Business News

California job seekers will soon see salary ranges in job postings

California job seekers will soon see salary ranges in job postings

Job postings in California will soon include salary ranges thanks to a new salary transparency bill signed into law by Gov. Gavin Newsom on Tuesday. The law, which goes into effect on January 1, 2023, will require nearly 200,000 companies with 15 or more employees to begin disclosing salary ranges in advertisements for jobs held …

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Bank of England tries to stem bond market turmoil after tax cut storm   UK

Bank of England tries to stem bond market turmoil after tax cut storm UK

BoE starts buying bonds and delays selling gilts The IMF does not “recommend” policies like the UK growth plan Moody’s: Economic plan is “growth negative” The pound traded up 0.7% to $1.065 Kwarteng meets bank bosses again LONDON, Sept 28 (Portal) – The Bank of England tried to quell a firestorm in Britain’s bond markets …

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Widespread outage at Jean Coutu stores in Montreal: services restored

Widespread outage at Jean Coutu stores in Montreal: services restored

On Wednesday, Montreal pharmacies Jean Coutu and Brunet were hit by a general outage for much of the morning. Several branches across the city have confirmed to the QMI agency that a breakdown forced them to close the doors of their pharmacies around 8am. “We are having problems with the POS system at the Jean …

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Oil prices rise on surprise fall in US crude and fuel stocks

Oil prices rise on surprise fall in US crude and fuel stocks

NEW YORK, Sept 28 (Portal) – Oil prices rose on Wednesday after unexpected falls in US crude and fuel inventories, outweighing downward pressure from continued US dollar strength. Brent crude futures were up $2.33, or 2.7%, to $88.60 a barrel by 11:05 a.m. EST (1505 GMT). US West Texas Intermediate (WTI) crude oil futures were …

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Gold prices hold near session highs as US pending home sales fall 2% in August, down 24% for the year

Gold prices hold near session highs as US pending home sales fall 2% in August, down 24% for the year

Editor’s Note: With so much market volatility, keep up with the daily news! In just a few minutes, get caught up in our quick recap of today’s top news and expert insights. Sign up here! (Kitco News) – The gold market continues to show solid technical buying momentum with economic data having little …

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Pay rise: a union victory for workers at Agropur Natrel Québec

Pay rise: a union victory for workers at Agropur Natrel Québec

A new collective agreement with higher wages was reached between the Syndicat national du Lait and the Agropur Natrel Québec company, more than a month after union members threatened to go on strike. • Also read: A labor dispute is brewing at Agropur Natrel Québec The Syndicat national du Lait (CSD) voted 97% in favor …

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Stanley Druckenmiller sees 2023 as a ‘hard landing’ with a potentially deeper recession than many are anticipating

Stanley Druckenmiller sees 2023 as a ‘hard landing’ with a potentially deeper recession than many are anticipating

Billionaire investor Stanley Druckenmiller believes that the Federal Reserve’s attempt to quickly unwind the excesses it has built up over a decade with easy monetary policy will not end well for the US economy. “Our central case is a late 23 hard landing,” Druckenmiller said Wednesday at CNBC’s Delivering Alpha Investor Summit in New York …

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Welcoming remarks from Chair Powell at the 2022 Community Banking Research Conference – Federal Reserve

Welcoming remarks from Chair Powell at the 2022 Community Banking Research Conference – Federal Reserve

September 28, 2022 greeting words Chairman Jerome H. Powell At the 2022 Community Banking Research Conference sponsored by the Federal Reserve, the Conference of State Bank Supervisors and the Federal Deposit Insurance Corporation, St. Louis, Missouri (via recorded video) watch live Link to video of Chairman Powell’s recorded remarks: https://youtu.be/s-cKJhfLo2Y Good morning and welcome to …

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Wall Street ends in scattered order, sixth straight decline for the Dow Jones

Wall Street ends in scattered order, sixth straight decline for the Dow Jones

The New York Stock Exchange ended in disarray Tuesday without recovering, halted by another hike in bond yields and information about the possible sabotage of two gas pipelines in Europe. The Dow Jones chained a sixth straight decline, falling 0.42%, but also ended up posting a new yearly low, the third straight. The Nasdaq rose …

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Gilt yields plunge after Bank of England steps in to buy ‘any amount needed’

Gilt yields plunge after Bank of England steps in to buy ‘any amount needed’

UK gilt yields fell from their highest level in 14 years after the Bank of England said it would buy “any amount” of bonds needed to restore orderly market conditions. The 10-year benchmark Gilt yield TMBMKGB-10Y, 4.053%, which moves inversely with prices, fell 49 basis points to 4.03% after temporarily falling below 4%. Earlier Wednesday, …

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