Will Trump bring back jobs? Pennsylvanians say, yeah right

William Schwoyer sighs deeply as he looks down Corporate Center Drive in Reading, Pennsylvania. Factory after factory has shut. For 37 years, Schwoyer has been a machine operator at Neenah Paper. But he just got word that his plant is closing. He’ll be jobless by Christmas. “I started there when I was 19,” said Schwoyer, […]

Obama warns of the danger of AI wiping out jobs

President Obama joined a chorus of those warning of the potential downsides of artificial intelligence. In an interview with Wired Magazine, Obama spoke of redesigning the social compact and starting a conversation around fair wages. He cited teachers as being underpaid, and called for a reexamination of what we value, and what we’ll pay for. […]

The Obama economy has now created 15 million jobs

President Obama is now taking credit for creating 15 million jobs. That’s how many new jobs have been created since the dark days of the Great Recession. Another solid month of hiring in September has brought the tally to over 15 million non-farm jobs. “Anyone claiming that America’s economy is in decline is peddling fiction,” […]

Pound flash crash; U.K. airlines slump; U.S. jobs report

1. Pound crashes: Investors in Britain woke up to discover the pound suffered a mysterious flash crash during the wee hours of the night, plunging 6% to $1.18. The currency quickly recovered most of its losses to trade around $1.23. The jury is still out on what triggered the brief episode, but computer trading algorithms […]

September jobs report: 4 things to know

America is getting one of its last checkups before the election. The Labor Department will publish the September jobs report at 8:30 a.m. ET Friday. Amid campaign promises of better jobs, wages and economic growth, the report serves as a reality check. And this one could be historic. Here are four things to know about […]

Possible security gap allowed NSA contractor to shift highly sensitive jobs

Harold Martin was removed from a contract position at the National Security Agency in the past year following conflicts with co-workers, but that ouster did not prevent him from getting a different contract job in the government, US officials briefed on the investigation tell CNN. Booz Allen Hamilton, his employer, moved Martin to a new […]

Americans like their jobs, but worry about keeping them

Americans generally enjoy what they do for a living, but they are concerned about diminishing job security. So finds a new report from the Pew Research Center, in association with the Markle Foundation. The study looked at how the shifting economic landscape is reshaping work and society. The findings are based on interviews with 5,006 […]

Theranos cutting hundreds of jobs as it shutters labs

Embattled blood-testing firm Theranos is downsizing. In an open letter to stakeholders, CEO Elizabeth Holmes said the startup is closing its clinical labs and Theranos Wellness Centers. She said the closures would affect 340 employees in Arizona, California and Pennsylvania. Theranos said this summer that it employed between 700 and 900 people. “We are profoundly […]

Remembering Steve Jobs on the 5th anniversary of his death

Bryson Gardner was in a meeting at Apple’s headquarters on October 5, 2011, when he received a text from his wife: Steve Jobs had died. Gardner, who directed development for various iPod and iPhone models, remembers being struck by “an immediate realization of the impact of Steve Jobs on creating the company and changing the […]

Brexit plan hits pound; ING cuts 5,800 jobs; Tesla delivers

1. Brexit plan hits the pound: The pound slumped 0.8% to $1.28 on Monday after Prime Minister Theresa May said the U.K. would begin the formal process of leaving the European Union by the end of March 2017. The currency is now hovering just above the 30-year low it hit earlier this summer following the […]

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