Business

China’s political leaders, under pressure to support the country’s fragile recovery, are slowly steering the economy on a new course. No longer able to rely on real estate and local debt to drive growth, they are instead investing more heavily in manufacturing and increasing borrowing by the central government.For the first time since 2005, when…

Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday.The economy added 315,000 jobs for the month, just below the Dow Jones estimate for 318,000. The unemployment rate rose to 3.7%, two-tenths…

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeWednesday, August 10, 2022Today's newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz.In May,…

STAMFORD — Cryptocurrency conglomerate Digital Currency Group will not move ahead with its jobs-based incentives deal with the state that was announced nearly two years ago, but it is keeping its headquarters in Stamford.The company will not receive any funding through the deal because it did not end up signing a contract with the state…

Just how much content has Warner Bros. Discovery axed since the WarnerMedia merger just a few months ago? $825 million worth. The company disclosed in a regulatory filing Friday that it has taken a $825 million write-down on content following the deal. That figure includes a $496 million impairment on content, as well as…

(Stefon Walters) I'll be the first to admit that life has a way of throwing you curveballs when you're seemingly the least prepared for them. According to the Annual Transamerica Retirement Survey, 27% of people with retirement accounts have needed to take early withdrawals. While it might be the last and…

The ravaging of retirement accounts is on a roll.The number of participants taking hardship withdrawals from their 401(k) was up 13% in the third quarter versus the second quarter, according to a new survey from Bank of America, which tracks about 4 million clients’ employee benefit programs.That tallies up to more than 18,000 plan participants,…

A new product rolling out within the next year will utilize blockchain technology to provide casino patrons worldwide with casino chip access on the gaming floor, directly from their cryptocurrency or digital assets. “At the end of the day, there was really no direct mechanism for taking digital assets and putting them into play in a way that…

U.S. equity futures turned higher after being lower overnight, following a day that saw stocks fall after the Federal Reserve said U.S. inflation is too high, suggesting support for more aggressive interest rate hikes.The major futures indexes suggest a small gain when trading begins on Wall Street.Oil prices added to gains Thursday…

Jaspreet Singh / Jaspreet SinghJaspreet Singh, known as “Minority Mindset” on YouTube, is an attorney and entrepreneur with a goal to spread financial education. The Minority Mindset brand has grown into a number of companies including Market Briefs, a free financial newsletter, and Market Insiders, an investing education app. His brand has…