Many workers who switched jobs as the labor market emerged from its Covid pandemic slumber saw wages outpace inflation by a wide margin, a new study found.Story Published at: August 02, 2022 at 07:06PM
Typical job switcher got a pay raise of nearly 10%, study finds
After the CHIPS Act: U.S. still has a long road ahead to rival Asia in semiconductor manufacturing
The $52 billion semiconductor package is designed to boost chip manufacturing in the U.S. and compete with China, but progress will take years. Story Published at: August 02, 2022 at 05:39PM
Fed’s Daly says ‘our work is far from done’ in raising rates to tame inflation
The Federal Reserve still has a lot of work to do before it gets inflation under control, San Francisco Fed President Mary Daly said Tuesday.Story Published at: August 02, 2022 at 05:16PM
China ratchets up military and economic pressure on Taiwan as Pelosi begins her visit
Story Published at: August 02, 2022 at 05:15PM
Instagram boss Adam Mosseri to move to London as Meta tries to counter TikTok’s rise
Instagram boss Adam Mosseri will temporarily relocate to London later this year, a Meta spokesperson confirmed to CNBC.Story Published at: August 02, 2022 at 03:30PM
Ferrari boosts full-year guidance after a record second quarter
Ferrari increased its full-year guidance after a quarter that set records for revenue, profit and new orders. Story Published at: August 02, 2022 at 01:26PM
British Airways suspends the sale of short-haul flight tickets from Heathrow
BA has suspended short-haul flight tickets after Heathrow asked airlines to reduce passenger numbers because of “ongoing challenges” facing the industry.Story Published at: August 02, 2022 at 01:24PM
Hackers drain nearly $200 million from crypto startup in ‘free-for-all’ attack
Hackers yanked almost $200 million in crypto from Nomad, a so-called blockchain bridge.Story Published at: August 02, 2022 at 12:46PM
German chemicals firm warns of production chain collapse as Putin squeezes gas flows
Company says it has adjusted its full year guidance for 2022.Story Published at: August 02, 2022 at 12:34PM
Russia faces ‘economic oblivion’ despite claims of short-term resilience, economists say
Russia is facing “economic oblivion” in the long-term as a result of international sanctions and the flight of businesses, several economists have said.Story Published at: August 02, 2022 at 10:51AM