Job Openings Jump to 14-Year High in April
U.S. job openings surged to 5.4 million in April, the highest since 2000, with gains in health care and social assistance, trade, transportation and utilities, and professional services. Hires dipped slightly to 5.0 million, while quits fell to 2.7 million, signaling a still-tight labor market and potential wage growth.
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Capital Economics
Airlines push carry on size limits to free overhead space
Eight international carriers including Air China Cathay Pacific Emirates Lufthansa and Qatar Airlines will roll out a non binding guideline to shrink carry on luggage to ease cabin storage. IATA spokesman Chris Goater said the measure aims to improve flow and space on planes.
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USA Snapshots Cheapest Week for Hotel Rooms
The report highlights a rare low point in hotel pricing with the week offering the cheapest room rates and the lowest average daily rate across major markets. Industry data shows pricing softness driven by slower demand and promotional rates from chains seeking occupancy.
Apple Music defined at WWDC as new streaming radio service
Apple unveils a new music subscription and Beats One Radio at WWDC with a 9.99 per month plan. iTunes Radio will be replaced by human curated Beats One while the iTunes Store remains, and iPhone users will see a new Apple Music tab on the front page.
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Deutsche Bank HQ raided amid securities tax fraud probe
German prosecutors searched Deutsche Bank's Frankfurt headquarters on suspicions linked to cum ex tax loophole abuses in client securities transactions. Bank officials say employees are not accused. probe details and other involved firms remain undisclosed. Other investigations touch currency manipulation and money laundering allegations.
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