Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness

Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness

Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week’s upwardly revised figure and significantly less than the…

Read More
Starbucks to close stores, lay off workers in  billion restructuring

Starbucks to close stores, lay off workers in $1 billion restructuring

Starbucks announced a $1 billion restructuring plan Thursday that involves closing some of its North American coffeehouses and laying off more workers as it moves ahead with its “Back to Starbucks” transformation under CEO Brian Niccol. The number of company-operated stores in North America will decline by about 1% in fiscal year 2025, accounting for…

Read More
European Commission launches antitrust probe into software giant SAP

European Commission launches antitrust probe into software giant SAP

Thomas Lohnes | Getty Images The European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company’s practices in software support services. According to the Commission, the investigation will assess “whether SAP may have distorted competition in the aftermarket for maintenance and support services related to an on-premises type of…

Read More
What if your soulmate isn’t your best friend? Brett Goldstein asks the question in ‘All of You’

What if your soulmate isn’t your best friend? Brett Goldstein asks the question in ‘All of You’

Brett Goldstein might want to break your heart. Or at least give you a proper ugly cry. In the new film “All of You,”streaming on Apple TV+ Friday, audiences are presented with a sticky conundrum: What if your soulmate, and your best friend, were different people? Reactions might differ about the choices Simon (Goldstein) and…

Read More