Jobs growth in the US slowed sharply in October as hurricanes and strikes disrupted the economy. Employers added 12,000 jobs last month, much lower than the 223,000 created in September, according to the Labor Department. But while hiring slowed, the unemployment rate held steady at 4.1%. The closely watched figures, which give an indication about … Read more
Employers added just 12,000 jobs in October — far slower growth than expected — for the lowest job total since December 2020 as devastating hurricanes and a major strike across US ports crushed jobs, according to government data. Economists surveyed by Dow Jones had expected payrolls to expand by 100,000, which still would have been … Read more
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images On Starbucks’ fourth-quarter earnings call, newly installed CEO Brian Niccol told investors he needed to spend more time in China to understand the challenges. The company’s same-store sales in the country plummeted 14% as foot traffic and the … Read more
Wicked, Gladiator II, and Moana 2 Movie Posters. Sources: Universal (L), Paramount (C) and Disney (R) Three heavyweight Hollywood blockbusters will face off at the box office in November, each vying for audience attention, ticket sales and time on theaters’ biggest screens. Universal‘s “Wicked,” Paramount‘s “Gladiator II” and Disney‘s “Moana 2” arrive in cinemas within … Read more
Chipotle said that it has been consistently offering “generous portions” in an effort to satisfy the customers who complained on social media that they were getting skimped on the size of their servings. Interim CEO Scott Boatwright told analysts on Tuesday that proof is on the company’s social media platforms, where he said people are “posting big … Read more
Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition. Exxon earned $8.6 billion, or $1.92 per share, for the three months ended Sept. 30. A year earlier the Spring, Texas-based company earned $9.07 billion, or $2.25 per share. The performance … Read more
Home sales will “jump” at the beginning of next year as people try to buy before the rise in stamp duty, one of the UK’s biggest lenders has predicted. From March 2025, changes introduced in Wednesday’s Budget mean many will pay the tax when they would not have done previously. Nationwide said this would affect … Read more
DUBAI, United Arab Emirates — Colm McLoughlin, an Irishman who landed in the deserts of the United Arab Emirates and helped lead Dubai Duty Free into becoming an airport retail behemoth generating billions of dollars, has died. He was 81. McLoughlin ran Dubai Duty Free from 1983 until he retired earlier this year, a span … Read more
See if you can solve this arithmetic problem: Oliver picks 44 kiwis on Friday. Then he picks 58 kiwis on Saturday. On Sunday, he picks double the number of kiwis he did on Friday, but five of them were a bit smaller than average. How many kiwis does Oliver have? If you answered “190,” congratulations: … Read more
WASHINGTON — Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day. The view, though, is likely to be obscured by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The Labor Department … Read more