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The Job Market Shifted Into Lower Gear
  + stars: | 2024-05-03 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
After a winter of rapid growth in the American labor market, April’s jobs numbers delivered a more mixed picture. Employers added 175,000 positions, less than economists had expected and well below the average over the last year; and the unemployment rate climbed to 3.9 percent. “But really, the slowdown shouldn’t be a big surprise, and isn’t particularly worrisome.”Layoffs remained low and most job sectors appeared stable. Wage growth eased notably, though the unemployment rate remained under 4 percent for the 27th consecutive month — the longest stretch in more than 50 years. In fact, some economists said that the April data offered hopeful hints that the economy was headed toward a more stable footing.
Persons: We’ve, Ben Casselman, , ” Ben Organizations: Federal Reserve
Self-pardoning wasn't on the table at Thursday's Supreme Court hearing. The Supreme Court has never ruled on whether such a move would be permissible. The purpose of the hearing was for the Supreme Court to hear arguments over whether Trump should be immune from criminal prosecution for his conduct as president. He told Michael Dreeben, the lawyer representing Smith's team, that the question might be crucial as the Supreme Court deliberates the scope of presidential immunity. In order to obtain a pardon, he would have to be convicted and serve at least five years of a sentence.
Persons: Alito, , Donald Trump, could've, Trump, — Samuel Alito, Neil Gorsuch —, Jack Smith's, Smith, Gorsuch, he'll, We've, it's, Michael Dreeben, haven't, Gerald Ford, Richard Nixon, Dreeben, Joe Biden, Stormy Daniels Organizations: Thursday's, Trump, Service, NBC, Mar, DC Circuit, Justice Department's, Justice Department Locations: New York, Manhattan, Georgia
But a majority of Supreme Court justices appear ready to hand the former president an immediate victory. Still, the Supreme Court justices do not appear likely to dismiss the former president's claims quickly, raising the likelihood that Trump may not face trial for trying to overturn the 2020 election before November. He drew his arguments from an earlier Supreme Court case that mapped the line for presidential immunity in civil matters. The Supreme Court weighs Trump's immunity claim. It is possible that the Supreme Court could rule that a more detailed review of Trump's conduct is best left to a lower court.
Persons: Donald Trump, , Trump, Jack Smith, Trump's, you've, Brett Kavanaugh, Sauer, Kavanaugh, Tanya Chutkan, Smith, Joe Biden, it's, John Sauer, Jabin, Samuel Alito, Alito, Amy Coney Barrett, Barrett, Michael Dreeben, Dreeben, Ketanji Brown Jackson, Jackson, John Roberts, Jackon, Justice Alito, Roe, Wade, Anthony Kennedy's, Hodges, Neil Gorsuch Organizations: Service, Trump, Washington, Getty Locations: DC, Dobbs v, Obergefell
New York CNN —If you haven’t filed your 2023 tax return with the IRS yet and you still owe income tax for last year, the good news is you still have time to rectify those situations before you’re penalized for failing to do so. Some, however, get an extra day or two if they live in Maine, Massachusetts or Washington, DC, due to observed holidays. The IRS has also given an extension to individuals and businesses affected by the October 7 terrorist attacks in Israel. Keep in mind that this is only an extension to file your return and avoid a failure-to-file penalty. If you don’t pay what you owe by your tax-filing deadline you will also be hit with a failure-to-pay penalty.
Persons: Tom O’Saben, O’Saben, you’ve, , you’d, ” O’Saben Organizations: New, New York CNN, IRS, National Association of Tax Locations: New York, Maine , Massachusetts, Washington, DC, Israel
Private College 529 Plan locks in today's tuition rates, saving big on future costs and giving flexibility with school choice. Both LaShanda and Ben have been saving for their children's higher education using Private College 529 Plan. Learn more about setting your child up for success with Private College 529 Plan. When you save with Private College 529 Plan, you purchase tuition at then-current rates for each college in the plan. This post was created by Insider Studios with Private College 529 Plan.
Persons: Ben S, Ben, LaShanda, Spelman, they're, prepaying, It's, Roth Organizations: Private, Private College, College Board, Stanford, MIT, Princeton, Spelman College, Roth IRA, Insider Studios Locations: Arizona , Arkansas , Kansas , Maine, Minnesota , Missouri, Montana , Ohio, Pennsylvania
My sister, Nikki Addimando, was at the police station. I needed to pick up my nephew Ben, who was 4, and his sister Faye, who was 2. Over the course of the day I learned that my sister had shot and killed her partner, the father of her children, a person I had known for a decade. Eventually, I would learn that her partner, Chris Grover, was horrifically abusive, and she killed him to save her own life. It's easy to tell kids things are fine and they are safe.
Persons: Michelle Horton, Nikki Addimando, Ben, Faye, Chris Grover, Noah, Nikki, hadn't, Nikki wasn't, they'd, he'd, I've
What's on deckAdvertisementBut first, zombie, zombie, zombie-ie-ie-ie. AdvertisementThat's why zombie VCs pose such a problem for the industry. Sussing out the prudent investor from the penniless one takes time and effort, two things startups can't necessarily afford when times are tough. AdvertisementIs having a zombie VC as an investor the equivalent of a scarlet letter? If a partner jumps ship from a zombie VC, startups they backed will be in a tough spot.
Persons: , here's, Insider's Ben Bergman, Ben, it's, Alyssa Powell, Morgan Stanley, Goldman Sachs, Ray Dalio isn't, Sundar Pichai, Marissa Mayer, Yahoo's, Cory Doctorow, He's, Smashmallow, they've, Jack Teixeira, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, BI, Bridgewater, Bank of America, Trading, Google, Canadian, Singapore Locations: There's, Silicon Valley, British, Singapore, Israel, New York, London, Chicago
You get tax forms such as W-2s and 1099s from employers and financial institutions each year. "It's the [IRS] matching software that's the biggest, most consistent problem for taxpayers," said Bill Smith, national director of tax technical services at financial services firm CBIZ MHM. Since the IRS already has a copy of your tax forms, its software can easily flag missing forms, Smith explained. When to expect tax formsWhile many tax forms must be sent by Jan. 31, others won't arrive until mid-February or beyond. While most taxpayers will receive forms from their employers or financial institutions, some may not, especially for small amounts.
Persons: Bill Smith, CBIZ, Smith, Henry Grzes, Tom O'Saben, Jan, " Smith, O'Saben Organizations: IRS, American Institute of CPAs, National Association of Tax, NEC, SA
Moving to Thailand amid pandemic restrictionsBefore the move, the couple had considered buying property in the UK but realized they had limited options due to their budget. Ben/Life in ThailandUltimately, it made more sense for them to move to Thailand for the kind of lifestyle they wanted. Ben/Life in ThailandInstead of destroying his crop, the couple decided to give the farmer a couple of months to harvest. AdvertisementA lower cost of living than in the UKBen says that the cost of living in Thailand is much lower than in the UK. "It really documents not just the house build, but everything that we went through, including the horrendous flooding," Ben said.
Persons: , Ben, Anna, we'd, Thailand There's, We've, It's Organizations: Service, Business, YouTube Locations: Thailand, Cumbria, Nong Bua, Laos, Ben
—Tax credits, such as child tax credit, retirement savings contributions credit, etc. Earlier this month, Congress announced a bipartisan agreement to enhance the current child tax credit. The bill would incrementally increase the maximum refundable child tax credit to $1,800 for 2023 tax returns, $1,900 for the following year and $2,000 for 2025 tax returns. If you can’t see what your tax preparer is working on, get a copy of the tax return and ask questions about each of the entries. If you are due for a refund, you will not receive a penalty and you will receive your tax return payment.
Persons: Courtney Alev, ” Alev, Tom O’Saben, O'Saben, O’Saben, , ” O’Saben, , Alev, You’re, you’ve, It’s, ___, Charles Schwab, Organizations: , Credit Karma, Savings, IRS, National Association of Tax, Elderly, People, Social Security, Social, Center, Budget, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: United States
New York CNN —Come Monday, the IRS will start accepting and processing 2023 federal income tax returns. Pull out your return from last year: Your 2022 tax return will give you a good starting point for figuring out what documents you need to have handy to fill out this year’s return, said Tom O’Saben, director of tax content and government relations at the National Association of Tax Professionals. Here is a list of the most common and costly tax return mistakes the IRS has seen over the years. Lastly, the program cannot be used to file your state returns, so you’ll have to do that separately but your state may have its own free file program. (More details on the federal Direct File program are here.)
Persons: Tom O’Saben, you’ve, ” O’Saben, O’Saben, didn’t, you’re, filers, Katie Lobosco, Tami Luhby Organizations: New, New York CNN, IRS, Patriots, National Association of Tax, Social Security, Child, filers, Social Locations: New York, Maine and Massachusetts, brokerages, Arizona , California, Florida , Massachusetts, Nevada , New Hampshire , New York, South Dakota , Tennessee , Texas, Washington and Wyoming
New beginningChuck Stevens and Ben Di Rienzo bought a home in the town of Vinchiaturo Molise in southern Italy’s Molise, known as the ‘forgotten region.' “For the first couple of months, it felt like we were on vacation,” says Di Rienzo. “Just learning about real Italian life living. “The chefs in the area here really put their heart and soul into things,” says Di Rienzo. “The expectation of getting your house renovated within six months to a year, that’s not going to happen,” says Di Rienzo.
Persons: Charles “ Chuck ” H, Stevens, Berardino, Ben ” Di Rienzo, who’ve, ” Stevens, Di Rienzo, Chuck Stevens, Ben Di Rienzo, Ben DiRienzo, Covid, they’d “, , , Di Rienzo’s, “ Ben, ’ ”, ’ ” Di Rienzo, , ” Di, they’d, they'd, Max, “ We’ve, They’ve, they’ve, , he’s “, Rienzo, Ben DiRienzo “, that’s, It’s, I’m Organizations: CNN, CNN Travel, , US, Locations: Manhattan, New Jersey, “ New York, Italy, Vinchiaturo Molise, Italy’s Molise, Europe, United States, , Italian, Molise, Tuscany, Amalfi Coast, America, New York
Jeffrey Ubben, Founder & CEO at ValueAct Capital, speaks on the Reuters Newsmaker event "The Future of Shareholder Activism" in Manhattan, New York, U.S., February 22, 2017. Ubben told investors in a memo he was winding down some funds and returning capital, two people familiar with the matter said on Wednesday. Ubben and Inclusive Capital, known as InCap, did not respond to calls and emails for comment. Last year more hedge funds closed their doors than launched, data from Hedge Fund Research show. More than two decades ago, Ubben, 61, who started his career at mutual fund giant Fidelity, founded ValueAct Capital in San Francisco.
Persons: Jeffrey Ubben, Andrew Kelly, Jeff Ubben, Ubben, InCap, Martha Stewart, John Paulson, Louis Bacon, Svea Herbst, Bayliss, Sabrina Valle, Josie Kao Organizations: ValueAct, Reuters, REUTERS, Capital Partners, Inclusive, Hedge Fund Research, Fidelity, Microsoft, Street Journal, Exxon, Rad Laboratories, Unifi Inc, Bayer, Svea, Thomson Locations: Manhattan , New York, U.S, San Francisco, Houston
He worked his way up to making six figures, he said, but his income didn't necessarily make him wealthy. Using the 'money dials' spending philosophy to save $25,000 in one yearWhen Luebben got serious about saving, he started tracking his expenses to understand exactly where his money was going. He learned about a budgeting philosophy called money dials , coined by personal finance expert Ramit Sethi, and decided to implement it. Money dials are essentially spending categories like travel, health, food, and experiences that you can either turn up or down. Sethi encourages everyone to take the time to understand what money dials are the most important to them.
Persons: Brian Luebben, Luebben, Ramit Sethi, Sethi, spender, He'd, Brian Luebben Luebben, Academy didn't, He's, haven't Organizations: Academy, Action Academy Community Locations: Smyrna , Georgia, Georgia
The fortified necropolis and surrounding settlements were built near the Atlantic Ocean along the banks of the Bou Regreg river. The main excavation site has been closed for renovations since the pandemic and archaeologists have worked on expanding it since March. The footprint — including the extended site presented on Friday — is larger than that of Volubilis, widely visited ruins 111 miles (179 kilometers) east of Rabat. El Khayari and his team of archaeologists said the new discoveries further from the center of Chellah have never been subject to study. We are aiming for 1 million by developing this site, bringing it to life, setting up marketing, communications and everything.”
Persons: Abdelaziz El Khayari, El Khayari, , Mehdi Ben Said, Ben Said, Organizations: , Morocco’s National, of Archaeological Sciences, Heritage, UNESCO Locations: RABAT, Morocco, Bou, Rabat
Novo Nordisk and Eli Lilly reign over the anti-obesity drug market, and don't expect this duopoly to end soon, analysts say. All this goes on amid robust demand for Novo's semaglutide, which is sold as Ozempic for type 2 diabetes and as Wegovy for weight loss, and Lilly's tirzepatide, which hopes to receive regulatory approval for weight loss this year. Orforglipron is an oral drug Eli Lilly is developing. It has several other compounds in the pipeline, but Suvannavejh expects the weight loss drug to receive increased attention. "This range would also be competitive with LLY's orforglipron [an oral GLP-1 drug] weight loss at day 28," Smith said.
Persons: Eli Lilly, Piper Sandler, Yasmeen Rahimi, Cantor Fitzgerald, Louise Chen, Lilly, Lilly's, Chen, Price, Kyle Rasbach, We've, Rasbach, Altimmune Altimmune, NASH, Piper's, Rahimi, Cantor's Chen, it's, Eli Lilly's Mounjaro, Goldman Sachs, Chris Shibutani, David Risinger, Risinger, Jonathan Wolleben, Wolleben, Orforglipron, Graig Suvannavejh, Suvannavejh, Thomas Smith, LLY's, Smith, Yale Jen, Jen Organizations: Novo Nordisk, Pfizer, Novo, pharma, Pfizer Pfizer, danuglipron, Therapeutics, Leerink, Mizuho Securities, Viking Therapeutics Viking Therapeutics, Laidlaw & Co Locations: Novo, GLP, Eventide
The cause was a brain tumor, his son Ben said. Mr. Holden was writing the gossipy “Atticus” column — a frothy mix of politics and celebrity — for The Sunday Times in London when, in 1977, he was sent to cover Prince Charles’s visit to Canada to open the Calgary Stampede, a rodeo. The prince was sort of a dud assignment, but Mr. Holden made the best of it, even though the most interesting thing Prince Charles said to him was: “Married, are you? Fun, is it?”The column Mr. Holden wrote about the royal junket amused both Queen Elizabeth II and her son, now King Charles III, and Mr. Holden soon received a book deal to write a biography of Charles. Though he thought the subject was boring, the advance of 15,000 pounds was too large to turn down.
Persons: Anthony Holden, Shakespeare, Laurence Olivier, Lorenzo Da Ponte, Mozart’s, Ben, Holden, Atticus, Prince Charles’s, “ Atticus, , Brigitte Bardot, Rudolph Nureyev, Margaret Thatcher, Frank Sinatra, Prince Charles, , Queen Elizabeth II, King Charles III, Charles . Organizations: The Sunday Times, Calgary Stampede Locations: British, London, Canada, China
Taco Bell didn’t reveal if a financial settlement was involved. “The response we’ve seen over the last six months since taking action to free ‘Taco Tuesday’ is the exact reason we felt it was worth freeing it in the first place,” Taco Bell’s chief marketing officer Taylor Montgomery told CNN. However, Gregory’s owners proved harder to persuade, and they said that Taco Bell made them “look bad” during an August giveaway of free tacos. “For Gregory’s Restaurant and Bar, ‘Taco Tuesday’ brought a lot of pride over the past 40 years,” said co-owner Gregory Gregory. Therefore, I am not surprised that the Gregory’s waived the white flag and surrendered its trademark registration.”Gregory’s surrender marks the final hurdle of Taco Bell’s legal battle of eliminating the trademark from its two holders.
Persons: Taco, New Jersey —, Taco Bell, Bell, Taylor Montgomery, , , Gregory Gregory, , Josh Gerben, would’ve, ” Gerben, David Gibbs Organizations: New, New York CNN, Taco Bell, CNN, Yum Brands, ‘ Taco, Locations: New York, New Jersey, Somers Point , New Jersey, Bell’s, Mexican
RAFAH, Gaza Strip (AP) — The border crossing between Egypt and Gaza opened on Saturday to let desperately needed aid flow to Palestinians running short of food, medicine and water in the territory that is under an Israeli siege. More than 200 trucks carrying roughly 3,000 tons of aid, which had been positioned near the crossing for days, began heading into Gaza. Many in Gaza, reduced to eating one meal a day and without enough water to drink, are waiting desperately for the aid. Hundreds of foreign passport holders also waited to cross from Gaza to Egypt to escape the conflict. Israel said Friday it does not plan to take long-term control over the tiny territory, home to some 2.3 million Palestinians.
Persons: Israel, Judith Raanan, Natalie, Ben, Joe Biden, , Israel —, Yoav Gallant, , ” Gallant, Gallant, Mohammed Abu Selmia, ___ Magdy, Bassem Mroue Organizations: Hamas, U.S, International Committee, Associated Press, Health Ministry, Israel, Shifa, Palestine Red Crescent Society Locations: RAFAH, Gaza, Egypt, Israel, American, Qatar, Persian, Chicago, Nahal Oz, Rafah, Gaza’s, Palestine, Quds, Cairo, Krauss, Jerusalem, Beirut
I said please kill her because it would be better than being kidnapped,” Ovadia, 38, told CNN on Wednesday. He is one of many Israelis returning home from abroad as their country’s long-running conflict with Hamas escalates into a war not seen on this scale for a generation. But he abandoned those plans on Saturday when he learned of Hamas’ attack while in a mountain village in Nepal. Ilan FisherIlan Fisher, 29, is another Israeli expecting to be called up for reserve duty, he told CNN on Wednesday. “Being here is a lot more comforting than being away,” she told CNN.
Persons: Ben Ovadia, Kaddish, , ” Ovadia, don’t, “ Allahu Akbar, , Ovadia, Israir, Arkia, Guy, ” Israel, Doron Spielman, “ There’s, ” Spielman, ben, Ben, “ You’re, ” Ilan Fisher, Ilan Fisher Ilan Fisher, Fisher, Rachel Gold, Jessica Kane, Kane, ” Kane, Gold Organizations: CNN, El Al, Reuters, Palestinian Ministry of Health, Supernova, Israel Defense Forces, Israeli Central Bureau, Statistics Locations: Israel, London, Gaza, Lod, Tel Aviv, cybersecurity, United States, Ben, Nepal, Kathmandu, Asia, Australia, Melbourne, Toronto, New York
Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. The indictment was secured in September by Special Counsel David Weiss after a plea agreement between Hunter Biden and prosecutors collapsed in August. Many Republican lawmakers who have relentlessly criticized Hunter Biden lauded the Bruen decision. Cases now being litigated will help determine how far the Bruen ruling lets courts go in invalidating gun laws. Even if Hunter Biden gets the possession charge dismissed, there is still the matter of the two counts accusing him of false statements on the background check form.
Persons: Hunter Biden, Joe Biden, Jonathan Ernst, Joe Biden's, Bruen, David Weiss, Abbe Lowell, Biden, Maryellen Noreika, Lowell, Adam Winkler, Andrew Willinger, Hunter, Eric Ruben, Andrew Goudsward, Nate Raymond, Will Dunham, Scott Malone Organizations: REUTERS, Rights, Supreme, New York, U.S, District, Reuters, Mr, Democratic, Republican, UCLA, Duke University's Center, Firearms Law, Circuit, Appeals, Southern Methodist University, Thomson Locations: Wilmington , Delaware, U.S, Delaware, United States, New Orleans, Atlanta, Florida, Texas, Washington, Boston
Fast-fashion retailers like Zara, Shein and H&M are using resale platforms to reduce their carbon footprints, but the programs are projected to do little to reduce emissions, a new study released Tuesday found. The study analyzed five brand archetypes, spanning fast fashion to premium apparel, and how reselling previously owned items could affect their overall carbon emissions between 2023 and 2040. It found that fast-fashion retailers, which create about 11.5 kilograms (25.3 pounds) of carbon dioxide for every item they make, will only reduce their emissions by 0.7% with resale programs. Outdoor brands, like Patagonia and the North Face, create about 12.5 kilograms of CO2 per item and could reduce emissions by 15.8%, according to the study. Ruben said it takes a lot of work for fast-fashion retailers to implement resale programs, but "you're not getting a lot of juice for the squeeze."
Persons: Andy Ruben, Tory Burch, Ralph Lauren, they're, Ruben, you've Organizations: Trove, Deloitte, McKinsey, University of California, CNBC, Outdoor, U.S . Securities, Exchange Commission Locations: Guangzhou, China, Brazil, Zara, Shein, Berkeley, Patagonia, reselling
mug shot t-shirts ($34.00), beverage holders ($15.00 for two) and coffee mugs ($25.00). His son Don Jr. is marketing "FREE TRUMP" mug shot t-shirts ($29.99) and posters ($19.99). What legal rights, if any, Trump's campaign may have over the mug shot's reproduction are unclear, however. The former president told Fox News Digital in an interview Thursday night that he only did the mug shot because Georgia officials insisted. Rick Wilson, a co-founder of the Lincoln Project flogging mug shot wares online, dared Trump's campaign to sue him in a Friday post on X.
Persons: Donald Trump, Rudy Giuliani, Mario Anzuoni, Donald Trump's, Don Jr, Etsy, Taylor, David Kochel, Trump, Chris LaCivita, Josh Gerben, Trump's, you've, Rick Wilson, Gram Slattery, Nathan Lane, Blake Brittain, Jason Lange, Steve Holland, Heather Timmons, Rosalba O'Brien Organizations: REUTERS, Rights, Former U.S, Trump, Republican, Lincoln, Republicans, Reuters, U.S, Constitution, Fox News Digital, Thomson Locations: Los Angeles , California, U.S, Former, Georgia, Los Angeles, Iowa, New York, Fulton, Lincoln
mug shot t-shirts ($34.00), beverage holders ($15.00 for two) and coffee mugs ($25.00). His son Don Jr. is marketing "FREE TRUMP" mug shot t-shirts ($29.99) and posters ($19.99). What legal rights, if any, Trump's campaign may have over the mug shot's reproduction are unclear, however. The former president told Fox News Digital in an interview Thursday night that he only did the mug shot because Georgia officials insisted. Rick Wilson, a co-founder of the Lincoln Project flogging mug shot wares online, dared Trump's campaign to sue him in a Friday post on X.
Persons: Donald Trump's, Don Jr, Etsy, Taylor, CJ Butler, it's Trump, David Kochel, Trump, Donald Trump, Rudy Giuliani, Mario Anzuoni, Chris LaCivita, Josh Gerben, Trump's, you've, Rick Wilson, Gram Slattery, Nathan Lane, Blake Brittain, Jason Lange, Rollo Ross, Steve Holland, Heather Timmons, Rosalba O'Brien Organizations: Former U.S, Trump, Republican, Lincoln, Republicans, REUTERS, Reuters, U.S, Constitution, Fox News Digital, Thomson Locations: Former, Georgia, Los Angeles, Atlanta , Georgia, Iowa, New York, Los Angeles , California, U.S, Fulton, Lincoln
Verizon senior vice president of consumer marketing Nina Bibby is set to leave the company. Her impending departure comes months after that of former Verizon CMO Diego Scotti. Verizon's senior vice president of consumer marketing Nina Bibby has decided to leave the business to return to the UK from the US, a spokesperson for the company confirmed. Chief strategy officer and executive vice president Rima Qureshi stepped in to lead the centarl marketing team on an interim basis. Read the full email from Frank Boulben, chief revenue officer for Verizon Consumer Group, about Nina Bibby's departure below:Team -Nina Bibby, SVP of Consumer Marketing, has decided to return to the UK with her family and will be leaving Verizon.
Persons: Nina Bibby, Verizon's, Bibby, Arturo Picicci, Frank Boulben, ., Diego, Rima Qureshi, Hans Vestberg, Nina Bibby's, Nina, Frank Organizations: Verizon, Verizon CMO Diego Scotti . Telecommunications, LinkedIn, Verizon Consumer Group, . Bibby, O2, Virgin Media, Street Journal, Verizon Wireless, Mobile, Consumer Marketing, Revenue Locations: Boulben
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