U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
America’s ranks of retirement fund millionaires are surging, with the number of 401(k) accounts managed by Fidelity Investments holding at least $1 million surging to a record 769,000 in the second quarter. The number of 401(k) millionaires jumped 19% between the first and second quarters, lifted by a bullish stock market and by record average…
Kathmandu, Nepal — Rescuers in Nepal pulled two workers alive from a hydropower tunnel Friday as emergency teams continued an operation to reach others believed to be trapped inside, officials said. The two men were rescued from the Trishuli 3A tunnel nine days after floods, likely caused by a glacier collapse, devastated towns and swept…
Boston — A federal judge on Thursday pressed the Justice Department on the Trump administration’s plans to impose new regulations for mail voting just weeks before the November midterms and echoed concerns that the measures could result in the disenfranchisement of voters. Lawyers for the government and a group of Democratic-led states, joined by voting…
Washington — The federal government will shift into using artificial intelligence in the interview process for some job applicants in the coming days, according to U.S. officials. Not all federal agencies will immediately use AI to interview job seekers, but the technology will be tested on the so-called Tech Force, an initiative started eight months…
Leon Black, an investor and former close associate of Jeffrey Epstein who was subpoenaed to appear before Congress on Thursday instead filed a lawsuit to contest the subpoenas compelling him to testify and provide documents to the House committee investigating the notorious sex abuser. Black was subpoenaed in June after he abruptly left a voluntary…
“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…
Treasury yields edged higher on Tuesday, extending a global bond sell-off and threatening to raise borrowing costs for millions of Americans. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.78%, up from 4.75% late Monday and the highest level since January 2025. The yield on the 2-year Treasury, which closely tracks…
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…
