Job report will get more accurate: Lutnick

Commerce Secretary Howard Lutnick predicted that the Bureau of Labor Statistics’ new jobs report Friday would be more accurate because President Donald Trump fired former Commissioner Erika McEntarfer last month. Lutnick made that prediction less than an hour before BLS said job growth stalled out in August. “I think they’ll get better,” Lutnick told CNBC’s…

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U.S. jobs report, Orsted update

LONDON — European stock markets are set to open higher on Friday, as investors await a key U.S. jobs report that’s likely to set expectations for an upcoming Federal Reserve interest rate cut. Major bourses are all seen opening higher, according to IG data. Both equities and bonds sold off globally earlier in the week…

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Trump’s deportations put California’s immigrant labor force at risk

From citrus farms in the Central Valley to construction sites where homes and businesses are being rebuilt after devastating wildfires in Pacific Palisades, California relies heavily on immigrant workers and entrepreneurs. As the Trump administration continues to ramp up immigration enforcement, industries key to the state’s $4 trillion economy like agriculture, construction and hospitality could…

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Global retirement systems compared for long-term security

Retirement funding looks very different depending on where you live. While the United States leans heavily on voluntary 401(k)-style savings plans, other nations rely on mandatory contributions or more traditional pensions to ensure broad coverage and steady income. Mercer CFA Institute Global Pension Index takes these structural differences into consideration when ranking some of the…

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Student loan borrowers in default face wage garnishment

A student studies in the Perry-Castaneda Library at the University of Texas at Austin on February 22, 2024 in Austin, Texas.  Brandon Bell | Getty Images When the Trump administration first announced in April that it would soon resume student loan collection efforts, it said notices for wage garnishment would resume “later this summer.” It’s…

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