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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

WSJ.com: US Business

Musk Can't Stop Talking About the Nonstop Grind

Sat, Jun 03, 2023

The billionaire is trying to motivate workers with talk of sacrifice as many of them are pushing for more of a work-life balance....

Online Banks Are Winning the Deposit War

Sat, Jun 03, 2023

Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have far fewer branches than peers....

U.S. Labor Market Shows Resilience With Strong Hiring

Fri, Jun 02, 2023

The labor market has defied expectations of a slowdown this year with 339,000 jobs added in May. The unemployment rate rose to 3.7%....

JPMorgan Chase Working to Reverse Double Payments on Zelle

Fri, Jun 02, 2023

The bank apologized after some customers complained about duplicate transactions....

Six Flags Has a New Summer Attraction. It's Not a Roller Coaster.

Sat, Jun 03, 2023

After a steep drop in attendance, the theme-park operator is trying to upgrade its brand; the wafting aroma of barbecue....

Mixed Signals in U.S. Jobs Report

Fri, Jun 02, 2023

May’s jobs report looked confusing, with the unemployment rate jumping to 3.7% yet the number of jobs soaring. But the underlying data still show surprising strength....

Jobs Report Is Unlikely to Resolve Fed Rate Debate

Fri, Jun 02, 2023

Friday’s rosy jobs report underscores a scenario where the Federal Reserve might decide to hold rates steady in June and then raise them later this summer....

Senate Approves Deal Raising Debt Ceiling, Averting Default

Fri, Jun 02, 2023

The legislation now goes to President Biden for his signature ahead of Monday, when the Treasury Department has said the government will run out of money to pay all of its bills....

Cooling Eurozone Inflation Opens Path for ECB Rate Pause

Thu, Jun 01, 2023

Consumer prices in the eurozone were 6.1% higher in May than a year earlier. A pause after an expected rate rise in June would give the central bank time to study the impact of its recent tightening....

U.S. Makes New Push in Trade Fight With Mexico Over GMO Corn

Fri, Jun 02, 2023

The U.S. stepped up its efforts to get Mexico to ease its restrictions on genetically modified corn, after more than a year of high-level discussions between the countries failed to resolve the dispute. ...