American employers added an unanticipated barrage of workers in May, reaffirming the labor market’s vigor. Defying expectations of a slowdown, payrolls grew by 339,000 on a seasonally adjusted basis, the
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The Treasury Paradox
Treasury bonds have been at the heart of the debt ceiling drama. For decades they have been viewed as the ultimate safe asset — the bedrock of the global financial
China Crosses a Flying Milestone but Remains in the Boeing-Airbus Grip
Millions of flights take off and land in China every year, almost all of them using planes made by Boeing and Airbus, the world’s two leading aircraft manufacturers. For years,
CEOs got smaller raises. It would still take a typical worker two lifetimes to make their annual pay. The Denver Post
After ballooning for years, CEO pay growth is finally slowing. The typical compensation package for chief executives who run S&P 500 companies rose just 0.9% last year, to a median
Larger Screens, Heated Seats, Sushi: Theater Owners Want You Back
More than three years after the pandemic slammed movie theaters, reducing the flow of new films and keeping patrons away, operators hope a slew of wide releases this summer will
China’s Young People Can’t Find Jobs. Xi Jinping Says to ‘Eat Bitterness.’
Gloria Li is desperate to find a job. Graduating in June with a master’s degree in graphic design, she started looking last fall, hoping to find an entry-level position that
Why Are Food Prices So High in Europe?
Britain Italy Germany +28% +17% +40% Britain Italy Germany +28% +17% +40% Britain Italy Germany +28% +17% +40% Agricultural and energy costs are falling, but basic items remain stubbornly expensive
Smile! We’ll Remember This Forced Fun Forever
Send questions about the office, money, careers and work-life balance to [email protected]. Include your name and location, or a request to remain anonymous. Letters may be edited. Not Into Group
Cathay Pacific Fights to Emerge From the Long Shadow of Covid
Few major airlines in the world were hit by the Covid pandemic as hard as Cathay Pacific, the flagship carrier of Hong Kong, or have labored so mightily to recover
Netflix Starts to Crack Down on Password Sharing
The great Netflix password crackdown has begun. The streaming giant sent out an email on Tuesday to U.S. members who are sharing their account with people living outside their household