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Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008

[CNBC] The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008.Economists surveyed by Dow Jones had been looking for an increase of 3.6%.One big reason for the acceleration was base effects – at this time a year ago, the economy was hit with the worst of the Covid […]

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Worker shortages are putting more money in employees pockets but could slow the economy

[USA TODAY, AP] The nationwide worker shortage that held down U.S. job growth last month boils down to this: America’s workers are raking in lots of money but they have fewer places to spend it. Businesses that can’t find enough workers are pushing their existing staffers harder, converting part-time employees to full-time and asking full-time […]

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Walmart says Kanye West’s new Yeezy logo is so similar to its own that customers might mix them up

[Business Insider] Walmart has challenged a logo’s trademark application submitted by Kanye West’s Yeezy brand.Walmart says Yeezy’s logo is so similar to its own that people may think the brands are affiliated.The company said in a USPTO filing first reported by Bloomberg that this could hurt Walmart’s brand.Walmart has filed a complaint to the US Patent and Trademark Office, […]

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Roaring Back: Employers Add 916,000 Jobs As Economy Emerges From Winter Slump

[NPR, Getty Images] Hiring accelerated last month as U.S. employers added 916,000 workers to their payrolls. It was the largest job gain since August, fueled in part by an improving public health outlook and a new round of $1,400 relief payments. The unemployment rate dropped to 6%, from 6.2% in February. Job growth has improved […]

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Black and Hispanic women aren’t sharing in the job market recovery

[CNBC, GETTY] Employment statistics for women of color were not only more severe when the Covid-19 pandemic began, but are more sluggish in improving.For white workers, the unemployment rate fell to 5.6% in February. But for Black and Hispanic workers, reported jobless rates were 9.9% and 8.5%, respectively.But as stark as the race- and ethnicity-based […]

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‘Work is the single most important way of proving your worth’ in the U.S., professor says — and it’s making Americans miserable

[Acorns, Illustration by Euralis Weekes] In the U.S., one expert says, “the more you work, the better person you are.” In the early 2000s, Jennifer Sherman, a professor of sociology at Washington State University, went to study a poverty-stricken mountain town in Northern California for her thesis. The town had been stripped of its main source […]

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Biden wants millions of clean-energy related jobs. Can it happen?

(CNN) Last week, President Joe Biden reaffirmed his commitment to addressing climate change by creating green energy jobs, building out a “modern and sustainable infrastructure” toward his continued goal of reaching a carbon-free energy sector in the US by 2035. In remarks last week before signing several executive orders focused on his climate agenda, Biden tied his energy policy […]

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Credit card firm Capital One fined for violating U.S. anti-money laundering law

(Reuters) – Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on Friday. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a statement that […]

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Hiring for these jobs is on the rise in 2021, according to LinkedIn

[CNBC, Getty Images] In a shift from recent years that have seen tech jobs as one of the most prominent fields for opportunity, the past year showed the rise of human-centric roles to cater to new and urgent needs brought on by the pandemic. LinkedIn’s latest Jobs on the Rise report, a special edition of the career site’s […]

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