The U.S. has many economies, not just one. Consider how much the gains in worker pay can vary from city to city. Nationwide, workers in August got a 4.7% bump in gross pay compared to a year ago, while their base pay rose by an average of 3.2%, according to ADP Pay Insights. Yet wages…
Layoffs across the U.S. fell last month to their lowest level in four years, new labor data shows, a sign the job market remains resilient even as hiring slows. Employers announced 52,881 job cuts in August, down 38% from the 85,979 layoffs announced during the same month a year ago, according to a report from…
“Buy now, pay later” loans were originally promoted as a way to help consumers afford small purchases, such as electronics and clothing. Now, financial firms are also pushing the loans as a means for people to cover essential expenses, such as rent, groceries, electricity bills and even medical costs. Consumer advocates warn that using BNPL…
After a failed round of IVF this year, Anne Hug’s fertility doctor said she had a single polyp in her uterus that should be removed to improve the chance of pregnancy. Hug, a professor of radiology, learned that the American College of Obstetricians and Gynecologists says the procedure can be done in a doctor’s office…
Ernst & Young has seen the future, and it involves people doing what AI can’t. EY, one of the “Big Four” management consulting firms, said Monday it plans to award $100 million in bonuses to workers who demonstrate human skills, such as leadership, judgment, business acumen, collaboration and an ability to adapt. Although EY…
President Trump said Monday that his administration has signed agreements with nine additional pharmaceutical firms as part of an ongoing effort to lower consumer drug prices. “In total, these agreements are projected to save Americans more than $600 billion over a very short period of time,” Mr. Trump said during an announcement at the Oval…
Younger workers are more pessimistic and cynical about how artificial intelligence will affect their jobs than older employees, according to a recent survey. Generation Z Americans are the most critical of AI, with only a third of young employees speaking positively about its impact on the workplace, Glassdoor found in an analysis of workers’ attitudes…
Leading developers of the most powerful artificial intelligence tools are warning that their technology may soon be used to carry out sophisticated cyberattacks against companies and institutions, ranging from hospitals to technology firms. In an open letter published Thursday, the leaders of OpenAI, Anthropic, Google, Microsoft and dozens of other signatories said there is a…
London – Iranian-affiliated hackers successfully but temporarily took a power plant offline in the United Kingdom, according to multiple British media outlets. The Telegraph and Financial Times reported the attack, which they say happened in July but is only now being reported, is believed to be the first time Iranian-linked hackers managed to shut down…
Redfin and Zillow must amend a commercial agreement the real estate firms struck last year because it weakened competition in the home rental market and harmed consumers, federal regulators said on Monday. The settlement, announced Monday by the Federal Trade Commission, resolves an antitrust lawsuit the agency filed last year. The FTC alleged that Zillow paid…
