see a prototype at Tesla’s “AI Day ” that could prove whether the bot named “Optimus” is ready for work. The robot …

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China’s factory, services surveys suggest economy struggling to rebound

China Sept official manufacturing PMI above forecast Private survey shows factory activity contracted sharply Services sector activity growth slowed in Sept – official survey COVID curbs, softening foreign demand, property weakness weigh BEIJING, Sept 30 (Reuters) – China’s factory activity added out growth in September, but a slowdown in services sector growth and a downbeat …

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US weekly jobless claims hit five-month low; economic picture darkening

Weekly jobless claims drop 16,000 to 193,000 Continuing claims decrease 29,000 to 1.347 million Second-quarter GDP contraction unrevised at 0.6% rate Gross domestic income revised down towards GDP WASHINGTON, Sept 29 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor market remains …

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Amazon raises hourly pay for warehouse and transportation workers

Sept 28 (Reuters) – Amazon.com Inc’s warehouse and transportation workers will receive an increased average starting share of more than $19 per hour from $18, the world’s largest online retailer said on Wednesday. The wage hike would help the company attract and retain workers in a tightening US labor market as the peak season for …

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Inflation fight can avoid deep pain, Atlanta Fed president says

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne Register now for FREE unlimited access to Reuters.com register WASHINGTON, Sept 25 (Reuters) – Atlanta Federal Reserve President Raphael Bostic said on Sunday he still …

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Goldman Sachs cuts 2022 target for S&P 500 by 16%

People wearing masks, following the coronavirus disease (COVID-19) outbreak, are seen near an electronic board showing Dow Jones and S&P 500 stock indexes, at the Lujiazui financial district in Shanghai, China November 9, 2020. REUTERS/Aly Song/File photo Register now for FREE unlimited access to Reuters.com register Sept 23 (Reuters) – Goldman Sachs has cut its …

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US labor market resilient as recession signals grow stronger

Weekly jobless claims increase 5,000 to 213,000 Continuing claims drop 22,000 to 1.379 million WASHINGTON, Sept 22 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive interest rate increases. The weekly unemployment …

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Tesla recalls nearly 1.1 million US vehicles to update window reversing software

Register now for FREE unlimited access to Reuters.com register WASHINGTON, Sept 22 (Reuters) – Tesla (TSLA.O) is recalling nearly 1.1 million US vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told the National Highway Traffic SafetyAdministration (NHTSA) it would …

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Canada’s real problem is not job losses, it’s the rush to retire

Register now for FREE unlimited access to Reuters.com register OTTAWA, Sept 11 (Reuters) – More than a year after the Great Resignation took hold in the United States, Canada is grappling with its own grayer version: The Great Retirement. Canada’s labor force grew in August, but it fell the previous two months and remains smaller …

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