US Jobs

President Joe Biden‘s economic advisors have reportedly emphasized a commitment to safeguarding union jobs and domestic manufacturing in the U.S. steel industry, suggesting that Nippon Steel Corporation (OTC:NPSCY) may need to enhance its support for organized labor in order to finalize the ...

The Sovereign Debt Explosion Issue This was the most fascinating week I’ve seen in the sovereign debt market in decades. Sovereign debt is just a fancy name for government bonds. Are we looking at the beginning of a multi-country sovereign debt disaster? Plus, the Saudis extend an oil...

Hedge funds made $7 billion short selling banks last month. March was the single most profitable month for short sellers in the banking sector since the 2008 financial crisis. Market Prices as of 4 pm EST, 4/6/23 Macro The US Department of Defense is investigating what could be one of...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Tuesday that the electric vehicle maker is reducing the salaried workforce by 10% over the next three months, for the first time confirming a timeline for the reduction, adding that he expects the company's hourly workforce to grow instead. What...

Tesla Inc (NASDAQ: TSLA) received three million job applications from potential employees last year, the electric vehicle maker said in its 2021 Impact Report on Friday. What Happened: Austin, Texas-based Tesla said it hires a lot and has added 100,000 direct jobs in the last decade while receiving...

Cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) plans to add about 2,000 employees this year as it sees “enormous product opportunities” ahead for the future of Web 3.0 technologies. What Happened: Coinbase — which enables its users to trade in several cryptocurrencies...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Monday the electric vehicle maker is always looking to hire hardcore artificial intelligence engineers. What Happened: Musk took to Twitter to say the company is looking for AI engineers who are interested in solving problems that would directly affect...

United Airlines Holdings Inc (NASDAQ: UAL) Chief Executive Officer Scott Kirby and President Brett Hart in a statement to employees on Monday cautioned against optimism surrounding airline jobs getting restored by the U.S. COVID-19 economic stimulus. What Happened: United and American...

Amazon.com, Inc (NASDAQ: AMZN) is retrenching workers engaged in research and development and manufacturing at its delivery drone project — instead, seeking external assistance in bringing its ambitious plans to fruition, the Financial Times reported Wednesday.  What Happened:...

Starbucks Corporation (NASDAQ: SBUX) is revising the pay scale for all employees in the United States hired before Sept. 24, according to an internal memo reviewed by Business Insider. The decision is being seen as an attempt by the coffeehouse company to keep up with President-elect Joe...

Charles Schwab Corporation (NYSE: SCHW) announced 3% job cuts, or roughly 1,000 layoffs, from Charles Schwab and TD Ameritrade’s combined workforce on Monday. Schwab claimed it would extend support for the affected employees with reemployment assistance and severance benefits. What Happened:...

CVS Health Corp (NYSE: CVS) said Monday it plans to add 15,000 staffers on a priority basis, Bloomberg reports. A major portion of new hires would include licensed pharmacists, as the company prepares for the flu season, along with ramping up COVID-19 testing. What Happened:...

Apple Inc (NASDAQ: AAPL) supplier Hon Hai Precision Industry Co, Ltd (OTC: HNHPF), better known as Foxconn, failed to secure state tax credits at its Wisconsin facility for 2019 as it was unable to reach the slated job creation targets, Reuters reported Monday. What Happened:...