This is the one part of the labor market where workers have less bargaining power

Friday’s jobs report showed surprising strength in the labor market, but there are signs that all may not be well for all workers. Quitting in low-wage sectors such as retail, leisure and hospitality is slowing down, said Nick Bunker, an economist at Indeed Hiring Lab. That means people working in those sectors probably have less … Read more

‘A clear sign that the US economy is not in a recession’: Economists react to blowout July jobs report

The July jobs report on Friday showed the US economy gained 528,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6%. Economists polled by The Wall Street Journal had expected an addition of 258,000 jobs and unemployment staying at 3.6%. See: Jobs shocker — US adds 528,000 jobs in July and unemployment … Read more

Alibaba stock gains after earnings as company says trends are improving

Shares of Alibaba Group Holding Ltd. closed up 1.8% Thursday after the Chinese e-commerce company topped expectations with its latest financials and indicated that business trends improved as the June quarter wore on. The company posted net income of RMB22.7 billion ($3.4 billion), or RMB8.51 per American depositary share, compared with RMB45.1 billion, or RMB16.38 … Read more

How gas prices and competitive pricing boosted Costco’s strong July sales

Gas prices continue to benefit Costco Wholesale Corp., which reported strong July sales after the market closed on Wednesday. The company’s sales for the month were $16.85 billion, compared with $15.21 billion in the same period last year. Analysts were impressed by the company’s performance. Costco Wholesale Corp. COST, -0.18% shares fluctuated in premarket trading … Read more

Shopify Warns of Losses for the Full Year, After Job Cuts

Shopify Inc. SHOP 5.23% posted a quarterly loss and warned it would post losses in the rest of the year as e-commerce growth slows, a day after the company said it would cut 10% of its employees. The outlook sent the Canadian company’s shares—which have dropped more than 80% from their November peak—slightly lower in … Read more

Here’s the threat to markets if investors ignore ‘nontrivial’ stagflation risk

Financial market participants completely missed the non-transitory nature of inflation over the past year, failing in what one portfolio manager describes as “spectacular fashion.” Now, as investors and traders worry about the prospects of a US or global recession, they’re staying tuned to profit warnings like the one from Walmart Inc., which demonstrate that inflation … Read more

US stocks slip after Walmart profit warning, gloomy IMF economic warning

US stocks edged lower Tuesday, hurt by Walmart Inc. cutting profit guidance ahead of a wave of corporate earnings reports this week, while the International Monetary Fund warned of the potential for a sharp global slowdown. What’s happening The Dow Jones Industrial Average DJIA, -0.33% fell 90 points, or 0.3%, to 31,900. The S&P 500 … Read more

Here’s how much ‘greenwashing’ can shave from company earnings

Consumers tend to see red when they’ve been misled by corporate greenwashing, new research finds. So-called greenwashing, when a business tries to leverage for marketing purposes fast-expanding public attention on sustainable practices but fails to meet pledged goals on climate change, renewable energy and more, increasingly sticks in consumers’ minds. That, in turn, chips away … Read more

US July flash PMI data show ‘worrying deterioration’ in economy

The numbers: The US services PMI fell to a 26-month low of 47 in July from 51.6 in the previous month, based on a “flash” survey from S&P Global Market Intelligence. Readings below 50 mean contraction. The manufacturing flash PMI slid to 52.3 from 52.7 in June. This was the weakest level in two years. … Read more

Mattel stock turns lower as American Girl sales drop

Shares of Mattel Inc. headed more than 4% lower in the extended session Thursday after the toy maker swung to a quarterly profit that was above Wall Street expectations but saw sales of its American Girl business drop nearly 20%. Mattel MAT, +2.81% said it earned $66 million, or 18 cents a share, in the … Read more