___ A surprising burst of US hiring in January: 517,000 jobs WASHINGTON (AP) — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation’s worst inflation bout in four decades. The job market hasn’t been cooperating. Consider what happened in January: The government reported Friday that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969. The job gain was so large it left economists scratching their heads and wondering why the Fed’s aggressive interest rate hikes haven’t slowed hiring at a time when many foresee a recession nearing. ___ An unexpected job surge confounds the Fed’s economic models WASHINGTON (AP) — Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the economy’s robust job gains out of concern that employers, desperate to hire, will keep boosting pay and, in turn, keep inflation elevated. But January’s blowout job growth coincided with an actual slowdown in wage growth. And it followed an easing of numerous inflation measures in recent months. The past year’s consistently robust hiring gains have defied the […]

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The owner of Disc Heroes tells KGW the burglars got away with a lot of inventory — primarily comics and Magic: The Gathering cards. PORTLAND, Ore. — Comics, Magic: The Gathering cards and disc golf equipment is what Portlanders can find inside Disc Heroes , a shop owned and operated by John Thomas and his wife, in Southeast Portland. "I call myself semi-retired," Thomas said. "You don’t get rich doing this, but it’s what I love to do." That says a lot consider the events of the last few weeks. Thomas said his store located near the intersection of SE 162nd Avenue and Division Street has been broken into three times since mid-January. "I think they’re an organized crime ring of some sort," Thomas said. The work of the organized crime ring, as Thomas calls it, was captured on security cameras mounted inside and outside the store. Thomas said that over the course of the three break-ins the burglars got away with a lot of inventory. "It was well over $30,000 but I don’t want to give specific numbers because we’re still working with insurance companies but it was well over $30,000 in profit," Thomas said. "I get a […]

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Meta, Amazon, Microsoft and Alphabet posted earnings this week. Meta, Amazon, Microsoft and Alphabet’s severance packages will cost up to $4.7 billion. The tech giants have collectively laid off tens of thousands of workers over the past few months. Google parent company Alphabet will have the highest severance cost, at a maximum of $2.3 billion. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Big tech firms are accruing billions in costs from exit packages as mass layoffs continue to sweep the industry. Meta, Amazon, Microsoft and Alphabet will collectively spend up to $4.7 billion on severance costs alone, earnings reports posted this week show. Meta’s severance costs totalled $975 million for the fourth quarter, but it said some of the cost will be offset by "decreases in payroll, bonus and other benefits expenses." Facebook’s parent company axed more than […]

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Satya Nadella, CEO of Microsoft. A Microsoft software engineer said in a LinkedIn post she had many unanswered questions after being laid off. Lupe Canaviri Maydana wondered "where will I be living" as she is running against the clock. Maydana is on an H-1B visa – she has a grace period of 60 days before she needs to depart the US. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . A Microsoft software engineer of nearly two years was among the company’s 10,000 laid-off workers in January and said it left her with many unanswered questions. Lupe Canaviri Maydana, from Seattle, Washington, wrote in a Monday LinkedIn post — a week after learning she’d been let go — that there had been a "lot of things to process" including the daunting thought of where she would be living. "This change […]

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Everything’s coming up in favor of business this week. Or is it? The state had a record number of new businesses filing to start up last year. Fourth quarter, in fact, had the highest number of new entity filings in more than a decade, according to Colorado Secretary of State data. They increased 37.2% in the fourth quarter from a year ago, coming in at 48,806. Prior to 2021, filings were typically in the high 20,000s or low 30,000s each quarter. Colorado had its biggest year for business startups in 2022. Fourth quarter hit a record with 48,806 new entity filings, according to the Colorado Secretary of State. As economic growth slowed last year, economists theorized that people were looking for alternatives or side gigs to earn money so they started a business. For better or worse, the numbers kept growing. The ( red bars ) show fourth quarters that had fewer new business filings than the previous year while ( green bars ) show annual growth. Another indicator? The number of companies dissolving also increased in the fourth quarter by 17%, while those that were late or delinquent with their paperwork also grew 9.7%. The uptick could be […]

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International Business Machines Corporation ( NYSE:IBM ) stock is about to trade ex-dividend in four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company’s books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn’t show on the record date. Accordingly, International Business Machines investors that purchase the stock on or after the 9th of February will not receive the dividend, which will be paid on the 10th of March. The company’s next dividend payment will be US$1.65 per share. Last year, in total, the company distributed US$6.60 to shareholders. Looking at the last 12 months of distributions, International Business Machines has a trailing yield of approximately 4.8% on its current stock price of $136.94. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and […]

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New York CNN — Super Bowl LVI was the crypto world’s coming out party. Buzzy firms made bold pitches last year, and shelled out millions of dollars on ads encouraging viewers not to be afraid of this new-fangled digital investment — and for God’s sake don’t miss out on this exciting opportunity! You can expect a lot less noise from Team Crypto during Super Bowl LVII next Sunday. In the year since those celebrity-packed ads debuted, the entire crypto industry has been rattled by acollapse in digital asset values. Bankruptcies began to pile up over the summer. Then the real pain started. Of the four crypto or crypto-affiliated companies that advertised in the Super Bowl last year, one (FTX) has collapsed completely. The others (Coinbase, Crypto.com and eToro) have fought against industry headwinds. Shares of Coinbase, the only publicly traded company in the group, have fallen more than 60% since its “floating QR code” ad became one of the most talked-about spots. Coinbase says it will halt operations in Japan Don’t expect any of those companies to be back this year. FTX is bankrupt and under criminal investigation by federal prosecutors. Etoro, a multi-asset trading platform, confirmed to CNN […]

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While inflationary fear and slowing consumer spending are among the top external worries among retailers, the No. 1 internal concern is the ongoing workforce shortage, and the difficulty retailers are having attracting and retaining employees. According to the National Retail Federation, workforce insiders and economists say the problem will be around for a while even though one in four U.S. jobs is in retail at 52 million. As retailers continue to be challenged by a frontline workforce shortage, Coresight Retail warns that the balance of power is shifting from capital and profits to labor. The U.S. Department of Labor reported on average, retail added 16,000 jobs per month over 2022, less than half of 2021’s figure of 35,000 per month. December’s retail numbers, while an improvement, also provide insight into the evolution of the retail industry. Though some significant retailers are slashing jobs, related segments are opening up positions. In addition, while some more discretionary retail areas have been hit hard, other elements are making progress. “The last few years have placed a significant amount of pressure and demand on frontline workers, yet organizations continue to face challenges in supporting and retaining this critical segment of the workforce,” said […]

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Illustration by Alex Castro / The Verge Twitter wants to cash in on businesses on the platform by charging them $1,000 per month to keep their gold checkmarks, according to a report from The Information . As noted by The Information , brands who don’t pay the $1,000 per month fee will lose their gold badges, although it’s unclear when that will happen. Internal messages viewed by the outlet also reveal that Twitter’s looking to tack on an extra $50 per month charge to add badges to each account affiliated with the business. This aligns with a screenshot posted by social media consultant Matt Navarra , which shows what appears to be an email between Twitter product manager Evan Jones and an unnamed business. “As an early access subscriber, you’ll get a gold checkmark for your organization and affiliation badges for its associates,” the email reads. “If you’d like to subscribe, Verified for Organizations is $1,000 per month, and $50 per additional affiliated handle per month with one month of free affiliations.” Twitter is reportedly emailing businesses offering gold check mark verification for $1000 PER MONTH! And affiliate account verification for $50 each per month pic.twitter.com/hohTPKLKdi — Matt Navarra […]

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Hammered down by reasons such as sky-high inflation, rising interest rates by Fed, layoffs, and recessionary fears, the tech-heavy Nasdaq Composite plunged 15.4% over the past year. However, with a rising inclination toward the adoption of advanced digital technology, the industry is well-positioned to witness considerable growth . Moreover, investment management firm Allianz Global Investors believe that the potential peaking of interest rates this year could bode well for the tech sector and pose an attractive entry point for investors. Furthermore, the global information technology market is forecasted to grow from $8.18 trillion in 2022 to $12 trillion in 2027 at a CAGR of 7.9%. Against this backdrop, fundamentally strong tech stocks having major growth opportunities, Vishay Intertechnology, Inc. ( VSH ), TTM Technologies, Inc. ( TTMI ), and Cambium Networks Corporation ( CMBM ), might be solid buys in 2023. Vishay Intertechnology, Inc. ( VSH ) VSH manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. The company operates through six segments: Metal Oxide Semiconductor Field Effect Transistors (MOSFETs); Diodes; Optoelectronic Components; Resistors; Inductors; and Capacitors. On February 1, 2023, VSH introduced a new Automotive Grade series of vPolyTan™ surface-mount polymer tantalum […]

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