Faced with a sluggish job market, American workers got a bit of good news yesterday, with the release of the latest jobs report. Employers added 130,000 jobs in January—more job growth than the economy has seen in months—and the unemployment rate dropped ever-so-slightly to 4.3%. But not all workers stand to benefit equally from this…
The average long-term U.S. mortgage rate is holding at just above 6% after reversing a modest uptick in recent weeks, just as the housing market closes in on the spring homebuying season. The benchmark 30-year fixed rate mortgage rate slipped to 6.09% from 6.11% last week, mortgage buyer Freddie Mac said Thursday. One year ago,…
China moved on Thursday to curb a fierce price war among automakers that has caused massive losses for the industry, after passenger car sales dropped nearly 20% in January from the year before, the fastest pace in almost two years. The State Administration for Market Regulation released guidelines for manufacturers, dealers, and parts suppliers aimed at preventing a…
Think about how many emails you receive each day. Then how many of those include the phrase “please find attached” in the body. One X user has made a plea to retire the phrase, a relic leftover from a time when business communication relied on typewritten letters posted in envelopes, which actually included attached documents…
For most of modern finance, one number has quietly dictated who gets ahead and who gets left out: the credit score. It was a breakthrough when it arrived in the 1950s, becoming an elegant shortcut for a complex decision. But shortcuts age. And in a world driven by data, digital behavior, and real-time signals, the…
Ukrainian skeleton athlete Vladyslav Heraskevych, a likely medal contender at the Milan Cortina Games, was barred from racing Thursday after refusing a last-minute plea from the International Olympic Committee to not use a helmet that honors more than 20 athletes and coaches killed in his country’s war with Russia. The decision came roughly 45 minutes…
A little known security feature on iPhones is in the spotlight after it stymied efforts by U.S. federal authorities to search devices seized from a reporter. Apple’s Lockdown Mode recently prevented FBI agents from getting into Washington Post reporter Hannah Natanson’s iPhone. Agents seized the phone, as well as two MacBooks and other electronic devices,…
An Idaho-based beef processing facility is recalling about 22,912 pounds of raw ground beef over concerns that the products might be contaminated with E. coli O145. The company, CS Beef Packers in Kuna, issued the recall following testing by the U.S. Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS), according to a recall…
When the iPhone first introduced apps in 2008, a feverish gold rush followed. New APIs and design standards made it easier to make software—even by non-coders. The question became: Could you create a small experience, perhaps something as simple as a fart button app, that could make you a million dollars in a weekend? (And while…
For many Black tech founders, raising venture capital is often positioned as the ultimate milestone. It signals that your idea is validated, your business is taken “seriously,” and opportunities begin to take shape. As the managing partner of an early stage VC firm, and a 3X Black tech founder that speaks and meets with thousands…
