Economy

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‘Dirty Jobs’ Host Mike Rowe: It’s Time to Rethink Society’s Definition of a ‘Good Job’

The “Dirty Jobs” host says society must rethink its perceptions of higher education and skilled trades to address the current labor shortage.

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Police Warn Parents About iPhone’s New ‘NameDrop’ Feature

The feature, which can be exploited by predators, comes turned on by default, but can be disabled.

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US Dollar Listless as Markets Brace for Post-Thanksgiving Buzz

LONDON—The U.S. dollar began the last week of November on the back foot and was on track for its biggest monthly drop in a year as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates. A postponed OPEC+ meeting, the release of the Federal Reserve’s tracked measure […]

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Elon Musk’s Brain Implant Coming: What Are the Risks?

Elon Musk’s brain implant promises to be available to the average person and eliminate a host of ailments. Learn what’s involved.

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Dollar Eases in Thin Black Friday Trading on Bets Rates Have Peaked

LONDON/SINGAPORE—The dollar slipped on Friday as investors bet U.S. interest rates have peaked, while the yen edged higher after Japan’s core consumer price growth picked up, reinforcing views that the Bank of Japan (BOJ) may soon roll back monetary stimulus. With U.S. markets closed on Thursday for the Thanksgiving holiday and due for a shorter […]

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US Mortgage Interest Rates Fall to 2-Month Low

The average interest rate on the most popular U.S. home loan fell last week to its lowest level in two months as Treasury market yields, which act as a benchmark for mortgage rates, continued to move lower on the back of cooling inflation and a softening economy. The average contract rate on a 30-year fixed-rate […]

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Euro Bounces as Investors Cling to Sliver of Positive Eurozone Data

LONDON—The euro rose on Thursday for the first time this week, after data suggested the downturn in the eurozone economy may be starting to ease, although holidays in the United States and Japan kept trading activity muted. With markets shut in Japan and the United States for Thanksgiving holidays, currencies traded with some volatility, as […]

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Dollar Edges Up From 2–1/2 Month Low After Fed Minutes

LONDON—The dollar rebounded from a 2–1/2 month low on Wednesday as the minutes from the Federal Reserve’s last meeting hinted that interest rates would likely remain restrictive for some time, even as the rate-hike cycle appeared to be over. The Fed minutes showed the central bank would proceed “carefully” and that “all participants judged it […]

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Yen Jumps and Dollar Slips as Traders Eye Interest Rate Tweaks

LONDON/SINGAPORE—The yen rallied against the dollar for a fourth straight session on Tuesday as investors positioned for the possibility that the Bank of Japan will tighten monetary policy next year while the Federal Reserve loosens. The dollar hit its lowest level since mid-September at 147.16 yen and was last down 0.61 percent at 147.45. More […]

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Amazon Launches Free AI Courses for Millions Amid Growing Demand for AI-Savvy Workforce

Amazon plans to train and educate millions of people across the globe on artificial intelligence (AI) for free, the company announced on Nov. 20. The tech giant plans to offer the free training amid what it says is a growing need for an AI-savvy workforce, according to a press release. The company cited a recent study […]

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Musk Responds to Allegations of Anti-Semitism: ‘Nothing Could Be Further From the Truth’

Tech billionaire Elon Musk on Sunday criticized “bogus media stories” for allegations that he was anti-Semitic, following his response to a controversial social media post last week. “This past week, there were hundreds of bogus media stories claiming that I am antisemitic,” Mr. Musk wrote in a post on X, formerly known as Twitter. “Nothing […]

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‘New Years’ Nightmare’: IRS Targets Gig Workers, Sends 30 Million New Tax Forms

The agency is charging new taxes on Americans who make a side income of more than $600 from activities like online selling or freelance work.

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Oil Prices Slip on US Crude Build and China Demand Worries

Oil prices edged lower on Thursday, extending losses from the previous session as signals of higher supply from the United States met concern over lacklustre energy demand from China. Brent futures were down 23 cents at $80.95 a barrel by 1101 GMT. U.S. West Texas Intermediate crude (WTI) shed 27 cents to $76.39. Both benchmarks […]

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US Postal Service Reports $6.5 Billion Net Loss for 2023 Fiscal Year

WASHINGTON—The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968. The Postal Service said revenue fell 0.4 percent to $78.2 billion results. U.S. Postmaster General Louis DeJoy said […]

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Oil Dips on Prospect of Peak US Production, Despite Strong Demand Signals

LONDON—Oil prices dipped on Wednesday amid signs the United States, the world’s biggest oil producer, is at peak production, offsetting positive crude demand signals from top consumer China. Brent futures were down 29 cents to $82.18 a barrel at 1207 GMT, while U.S. West Texas Intermediate (WTI) crude was down 32 cents to $77.94. China’s […]

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Dem Rep Issues Stunning Warning to Her Party: Polls Showing Trump Loss in 2020 Are Dead Wrong

“I’ve been literally begging people to ignore those polls.”