BUSINESS
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‘Low-hire, low-fire’ economy grinds on as lower-than-expected jobless claims suggests layoffs aren’t spiking
The number of Americans applying for unemployment benefits declined last week in a sign that overall layoffs remain low, even…
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Six-figure earners are ‘living the illusion of affluence’ while privately struggling
Even Americans earning six figures are feeling squeezed as the rising cost of living forces those in top income brackets…
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South Korean banks offer baby bonuses, flexible schedules, and years-long sabbaticals while U.S. women leave the workforce in droves
Working women across the world continue to face wage inequality and a rollback in leadership representation—and the “motherhood penalty” makes…
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FTC data confirms job offer text scams are 4 times more common now and have cost job seekers almost $300 million
Hello there! We are recruiters with a charming daily newsletter looking for qualified readers to earn $700,000 per crossword puzzle…
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43-year-old democratic socialist who’s never held elected office unseats Seattle Mayor in another win for affordability politics
First-term Seattle Mayor Bruce Harrell conceded his reelection fight to progressive activist Katie Wilson on Thursday, handing another victory to…
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Coinbase and stablecoin startup BVNK call off $2 billion acquisition
One of the largest deals ever for a stablecoin startup has fallen through. Coinbase and the U.K.-based BVNK have called…
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Walmart Thanksgiving meal basket is 25% cheaper but has half as many items as last year
With Thanksgiving less than three weeks away, the question of how much this year’s turkey and trimmings will cost looms…
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Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade
Bank of America’s annual spending on new, strategic technology initiatives, which includes investments in artificial intelligence, has increased by 44%…
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Government shutdown also threatens home heating aid for millions of low-income families
Jacqueline Chapman is a retired school aide who relies on a $630 monthly Social Security check to get by. She…
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Goldman Sachs survey says only 11% of companies are actively linking layoffs to AI—but the real shock is yet to come
While the latest wave of AI-linked layoffs has put job seekers—and even the Federal Reserve—on high alert, a new survey…
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