New data from the Bureau of Labor Statistics reveals that the US labor market remained strong in April, despite signs of a broader economic slowdown. Nonfarm payrolls increased by 253,000, which is more than the 180,000 that had been estimated by Dow Jones. This indicates that the labor market is still able to show resilience
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British coronations are rare and sought after events, particularly for world leaders and their retinues. The last coronation took place seven decades ago, and leaders from around the world are flying in to be a part of this year’s event. For Britain, the coronation provides an opportunity to showcase its best assets and exert as
In response to the murder of George Floyd and the nationwide awakening of the countless murders of people of color, a group of six nurses began working on a series of mini-documentaries that captured the experiences of racism in nursing in the United States. The “Reckoning with Racism in Nursing” docu-series was created to provide
Apple CEO Tim Cook announced record revenue growth in India during the first quarter of the year. In its fiscal second quarter, Apple reported total revenue of $94.84 billion, although it does not disclose sales figures for India. Cook stated that the company set a “quarterly record” for its India business and saw “very strong,
AMC Entertainment, a leading theater chain, has reported excellent first-quarter earnings. The company’s revenue in March exceeded Wall Street expectations, with sales reaching $954 million, up 20% from the previous year. In addition, AMC’s losses narrowed by $102 million to $235 million, with an adjusted EPS of 17 cents per share, exceeding expectations. AMC’s CEO,
Meesho, an Indian e-commerce company, has laid off 251 employees, or 15% of its workforce, as part of its efforts to achieve profitability. The company’s founder and CEO, Vidit Aatrey, announced the decision in an email to employees, stating that affected employees would receive one month extra severance pay beyond their notice period as well
Despite concerns over the state of the US economy and instability in the banking sector, US job growth exceeded expectations in April, according to a report by the Labor Department. Nonfarm payrolls increased by 253,000 jobs during the month, surpassing Wall Street estimates of 180,000, while the unemployment rate was 3.4%, compared to an estimate
Warner Bros. Discovery, like other major media companies, is shifting its focus to streaming video as an increasing number of Americans cancel their traditional pay TV subscriptions. The company, however, reported a big quarterly loss despite its U.S. direct-to-consumer (DTC) segment turning a profit for the first time ever. Details of the Earnings Report According
The Los Angeles Lakers are facing the Golden State Warriors in the second round of the playoffs, but they are struggling to stop the Warriors’ record-breaking three-point game. The Warriors have made 42 three-pointers in the first two games of the series, surpassing the league record for the most 3s hit by any team in
Kenvue CEO Thibaut Mongon has revealed that the company will focus on brand and product innovation to drive growth after it made its debut on the New York Stock Exchange. The company, spun out of Johnson & Johnson, boasts a portfolio of brands including Band-Aid, Tylenol, Listerine, Neutrogena, Aveeno, and J&J’s namesake baby powder. Ten