U.S. labor market stabilizing as layoffs abate

U.S. labor market stabilizing as layoffs abate
WASHINGTON (Reuters) – U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy’s recovery from the COVID-19 pandemic will be slow. FILE PHOTO: A job seeker (L) talks with a corporate recruiter (R) as he peruses the man’s resume at a Hire Our Heroes job fair targeting unemployed military veterans... Read More

U.S. labor market appears to stabilize as private payrolls fall less than expected

U.S. labor market appears to stabilize as private payrolls fall less than expected
WASHINGTON (Reuters) – U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy’s recovery from the COVID-19 pandemic will be slow. FILE PHOTO: A job seeker (L) talks with a corporate recruiter (R) as he peruses the man’s resume at a Hire Our Heroes job fair targeting unemployed military veterans... Read More

After Facebook staff walkout, Zuckerberg defends no action on Trump posts

After Facebook staff walkout, Zuckerberg defends no action on Trump posts
SAN FRANCISCO (Reuters) – Facebook (FB.O) CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in... Read More

H&M closes U.S. stores amid protests, says it stands behind black community

H&M closes U.S. stores amid protests, says it stands behind black community
FILE PHOTO: The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar/File Photo STOCKHOLM (Reuters) – H&M, the world’s second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.... Read More

Micron raises third-quarter revenue forecast

Micron raises third-quarter revenue forecast
FILE PHOTO: Micron Technology’s solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019. REUTERS/Stephen Nellis (Reuters) – Micron Technology Inc (MU.O) raised its revenue forecast for the third quarter on Wednesday to a range of $5.2 billion to $5.4 billion from $4.6 billion to $5.2 billion, sending its shares... Read More

Factbox: Where do Trump and Biden stand on tech policy issues?

Factbox: Where do Trump and Biden stand on tech policy issues?
(Reuters) – U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, a day after Twitter Inc (TWTR.N) for the first time added a fact-checking label to some of his tweets about mail-in ballots. U.S. President Donald Trump speaks about negotiations with pharmaceutical companies over the cost of insulin for U.S. seniors on Medicare at... Read More

Business groups push Trump to keep skilled-worker visas amid pandemic

Business groups push Trump to keep skilled-worker visas amid pandemic
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay/File Photo WASHINGTON (Reuters) – A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow... Read More

Senators attempt to advance bill lengthening coronavirus business loan terms

Senators attempt to advance bill lengthening coronavirus business loan terms
FILE PHOTO: U.S. Sen. Susan Collins (R-ME) wears a mask while participating in the Senate Committee for Health, Education, Labor, and Pensions hearing on the coronavirus disease (COVID-19) response, in Washington, U.S., May 12, 2020. Win McNamee/Pool via REUTERS WASHINGTON (Reuters) – Negotiators in the U.S. Senate reached agreement on Thursday on legislation that would double the period of time... Read More

U.S. labor market struggles as layoffs spread despite businesses reopening

U.S. labor market struggles as layoffs spread despite businesses reopening
WASHINGTON (Reuters) – Millions more Americans filed for unemployment benefits last week, more than two months after a shutdown of the country to deal with the coronavirus crisis, pointing to a second wave of layoffs in industries not initially impacted by closures caused by the pandemic. The Labor Department’s weekly jobless claims report on Thursday, the most timely data on... Read More

White House panel: Build new tech infrastructure for future jobs

White House panel: Build new tech infrastructure for future jobs
WASHINGTON (Reuters) – A White House advisory panel on Tuesday will call for the government and private industry to work together to build new technological infrastructure to support future jobs and provide the underpinnings critical to a solid economic recovery from the coronavirus pandemic, an official briefed on the plans said. FILE PHOTO: People who lost their jobs wait in... Read More