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China's recovery sputters as consumption, output lose steam reuters.comChina's Economy Weakens on Several Fronts as Property Bust Worsens WSJChina investment slump deepens as economy shows signs of weakness Financial TimesChina's economy slows further in July as retail sales barely grow, investment slump steepens CNBC
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"My CPA hasn't gotten back to me."
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Squint is betting manufacturers can solve labor shortages by capturing worker know-how and improving human-run production lines before robots arrive.
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Unexpected absences can cost employers tens of thousands of dollars a month. An app that helps workers with last-minute transportation, food and childcare is making a difference.
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Von Miller calls signing with the Cowboys "a dream within a dream" NBC SportsVon Miller signing with Cowboys on 1-year deal, source says ESPNSkip Bayless makes feelings clear on Dallas Cowboys' Von Miller move Yahoo SportsCowboys agree to terms with eight-time Pro Bowl pass rusher Von Miller NFL.comVon Miller signing with Cowboys in major defensive boost before season
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Joy Rhoden of the American Hospital Association discusses how data, community partnerships, expanded care teams, and a focus on addressing health disparities are essential to improving maternal health outcomes.
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Wharton marketing professor Jonah Berger discusses his published study, "Topography of Thought," which was co-authored with Olivier Toubia, business professor at Columbia Business School. The paper examines how someone's writing style can be indicative of their future success, and where generative AI might come into the picture.
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The Federal Reserve served up a widely expected third consecutive jumbo rate hike when it concluded its regularly scheduled two-day meeting on Wednesday. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points. (A basis point equals 0.01%.)
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Although the move matched consensus expectations, a significant portion of the bond market - and plenty of traders and tacticians, for that matter - were bracing for a whopping 100 bp rate hike. Uncertainty over just how hawkish the Fed would reveal itself to be has cast a pall on equities over the preceding weeks, and so a rate hike of "only" three-quarters of a percentage point was actually met with some relief. Stocks sold off sharply when the Fed released its statement at 2 p.m. Eastern, but then drifted back into positive territory during Powell's press conference, which began a half-hour later.
Ultimately, however, the major indexes finished in the red. That's because the Fed's bottom line is that inflation is by no means under control. And while there might be ample anecdotal and emotional evidence pointing to the contrary, the economy is simply running too hot. An imbalance in supply and demand in the labor market and related strong real wage growth, snarled supply chains and a rising dollar are just some of the factors confounding monetary policymakers - not to mention corporate revenues and profit margins.
As we've
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