Weekly jobless claims plunge to 199,000, the lowest level since 1969

Weekly jobless claims plunge to 199,000, the lowest level since 1969

The Labor Department’s monthly jobs report, which will be released next week, is expected to shed more light on the complex dynamics of the labor market. While jobless claims have ticked lower in recent weeks, a record 4.4 million Americans, or roughly 3 percent of the labor force, quit their jobs in September, according to … Read more

Alibaba earnings fiscal Q2: Revenue misses, earnings plunge

Alibaba earnings fiscal Q2: Revenue misses, earnings plunge

Signage for Alibaba Group Holding Ltd. displayed at the company’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Alibaba’s annual 11.11 Singles’ Day online shopping bonanza, one that draws in hundreds of millions of people across the globe, is a more low-key affair this year as the e-commerce giant seeks to turn the focus … Read more