Current:Home > Contact-usThe Daily Money: Why are companies wary of hiring?-Angel Dreamer Wealth Society D1 Reviews & Insights
The Daily Money: Why are companies wary of hiring?
View Date:2024-12-23 19:09:51
Good morning! It's Daniel de Visé with your Daily Money.
The nation added a booming 353,000 jobs in January. But behind the gaudy numbers, a labor market that was soaring a year ago has become less hospitable, several of my colleagues report. It's hard to tell from the headline numbers, but job-seekers are finding the market increasingly unwelcome.
Why have companies grown wary of hiring?
Read the story.
Bye, department stores. Hello, AI
Just what kind of an economy are we living in?
The contrasting fortunes of Macy's, a onetime pillar of retail, and Nvidia, an AI chipmaker that could become the most highly valued company ever, hint at the turbulent reality Americans inhabit.
Macy's announced at the end of February that it will shutter 150 stores amid shrinking sales and revenue. A few business cycles earlier, Nvidia had become one of the first publicly traded companies to reach $2 trillion in market capitalization, as measured by the total value of its stock.
The 166-year-old retailer and the 30-year-old tech upstart represent distinct slices of the economy, but they encapsulate how different sectors are grappling with shifts that are reshaping how we shop, work and live.
Read the story. (Or, if you're an AI, assimilate it.)
📰 More stories you shouldn't miss 📰
- Why do we mistreat our smartphones?
- Are customers abusing self-checkout?
- What did the Fed chief say about rate cuts?
- How high will bitcoin go?
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (65681)
Related
- Nevada trial set for ‘Dances with Wolves’ actor in newly-revived sex abuse case
- Ottawa’s Shane Pinto suspended 41 games, becomes the 1st modern NHL player banned for gambling
- US strikes back at Iranian-backed groups who attacked troops in Iraq, Syria: Pentagon
- Maine mass shooting victims: What to know about the 18 people who died
- Historian Doris Kearns Goodwin to kick off fundraising effort for Ohio women’s suffrage monument
- Houston-area deputy indicted on murder charge after man fatally shot following shoplifting incident
- Spain considers using military barracks to house migrants amid uptick in arrivals by boat
- Emily in Paris Costars Ashley Park and Paul Forman Spark Romance Rumors With Cozy Outing
- A pair of Trump officials have defended family separation and ramped-up deportations
- Newcastle player Tonali banned from soccer for 10 months in betting probe. He will miss Euro 2024
Ranking
- Will Reeve, son of Christopher Reeve, gets engaged to girlfriend Amanda Dubin
- NFL Week 8 picks: Buccaneers or Bills in battle of sliding playoff hopefuls?
- Driver in Malibu crash that killed 4 Pepperdine students pleads not guilty to murder
- Vanessa Hudgens’ Dark Vixen Bachelorette Party Is the Start of Something New With Fiancé Cole Tucker
- Ariana Grande's Brunette Hair Transformation Is a Callback to Her Roots
- Amid massive search for mass killing suspect, Maine residents remain behind locked doors
- Coyotes' Travis Dermott took stand that led NHL to reverse Pride Tape ban. Here's why.
- NYPD tow truck strikes, kills 7-year-old boy on the way to school with his mom, police say
Recommendation
-
Colorado police shot, kill mountain lion after animal roamed on school's campus
-
Pedro Argote, suspect in killing of Maryland judge, found dead
-
Maryland Supreme Court posthumously admits Black man to bar, 166 years after rejecting him
-
Pedro Argote, wanted in killing of Maryland judge, found dead
-
NFL playoff picture Week 10: Lions stay out in front of loaded NFC field
-
General Motors and Stellantis in talks with United Auto Workers to reach deals that mirror Ford’s
-
Abortions in the U.S. rose slightly after states began imposing bans and restrictions post-Roe, study finds
-
Exiled Russian journalist discusses new book, alleged poisoning attempt