SMBC Group selects Charlotte for bank operations expansion, Governor Stein announces

One of **** an's largest financial institutions is expanding its U.S. presence, with plans to open its second American headquarters in Charlotte and create 2,000 jobs over the next six years.
Gov. Josh Stein announced Tuesday that SMBC Group will invest $50.5 million in Mecklenburg County, establishing a major hub to support multiple business units and expand talent diversity. The average salary for new positions will be $165,316, nearly double Mecklenburg County's average wage of $90,706.
“We’re grateful

Opinion | The Gig Economy Is Affecting Our Communities

I’ve spent nine years inside the gig economy. I write from home in rural West Virginia, a place where factory jobs disappeared long ago and this new way of working arrived like the only option left. I chase payments, explain to my two daughters why we need to wait for ice cream when a client pays late and wonder sometimes if anyone on the other end of the screen knows I’m a person at all.
Before this, I spent significant time in Mississippi. Not as a journalist, but as someone who paid attention. I saw communities where people knew eac

Asia's migrant workers debate if Gulf jobs are worth deadly risk of Iran war

All Norma Tactacon can do is pray as the sirens blare.
The 49-year-old, who works in the Middle East as a domestic worker, is thousands of miles away from her home in the Philippines, where her husband and three children live.
Stuck in Qatar, which is caught in the crossfire of the US and Israel's war on Iran, her only hope is that she makes it home to her family.
"I get scared and nervous every time I see pictures and videos of missiles in the air," she tells the BBC. "I need to be alive to be there for my fami

Job Creation Likely Bounced Back In March, Continuing Up-And-Down Pattern

The U.S. economy is forecast to have added 59,000 jobs in March, partially recovering from the 92,000 jobs lost in February.
The job market has alternated between adding and losing jobs every month since last May, averaging out to slow job creation by historic standards.
The Iran war could be a further drag on jobs in the coming months, but the March report may be too soon to show any effects.
The U.S. economy likely added jobs in March, but not enough to dispel the trend of a widespread slowdown.
A report on job

Institutions are scooping up Bitcoin again as Iran war sparks $2.3bn ETF buying spree

James **** erfill says companies used to treat him like a dirty secret.
As CoinShares’ head of research, one of his jobs is to meet prospective institutional investors and try to convince them to trust the **** et management firm to invest their money into cryptocurrencies.
Five years ago, that was a tall order.
“We would generally meet them in the corner of some coffee shop because they were worried about the image it would portray of them meeting some crypto guys,” **** erfill told DL News.
But thing

Rising cost of Iran war may impact taxpayers, inflation and jobs

Senior Reporter Covering Bakersfield
BAKERSFIELD, Calif. (KERO) — As the United States continues military operations against Iran, economists and lawmakers say the growing cost of the conflict could have ripple effects for taxpayers and the broader economy.
Economists estimate the war is costing about $1 billion per day.
Richard Gearhart, a professor of economics at California State University, Bakersfield, said the immediate financial impact is tied to federal spending and the nation’s growing debt.
“The immediate impact

What tariffs has Trump introduced and why?

Donald Trump has introduced tariffs on goods coming into the US from most countries around the world.
The US president argues that the taxes will boost domestic manufacturing and create jobs. But critics have warned of higher prices for consumers and damage to the global economy.
On Friday, the US Supreme Court struck down some of the most significant tariffs.
It ruled that Trump had exceeded his authority in using emergency powers to enact them on dozens of global trading partners.
But Trump replaced those measures with a 10% global tariff usi

Navarro promises ‘largest rebate in American history’ as Supreme Court weighs Tr...

White House senior counselor Peter Navarro discusses Trump's 'Goldilocks' economy, citing low inflation, rising wages and job growth. He also addresses the Supreme Court's tariff decision, the White House strategy for AI's impact on jobs and more.
White House Senior Counselor for Trade and Manufacturing Peter Navarro touted what he called a "Goldilocks economy" under President Donald Trump while promising Americans the "biggest rebate" in U.S. history.
"When Americans get those rebate checks on tax day, th

South African rand firms as markets await jobs data

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U.S. Steel reports $5.6B in total economic impact for Pennsylvania during fiscal...

U.S. Steel Corp. generated $5.6 billion in total economic impact for Pennsylvania during fiscal year 2024, according to a report released Friday.
The ******* ysis, conducted by Parker Strategy Group, found the company supported 13,687 jobs across the state.
The $5.6 billion impact represents approximately 0.6% of Pennsylvania’s gross domestic product, or about $1 out of every $180 in the state economy. This figure marks a 55.6% increase in total economic impact since fiscal year 2022. The report also shows

Trump claims victory on affordability as public anxieties persist

The White House is declaring victory on turning around the economy, after months of aides’ urging the president to find a more empathetic tone on Americans’ financial struggles.
But public attitudes about the economy have not risen to match the record-breaking stock market and expectations-beating inflation and jobs report, defining the challenge for the president’s party in November’s midterms. Most Americans say the economy is on the wrong track and disapprove of Trump’s handling of it, recent surveys show.
Subscribe to T

Trump claims victory on affordability as public anxieties persist

The White House is declaring victory on turning around the economy, after months of aides’ urging the president to find a more empathetic tone on Americans’ financial struggles.
But public attitudes about the economy have not risen to match the record-breaking stock market and expectations-beating inflation and jobs report, defining the challenge for the president’s party in November’s midterms. Most Americans say the economy is on the wrong track and disapprove of Trump’s handling of it, recent surveys show.
The gap betwee

Jobs report lands with surprising 130,000 positions added to US economy last...

The U.S. economy added 130,000 new jobs last month, according to a federal report released Wednesday, surpassing economists’ expectations.
While the national unemployment rate remained near a four-year high at 4.3 percent, the Bureau of Labor Statistics reported that job growth had exceeded the 55,000 new positions predicted by economists, surveyed by The Wall Street Journal.
The economy added 80,000 more jobs last month than it did in December. It is also the first time since April 2025 that more than 100,000

Bitcoin Jobs Grew 6% in 2025 With Non-Dev Roles Most-Posted

The most in-demand, non-developer Bitcoin job openings included product manager, executive **** istant, marketing manager, director and product designer.
COINTELEGRAPH IN YOUR SOCIAL FEED
Crypto companies' demand for Bitcoin-savvy workers reportedly increased 6% last year, with most job listings focused on non-developer roles.
A total of 1,801 Bitcoin-related positions were listed in 2025, up from 1,707 the year before, according to Bitvocation’s 2025 Bitcoin Jobs Data report.
The Bitcoin job opportunities were spread across Bi

President Donald Trump and White House leaders say that American workers are winning because of his immigration crackdown. But the data doesn’t back that up.
Since the summer, Trump officials have been trumpeting the idea that job creation is booming for U.S.-born workers. Trump said so, too, during a prime-time address last month aimed at ****** uaging Americans’ concerns about the economy.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
“In the year before my election, all net creation of jobs was going to foreign migrants. Si

Bitcoin rallies thwarted by fading Fed rate cut odds, softening US macro

Bitcoin continued to sell near $90,000 as investors reacted to weak US jobs data and slowing economic growth by shifting into safer ***** ets.
Key takeaways:
Strong demand for US Treasurys and lower odds of a Fed rate cut indicate that investors are shifting toward safer ***** ets, reducing interest in Bitcoin.
Economic weakness in ***** an and softer US job data add pressure to Bitcoin, limiting its use as a hedge in the near term.
Bitcoin
BTC
$88,227
has repeatedly failed to hold above the $92,000 level over t

President Donald Trump announced Wednesday a reset of Joe Biden's fuel-economy standards, arguing it will lower US car prices -- but critics warned it would worsen climate change and leave drivers paying more at the pump.
Trump was flanked in the Oval Office by the CEOs of Ford and Stellantis and a senior General Motors official, a show of buy-in from Detroit's "Big Three."
"My administration is taking historic action to lower costs for American consumers, protect American auto jobs and make buying a car much more affordable," the US president said.
"Today is a victory (for) common sense an

HP Inc. (HPQ) is doubling down on artificial intelligence — and betting it will replace thousands of jobs in the process.
"There are many things that today we have to do using people ... that in the future AI will do better and will do faster," CEO Enrique Lores told Yahoo Finance (video above).
It's not just an HP issue, he added, but an "industrywide" shift companies must embrace to stay competitive.
That transformation is reshaping HP. The company on Tuesday unveiled a sweeping AI initiative tied to new restructuring efforts. HP expects to eliminate 4,000 to 6,000 jobs globally and gener

Cities made a bet on millennials — but forgot 1 key thing

Millennials moved to cities in droves during the 2000s and 2010s, drawn by the restaurants, the nightlife, and the high-paying jobs. Urban planners and local leaders celebrated, embracing what became known as the “creative class” theory — the idea that attracting educated, creative workers would drive cities’ economic growth.
Real estate developers built accordingly, constructing apartment buildings filled with studios, one-bedrooms, and two-bedrooms designed for singles, roommates, and childless couples. Young professionals could a

This past week's release of the long-delayed September jobs report complicates the Federal Reserve's path forward when the central bank makes its next decision on interest rates in December, Wall Street economists said.
"Hold or cut, there will likely be multiple dissents," Michael Feroli, chief US economist at JPMorgan, wrote in a research note on Thursday. "We see it as a very close call, closer even than September of last year. Whereas previously we looked for a cut next month, we are now inclined to see the Committee skip next month, but with cuts still coming in January and May before go

This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning, along with:
What we're watching
What we're reading
Economic data releases and earnings
The historic government shutdown is over. We finally got a (late) jobs report. But it's going to take a long time for economic data to get back to normal.

https://finance.yahoo.com/...

As November wraps up, a holiday-shortened week of trading, courtesy of Thanksgiving Day and Black Friday, will greet investors who continue to wrestle with the fallout from Nvidia's (NVDA) blockbuster earnings report alongside flagging confidence in the overall AI-driven market.
On Friday, markets capped a roller-coaster week with daily gains but weekly losses, as the tech-heavy Nasdaq Composite (^IXIC) fell over 2% while the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) fell about 1.5% for the week.
A strong September jobs report, strong earnings from Nvidia, and a positive th

The September labor market report was late, thanks to the government shutdown. And when it finally arrived on Thursday, it was also confusing. The Bureau of Labor Statistics reported that the U.S. economy added 119,000 jobs in September, well above expectations. But the unemployment rate ticked up to 4.4%, its highest since October 2021.
Of course, these monthly reports are noisy, and it’s not unusual for their indicators to point in different directions. That’s why you want to look at the trends, and one important sector, both economically and politically, has consistently trended down over

What on Earth just happened to the stock market?

Redemption Day quickly turned into Reckoning Day on Wall Street.
Going into Thursday, the sagging stock market had two big questions it wanted answered: Is the artificial intelligence bubble about to burst, and will the Federal Reserve cut interest rates in December?
At first, it seemed like traders finally got the clear response they had been eagerly awaiting:
Nvidia reported super-strong earnings Wednesday evening, initially easing fears that demand for AI had faded.
And Thursday morning’s jobs report showed the unemployment rate had ri

https://www.investing.com/...

A stronger-than-expected jobs report for the month of September has some increasing the odds that the Federal Reserve won’t cut interest rates next month.
But Kevin Hassett, director of the president’s National Economic Council, said that would be a “very bad time” for the central bank to pause cutting because the government shutdown dented economic growth in the fourth quarter.
Hassett said he expects the government shutdown will knock 1.5 percentage points off GDP in the fourth quarter. At the same time, he pointed to the Consumer Price Index for September that showed inflation came in bet

US stocks were hammered on Thursday as an abrupt midday reversal in markets followed a blockbuster earnings report from Nvidia (NVDA) and the release of the long-delayed September jobs report, which showed hiring grew more than expected in the final month of the third quarter.
When the closing bell rang on Thursday, the tech-heavy Nasdaq Composite (^IXIC) had taken the sharpest losses, falling more than 2.1% from Wednesday's close, and marking a more than 3.5% intraday reversal.
The S&P 500 (^GSPC) fell 1.5%, and the Dow Jones Industrial Average (^DJI) lost 380 points, or 0.8%.
Stocks opene

A US stock rally faced an abrupt turnabout on Thursday, as investors ****** sed blockbuster Nvidia (NVDA) earnings and rate-cut hopes after the release of the long-awaited September jobs report.
The tech-heavy Nasdaq Composite (^IXIC) flipped and fell 0.9% after climbing as much as roughly 2.5% earlier in the session. The S&P 500 (^GSPC) lost around 0.7% after gaining as much as 1.8% in early trading. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, dropped 0.5%.
Nvidia stock surged as much as nearly 5% in early trading before also turning negative, after the chipma

Bitcoin extended its recent slide Thursday, diving below the $87,000 mark for the first time since April as traders weighed the prospects of a third rate cut this year following the delayed release of September jobs data.
The price of Bitcoin has fallen as low as $86,520 on the day, with a nearly 3% daily fall that's extended the leading cryptocurrency's weekly dive to 13.5% as of this writing.
Bitcoin has plunged by 31% since setting a new all-time high mark above $126,000 in early October.
Overall crypto market liquidations have surged over the past hour, currently sitting at $933 million

A stronger-than-expected — albeit stale — September jobs report is muddying the picture of whether a split Federal Reserve will cut or hold interest rates steady at its next policy meeting.
Experts and markets are divided.
“They will not cut rates,” Wilmer Stith, bond portfolio manager for Wilmington Trust, said Thursday.
While payroll growth was stronger, Stith noted that the unemployment rate on an unrounded basis was 4.44%, which could create concern for some members of the Fed who view a level of 4.5% as cautionary.
“Getting to that 4.5% unemployment would sort of raise their anxieties