Nick Barresi cuts the ceremonial grand opening red ribbon celebrating his ownership of CJ’s Pizza, 77 E. Main St., Westfield, recently. The new look of the dining room and menu embraces an updated eclectic style restaurant while keeping the traditional recipes. Some new items have been ...
NEW YORK — The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety. Companies are in the midst of an “earnings recession,” meaning profits have contracted for two straight quarters, starting with a 4.6% drop at the end of 2022. Profits for S&P 500 companies shrank just over 2% last quarter, compared with forecasts of a 6.7% drop. That brought some relief to Wall Street that the quarter wasn’t as bad as it could have been. But, analysts also expect more pain ahead. Analysts polled by FactSet now expect a 6.4% ...
The number of Americans filing for unemployment benefits rose slightly last week but remains at healthy levels that continue to show a strong U.S. labor market. U.S. applications for jobless claims were 232,000 for the week ending May 27, an increase of just 2,000 from the previous week. The weekly claims numbers are considered representative of the number of U.S. layoffs. The four-week moving average of claims, which flattens out some of the week-to-week volatility, fell by 2,500 to 229,500. Since the pandemic purge of more than 20 million jobs three years ago, the U.S. economy ...
WASHINGTON — Vending machines that have long been stocked with snacks are getting repurposed to distribute life-saving supplies to help fight the opioid epidemic. A growing number of cities and local governments are making so-called “harm reduction” items, including the ...
ANN ARBOR, Mich. — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt is a bigger priority for him than having a new vehicle. A 35-year-old grocery ...
NEW YORK — The hot jobs market has been defying a weakening economy and confounding the Federal Reserve for months, but now shows signs of cooling. The latest set of employment data from the government shows that job openings fell in March to their lowest level since April 2021. Layoffs ...
