Early seasonal hiring announcements indicate that the retail sector’s holiday job market will be stronger than last year, according to Challenger Gray & Christmas, specialists in outplacement and career transitions. Target Corp. (TGT) has announced plans to hire 100,000 seasonal workers, up from 70,000 last year, along with 4,500 workers for distribution and fulfillment centers. Michaels Companies Inc. (MIK) has announced plans to bring 15,000 workers on board for the season.
A Federal Reserve far more hawkish than expected sent the bulk of stocks lower on Wednesday, Sept. 20. The Dow Jones Industrial Average was flat and the S&P 500 fell 0.12%. The Nasdaq fell 0.4%. All benchmark indexes closed at records a day earlier -- the Dow for the sixth day in a row and the S&P 500 for its third. The Federal Open Market Committee, the decision-making arm of the Fed, announced that it would hold the federal funds rate at 1% to 1.25%, meeting economist expectations. Also as expected, the Fed said that it would begin unwinding its balance sheet, beginning with $10 billion a month. That amount will increase by $10 billion a quarter. By this time next year, that would put the
Population: Exceeds expectations. Amazon wants a metropolitan area with more than 1… more With a $1 billion sticker price and more than 4,000 highly paid employees, the Toyota North America headquarters consolidation in Plano ranks as the biggest project of its type ever to choose North Texas. Comparing the automaker's project side by side with Amazon’s highly hyped second headquarters, however, is like parking a tiny Toyota Prius next to a Toyota Sequoia full-size SUV. Amazon’s (Nasdaq: AMZN) projected employment of 50,000 full-time jobs at its new “HQ2“ is more than 10 times the number of jobs created by Toyota (NYSE: TM). The e-commerce giant's projected $5 billion capital expenditure cost