News Update
Job fair aims to get 100,000 ‘disconnected’ youth jobs
Spearheaded by Starbucks CEO Howard Schultz, the 100,000 Opportunities Initiative aims to provide young adults who are neither working nor in school with internships, training programs, part-time or full-time jobs by 2018. The first one kicks off in Chicago and similar job fairs will be held throughout the country in the future.
China is putting Janet Yellen in a tough spot
Investors are betting the chances of a September rate hike just went down.
Russia warns it could ban more foods
Russia is looking to add more items to the list of banned food imports.
Donald Trump slams Beijing for crashing the yuan
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Rich Russians cutting back on private jet travel
Russians are significantly cutting back on private jet travel as the slumping Russian economy and weaker currency force them to stick to a budget.
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Stocks tank after China devalues currency: Winners and losers
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China’s yuan devaluation turns up heat on Asia
China’s surprise decision to devalue its currency is turning up the heat on the rest of Asia.
IMF: China’s currency reforms are a good thing
China’s unexpected move this week to gradually devalue its currency is a step in the right direction, but still more needs to be done, according to the International Monetary Fund.
Oil at 6-year low, but OPEC keeps pumping more
OPEC said Tuesday that its output surged to a three-year high in July. The cartel produced 31.5 million barrels a day, more than 1.5 million barrels above the ceiling it agreed to just a month earlier.
Businesses tell Marco Rubio: Change your Cuba stance
Many companies want the embargo lifted so they can trade freely with Cuba.
Chicago laying off 500 teachers
Chicago cutting 500 teachers due to mounting budget crisis in nation’s No. 3 school district
This is the most requested gift for 8 years in a row
Gift card sales are booming. They aren’t the ‘thoughtless gift’ anymore.
Russia slides deeper into recession, prospects are ‘grim’
Russian economy shrunk 4.6% in the second quarter, the biggest drop in six years.
Cities where wages are growing the fastest
Wage growth has been sluggish across the country, but some cities are seeing very strong wage gains.