Regression – Syndication

Dow tumbles on red-hot US job market

New York (CNN) — Stocks tumbled on Thursday after fresh data signaled that the labor market remains piping hot, heightening concerns that the Federal Reserve will raise interest rates for longer than expected.The Dow dropped 372 points, or 1.1%, by…

US job openings dropped below 10 million in May

Minneapolis (CNN) — The number of available jobs in the United States dropped in May after an uptick the month before, the Bureau of Labor Statistics reported Thursday. Job openings fell to 9.82 million at the end of May, dropping…

US job openings dropped below 10 million in May

Minneapolis (CNN) — The number of available jobs in the United States dropped in May after an uptick the month before, the Bureau of Labor Statistics reported Thursday. Job openings fell to 9.82 million at the end of May, dropping…

Japan’s largest port hit with ransomware attack

New York (CNN) — Japan’s busiest shipping port said Thursday it would resume operations after a ransomware attack prevented the port from receiving shipping containers for two days.The expected restoration of the Port of Nagoya, a hub for car exports…

US Treasury Secretary Yellen arrives in Beijing

(CNN) — US Treasury Secretary Janet Yellen arrived in Beijing Thursday ahead of high-stakes meetings with senior Chinese officials. Yellen will meet with China’s Premier Li Qiang – who is seen as a close ally of Chinese President Xi Jinping…

Banks are leaving savers shortchanged as interest rates soar

London (CNN) — When central banks raise interest rates, mortgage borrowers can expect higher monthly repayments, while savers are supposed to be rewarded with bigger returns on their deposits. Or so the theory goes. A top UK financial regulator met…

Moderna inks deal to make mRNA medicines in China

Hong Kong (CNN) — US drugmaker Moderna has signed a deal to make mRNA medicines in China as part of its first major investment in the country, despite escalating trade and political tension between Washington and Beijing.The Cambridge, Massachusetts-based company…

Typical July Heat Continues

Forecast: Tonight: Mostly cloudy. Scattered showers and storms. Lows: Low to mid 70s. Patchy fog developing overnight. Thursday: Patchy AM fog. Mostly sunny. PM widely scattered showers and storms. Highs in the low 90s. Friday: Mostly sunny. PM widely scattered showers and storms. Highs in the low 90s. Saturday: Partly sunny. PM widely scattered showers. Highs near 90. Tropics: All…