New York (AP) — Looking for a new job is a balancing act: Some people change roles for a shorter commute or better salary, others want health insurance or flexible schedules, and still others are looking to work in a new or different industry. Hiring is booming in the U.S. — the economy added 528,000…
NEW YORK (AP) — Tens of thousands of flyers had their travel plans upended Friday after airlines canceled about 1,400 U.S. flights as thunderstorms hit the East Coast. Another 6,300 flights had been delayed by early evening, according to tracking service FlightAware. It was the second straight day of major disruptions and the worst day…
By Devik Jain and Noel Randewich (Reuters) – Wall Street stocks fell on Friday, weighed down by Tesla and other technology-related stocks after a solid jobs report torpedoed recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation. Data showed U.S. employers hired far more workers than expected…
New York (AP) — Chelsie Church was working as a manager at a Colorado Taco Bell when she found out workers at a nearby Pizza Hut were earning more than $1 an hour more than she was. Her attempts to negotiate a raise were unsuccessful, so she kept hunting for another job, eventually finding one…
NEW YORK (AP) — July’s jobs report was a stunner, in more ways than one. Despite raging inflation and anxiety about a possible recession, employers created 528,000 jobs last month, more than double market expectations. That’s the fastest pace of hiring since February. While the monthly jobs report is always highly anticipated, the July report…
By Rithika Krishna (Reuters) – Canopy Growth Corp posted another core loss on Friday, denting investor hopes that the cannabis producer would turn profitable anytime soon, sending its shares down 8%. The company’s quarterly gross margin was impacted by a decline in production, lower prices in the Canadian recreational business, a shift in business mix…
DETROIT (AP) — Two crashes involving Teslas apparently running on Autopilot are drawing scrutiny from federal regulators and point to a potential new hazard on U.S. freeways: The partially automated vehicles may not stop for motorcycles. The National Highway Traffic Safety Administration sent investigation teams to two crashes last month in which Teslas collided with…
By Akash Sriram (Reuters) – Amazon.com Inc will acquire iRobot Corp, maker of robotic vacuum cleaner Roomba, in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its stable of smart home devices. Amazon will pay $61 per share, valuing iRobot at a premium of…
(Reuters) – Pfizer Inc is in advanced talks to buy drugmaker Global Blood Therapeutics for about $5 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter. (Reporting by Amruta Khandekar; Editing by Aditya Soni)
NEW YORK (AP) — Amazon on Friday announced it has agreed to acquire the vacuum cleaner maker iRobot for approximately $1.7 billion, scooping up another company to add to its collection of smart home appliances amid broader concerns from anti-monopoly and privacy advocates about Amazon’s market power and ability to gain deeper insights into consumers’…
