NEW YORK (Reuters) – Strong late-summer back-to-school sales could provide U.S. retailers some needed momentum after many sector shares lagged the broader market in recent months.Back to school supplies are shown for sale at a Walmart store during the outbreak of the coronavirus disease (COVID-19) in Encinitas, California, U.S., July 28, 2020. REUTERS/Mike BlakeThe S&P […]

Have you received an unsolicited debit card in the mail? Or a letter seeking extra details for an application for unemployment insurance that you don’t recall filing? You may be among the thousands of people who have fallen victim to unemployment-related identity fraud. The problem emerged last year as state employment systems were straining to […]

FILE PHOTO: A broker looks at financial information on computer screens on the IG Index the trading floor in London, Britain February 6, 2018. REUTERS/Simon Dawson/File PhotoLONDON (Reuters) – European shares briefly extended losses with a widely watched gauge of banking shares dipping 1% after data showed U.S. jobs growth in August missed estimates by […]

In May, the chief executive of Washingtonian Media, which publishes a D.C.-area magazine, wrote an opinion essay in which she fretted over “the erosion of office culture” because of remote work. “I estimate that about 20 percent of every office job is outside one’s core responsibilities — ‘extra,’” Cathy Merrill, the C.E.O., declared in The […]

HONG KONG (Reuters) – Japanese shares jumped on Friday after officials said Prime Minister Yoshihide Suga would step down, while the dollar was at a month low against major peers as traders awaited U.S. employment data with global equity markets at record highs.FILE PHOTO: A man wearing protective face mask, following an outbreak of the […]

Auckland Mayor Phil Goff has slammed a nearly $1 million payout by poorly performingPorts of Auckland to former chief executive Tony Gibson. Goff said the port’s council owner was “neither consulted nor advised of the board’s decision to make this payment”. “While the board has the authority to do this, it is not a decision […]

NEW YORK (AFP, NYTIMES) – Top executives at the Renaissance Technologies hedge fund will personally pay some US$7 billion (S$9.4 billion) to settle a tax dispute with the Internal Revenue Service (IRS), one of the largest settlements ever. Dr James Simons, a mathematician whose algorithmic approach has been adopted by many other investment funds, and […]

SINGAPORE (BLOOMBERG) – Oversea-Chinese Banking Corp is boosting its wealth management and corporate banking staff for Greater China to capture regional business flow from the world’s second-largest economy. South-east Asia’s second-largest lender plans to double the number of relationship managers for wealthy Chinese clients to 500 by 2023, chief executive officer Helen Wong said in […]

(Reuters) – The S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) […]

Companies in Texas look to Washington The Republican-controlled Texas Legislature this week passed a major bill overhauling election laws in the state, the latest of many to tighten voting rules this year. In Texas, as elsewhere, many businesses and industry groups have spoken out against the move, arguing that it is bad for the economy. […]