Latest News for: Job surge

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Peloton to Cut Jobs, Shut Stores, and Raise Prices in Company-Wide Revamp

The Epoch Times 13 Aug 2022
Shares of the company surged about 11 percent in afternoon trade after the company said in a memo it would cut about 800 jobs ...
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More than 500 jobs to be added in two Georgia sites

Times Free Press 13 Aug 2022
Warehouses, distribution and fulfillment centers have been among the leaders in investment and job growth for the past several years, a surge accelerated during the first year of the pandemic that has continued, said Pat Wilson, commissioner of the Department of Economic Development.
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The Chips Act Puts the Semiconductor Industry Back on the Right Path

Barrons 13 Aug 2022
About the author ... President Biden signed it into law on Tuesday ... They had already cut many jobs, and the prospects were grim for the rest ... As chipmakers build more fabs, these suppliers will surge. They will also set up a local presence in the community where the new fab is built, adding more jobs ... More of that surge will come from fabs in the U.S ... .
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U.S. weekly jobless claims hit new high since November amid rising interest rates

Xinhua 12 Aug 2022
In recent months, the figures have been trending up amid surging inflation and rising interest rates ... employers added 528,000 jobs in July ... But as the Federal Reserve ramps up its fight against surging inflation, the strong job market may be about to take a turn for the worse.
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Peloton slashing 800 jobs, raising bike prices

New York Post 12 Aug 2022
Shares of the company surged 8.7% in afternoon trade after the company said in a memo that it would cut about 800 jobs and reduce its retail presence in North America ... The New York-based firm had said in July it would halt all in-house production of its bikes, move manufacturing to partners and cut around 570 jobs.
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Peloton to cut jobs, shut stores and raise prices in company-wide revamp

Union Leader 12 Aug 2022
Peloton Interactive Inc said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment ... Shares of the company surged about 11% in afternoon trade after the company said in a memo it would cut about 800 jobs and reduce its retail presence in North America.
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The price of a single-family US home has topped $400,000 for the first time to ...

Business Insider 12 Aug 2022
A booming job market and supply availability are factors driving local home price growth ... "The local job market performance and supply availability are the clear distinguishing factors driving local home price growth," Yun added. US job market data stunned investors this month after job creation surged past economists expectations in July.
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Peloton to cut down jobs and stores, raise prices to shore up cash

Reuters 12 Aug 2022
Shares of the company surged about 11% in afternoon trade after the company said in a memo it would cut about 800 jobs and reduce its retail presence in North America ... The new job cuts and cost cutting steps come on top of measures announced in July ... "Job one is generating ...
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‘To help the Economy’: South Korea pardons Samsung boss

Manila Standard 12 Aug 2022
The pardon was given so that Lee—as well as other high-level executives receiving pardons Friday—could “lead the country’s continuous growth engine through active investment in technology and job creation,” it added ... continuous investment and job creation for young people.”.
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The Inflation Reduction Act is about to become law. What it will do for Californians

The Los Angeles Times 12 Aug 2022
The Inflation Reduction Act is headed to President Biden’s desk ... Healthcare ... That adds real affordability for California consumers,” Wright said in an email ... Almost half of U.S ... Another new tax soon to be felt by California businesses is a 1% excise tax on stock buybacks, which surged after President Trump signed the Tax Cuts and Jobs Act in 2017.
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Filling jobs is a perplexing problem

The Daily Star 11 Aug 2022
Joubert told our reporter that, since he opened in 2015, he has had “multiple people” applying for jobs every week until recently ... We’re glad to see the recent surge in recognition that good jobs — needed jobs — can be had outside the college career track.
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Top Fed officials warn inflation fight just beginning after 8.5% July reading

New York Post 11 Aug 2022
More On ... Fed officials signal sharp rate hikes to continue as inflation surges ... CNBC analyst goes viral with reaction to US jobs report ... analyst ... Inflation surges 8.5% in July despite drop in gasoline prices ... Major stock indices surged as optimistic investors reacted to the possibility that the Fed could dial back its plans for more sharp rate hikes.
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China's youth face bleak job market as COVID slows economy

The Crescent News 11 Aug 2022
The survivors are cutting jobs and wages ... Graduate numbers have surged following an initiative begun in 2019, ahead of the pandemic, to increase training for technical skills the government said were “urgently needed.” More job seekers are expected to enter the labor market in the coming years.
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The Twisted Ovary

White Rock Lake Weekly 11 Aug 2022
By Nancy Black. It sounds like a heavy metal rock band, right? The Twisted Ovary? But it’s not ... And my HIPPA violations were NOT because of the recent COVID-19 surge in Dallas County. It is not my job to speculate as to why the hospital found it necessary to provide such negligent care. It is the U.S. Department of Health and Human Services (HHS) job.
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More than 500 jobs to be added in two sites

Atlanta Journal 11 Aug 2022
Warehouses, distribution and fulfillment centers have been among the leaders in investment and job growth for the past several years, a surge accelerated during the first year of the pandemic that has continued, said Pat Wilson, commissioner of the Department of Economic Development.

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