The federal government on Wednesday hit Amazon.com Inc. with worker-safety related citations and penalties at three more warehouses, two weeks after issuing citations at the company’s warehouses in three different states. The latest citations are the result of the Occupational Safety and Health Administration’s investigation of Amazon AMZN,...
The median forecasts in this calendar come from surveys of economists conducted by Dow Jones Newswires and The Wall Street Journal.All statistics in this calendar are in expressed in nominal terms unless labeled "real." "Real" statistics are inflation-adjusted using the most relevant deflator. "SAAR" means seasonally adjusted annual rate.Click...
The numbers: A key barometer of American factories contracted for the third month in a row to 47.4% and touched the lowest level since early in the pandemic, signaling a loss of momentum in the U.S. economy as it entered the new year. The Institute for Supply Management’s manufacturing...
Jay Farner is Chief Executive Officer and Vice Chairman of the Board for Rocket Companies. Jay has been with Rocket Mortgage – a part of Rocket Companies and the nation’s largest mortgage lender – since 1996. Jay is also the CEO for Rocket Central – the centralized hub...
Eurozone inflation eased more than expected in January, reaching an eight-month low, but price pressures persisted beyond energy as the European Central Bank gets ready for further interest-rate increases. Consumer prices rose 8.5% in January compared with the same month a year earlier, down from a 9.2% increase in...
By Cecilia Butini Novartis AG on Wednesday posted lower sales and profit as it took a hit from generic medicines competition and higher restructuring costs, but increased its dividend for 2022. The Swiss pharma major posted net profit of $1.47 billion, down from $16.31 billion the year prior,...
The biggest increase in employer-paid wages in the last quarter of 2022 — a pay raise of 1.6% — was in the U.S. economy’s information sector. And that was an acceleration from the previous quarter. The overall increase in the employment-cost index, or ECI, which includes wages and...
President Joe Biden will end the twin national emergencies for addressing COVID-19 on May 11, as most of the world gets closer to normalcy nearly three years after the emergencies were first declared, the Associated Press reported.  The move would formally overturn the federal response to the virus and...
U.S. stocks finished in the green on Tuesday as the Nasdaq cemented its best January performance since 2001 amid a broad-based rally in equities that saw some of 2022’s worst performers take the lead. The S&P 500 SPX gained 58.83 points, or about 1.5%, to finish January at...
Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chip maker’s data-center sales gained and executives forecast sales of more than $5 billion to start 2023, even as cloud-customer demand begins the year light. AMD shares AMD rose 3% after hours, following a 3.7%...