The numbers: The number of Americans who applied for unemployment benefits last week rose to a three-week high of 198,000, but they are still extremely low and show little sign of rapidly accelerating layoffs. New U.S. applications for benefits increased by 7,000 from 191,000 in the prior week, the...
The federal government’s efforts to backstop the banking system, and deals found to put SVB Financial and Signature Bank in new ownership, seems to have stabilized the financial sector, and calmed markets. Joseph Abate, an interest-rate strategist at Barclays, says the Federal Reserve’s establishment of the Bank Term Funding...
Dear Moneyist, My two sons are in their 30s and both well educated and have rewarding jobs. They save well and spend within their means, for which I’m very grateful. They each want to buy a home, for which saving is an almost Sisyphean effort, as one lives in...
Siemens Energy AG has placed its first so-called green bond, raising 1.5 billion euros ($1.63 billion) that will be used to refinance existing debt of its wind-turbine unit Siemens Gamesa Renewable Energy. The German energy-technology company ENR, +1.34% said late Wednesday that the bond has two tranches of EUR750...
The political climate in France has been running hot, with weeks of disruptive protests and strikes in reaction to a bump higher in the pension-collection age. Over an intense few days, Israel’s economy, including its major airport, was hobbled by a broad work stoppage that made frenemies of business...
Economic experts on Wednesday told the California reparations task force that their calculations of the harms to descendants of enslaved people, which total at least $800 billion, do not constitute an estimate for planned reparations in the state. Speaking in Sacramento, Calif., during the first day of a two-day...
Former Starbucks CEO Howard Schultz on Wednesday faced harsh criticism from lawmakers for the chain’s alleged efforts to discourage employees from unionizing, but he avoided committing to deeper negotiations with the union and repeatedly denied that the coffee chain had broken the law. In a hearing before the U.S....
Hours after former Chief Executive Howard Schultz was accused of union-busting in front of a congressional committee, Starbucks Corp. disclosed Wednesday that investors have asked for a third-party assessment of the coffee chain’s commitment to worker rights. According to Starbucks’ SBUX, +1.92% filing with the Securities and Exchange Commission...
Federal banking regulators, in their second day of testimony on Capitol Hill on Wednesday, emphasized their plans to investigate what went wrong on the government side in the failure of Silicon Valley Bank earlier in March. Members of the House Financial Services Services Committee met with key officials from...
Baby boomers are dominating the housing market, both in terms of buying and selling homes, according to a new report. Boomers are once again the biggest generation. Their share of selling rose to 52% in 2022 from 42% in 2021, according to an annual report by the National Association of...
