Author: News Room

Normally a big increase in new U.S. jobs is cause for celebration. Not right now. The Federal Reserve sees a tight labor market as a big obstacle in getting high inflation under control and wants hiring to slow as soon as possible, but it might not get its wish in March. Here’s what to watch in the U.S. employment report due on Friday morning. The forecast The economy is expected to add 238,000 jobs in March, according to economists polled by The Wall Street Journal. The U.S. created an estimated 311,000 jobs in February and 504,000 in January. Both easily…

If you’re a loyal worker, you’re also likely to be an exploited worker.  That’s the key takeaway from a new study led by Matthew Stanley, a postdoctoral researcher at Duke University’s Fuqua School of Business. Stanley’s findings appeared in a recent issue of the Journal of Experimental Social Psychology — and the title of the paper pretty much says it all: “Loyal Workers Are Selectively And Ironically Targeted For Exploitation.” Stanley’s research involved asking hundreds of managers to determine how much work to dole out among employees in fictional scenarios. In the experiments, the employee who was identified as “loyal”…

Dogecoin tumbled on Friday after Twitter changed its homepage logo back to the blue bird, ditching as an icon the Shiba Inu dog that represents the meme cryptocurrency and putting an end to a rally in prices. The price of Dogecoin has fallen 9% over the past 24 hours, having now dropped almost 20% since the peak hit earlier this week after Twitter changed its logo to that of the Shiba Inu icon late on Monday. Prices are now some 5% above where they were before Twitter’s surprise move, which kicked off a rally that saw the so-called memecoin surge…

Shares of exchange-traded funds focused on energy were surging Monday after a large group of oil producers known as OPEC+ surprised markets with a planned cut in crude production. Shares of the Energy Select Sector SPDR Fund XLE, -1.52% were up 3.9% around midday Monday, while the Vanguard Energy ETF VDE, -1.48% rose 4.1%, and SPDR S&P Oil & Gas Exploration & Production ETF XOP, -1.41% climbed 3.4%, FactSet data show, at last check. The United States Oil Fund LP USO, +0.03% was trading 5.4% higher, on pace for its largest daily percentage increase since March 2022. On Sunday, OPEC+…

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. After writing several previous newsletters on the stunning rise in opioid overdoses in the US, including among adolescents, I thought it was worth taking a look at what happens after an overdose, particularly for adolescents. I talked to Dr. Sivabalaji Kaliamurthy about what he’s encountering. A child and adolescent addiction psychiatrist who is board certified in general psychiatry, child psychiatry and addiction psychiatry, Kaliamurthy is also the director of the addiction clinic at Children’s National Hospital in Washington,…

Iraq has demanded an apology from Turkey over a drone strike that targeted a Syrian Kurdish leader who is a key western ally in the fight against Islamic State.Iraq’s president on Saturday called the attack on Friday a “flagrant aggression on Iraq and its sovereignty”. “In this regard we call on the Turkish government to take responsibility and present an official apology,” Iraq’s presidency said in a statement, adding that Ankara had no legal justification to continue “terrorising civilians under the pretext that forces hostile to it are present on Iraqi soil”.The strike reportedly targeted Mazloum Abdi, the commander-in-chief of…

The latest employment report points toward further interest rate hikes by the Federal Reserve. Although there is no one-to-one connection between employment and Fed policy, Jerome Powell has emphasized that future decisions will be driven by new data. And no other data matches the importance of employment. The inflation that the Fed is fighting results from too much stimulus relative to the country’s productive capacity. Whatever transitory elements were in the 2021-22 inflation acceleration have gone away. Now we must confront excessive demand. Rising interest rates will dampen activity-and employment-in the interest rate-sensitive portions of the economy. That will lead…

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Self-proclaimed Bitcoin creator Craig Wright has hinted at a possible legal battle against Apple over the storage of Bitcoin white paper on its computers, claiming it violates copyright laws. In response to a Twitter user who asked if Apple might be “in breach of copyright” for storing the Bitcoin white paper on its computers, the Australian computer scientist said: “Yes.” Wright has long claimed that he is the pseudonymous creator of Bitcoin, Satoshi Nakamoto. The computer scientist has also argued that his intellectual property rights have been infringed upon by Bitcoin spin-offs derived from the cryptocurrency since he created the original blockchain. He has…