Fashion Retail Employment Mixed Despite Strengthening Job Market

The job market brightened last month, but the picture for fashion retailers is still decidedly mixed.  Apparel and accessories specialty stores shed a seasonally adjusted 20,000 jobs in February, versus January, to employ 976,200. Department stores fared better, expanding payrolls by 3,800 to employ 977,400.  Retailers overall added 41,000 jobs

Nasdaq tumbles to correction territory after Powell comments

(Reuters) – Wall Street slumped on Thursday, leaving the Nasdaq down 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields. The benchmark 10-year Treasury yield spiked to 1.533% after Powell’s comments, which did not point to

German bank auditors say lodged Greensill Bank complaints in 2020

FRANKFURT (Reuters) – The Auditing Association of German Banks registered complaints about Greensill Bank with Germany’s financial watchdog BaFin in early 2020, a spokesman told Reuters on Thursday.FILE PHOTO: The logo of Greensill Bank is pictured in downtown Bremen, Germany, July 3, 2019. REUTERS/Fabian Bimmer/File PhotoBaFin warned on Wednesday of

ASB boss Vittoria Shortt warns: ‘We are not out of the woods yet’

New Zealand has made a strong recovery but is not out of the woods yet, the chief executive of ASB Bank says. Vittoria Shortt told the Waikato University Economics Forum today that whenCovid hit the initial focus of the bank was making sure it helped with the flow of credit.

Wall Street slides on tech sell-off, other world stocks flat

NEW YORK (Reuters) – Wall Street fell on Wednesday as investors sold off technology stocks, while shares from Asia to Europe were flat, while the dollar rose even as U.S. jobs data disappointed investors and virtual curreny bitcoin jumped.FILE PHOTO: Trader Frank Masiello talks on his phone on Wall St.

Pinterest Ad Summit: Ad Tools, Growth in Gen Z, Men, Plus Dan Levy

Pinterest’s first global advertising summit on Wednesday revealed a few surprises: Along with new ad products and growth in some surprising user segments, the company decided to add a little star power to its roster of speakers. While Pinterest executives and invited business guests comprised most of the speaker list,

Budget 2021 offers £5bn stimulus and no Sunak vision for economy

There are many figures contained in this budget but perhaps the most telling is a striking set of numbers announced by Rishi Sunak in the House of Commons. This budget, he said, contained around £65bn of measures to support the economy as it continues to battle COVID-19. But, he added,

The British government extends wage supports but looks toward the pandemic’s end.

Britain’s chancellor of the Exchequer, Rishi Sunak, announced a wide range of measures on Wednesday to support the country’s emergence from the pandemic, including an extension of the government’s wage-support program, billions of pounds in business grants and aid for art institutions and sports clubs. But Mr. Sunak also said

Renewable diesel boom highlights challenges in clean-energy transition

(Reuters) – For 17 years, trucker Colin Birch has been hitting the highways to collect used cooking oil from restaurants.Parkland Fuel’s refinery in Burnaby, British Columbia, Canada February 17, 2021. Picture taken February 17, 2021. REUTERS/Jennifer GauthierHe works for Vancouver-based renderer West Coast Reduction Ltd, which processes the grease into

Asian stocks edge higher, Aussie in demand on recovery signs

TOKYO/NEW YORK (Reuters) – Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast in the past year, and focused instead on optimism that more imminent U.S. stimulus will energise the global economic recovery.FILE PHOTO: A woman holding an umbrella