U S job postings rise in September while hiring slips
U S job postings climbed to 6.44 million in September from 6.35 million in August, the Labor Department said. Employers hired 5.87 million workers, down from 5.95 million, as firings fell to 1.33 million from 1.53 million, despite Census layoffs. The unemployment rate eased to 6.9 percent. UK unemployment rose to 4.8 percent in the three months through September as COVID-19 abates across the economy. A Taiwan semiconductor maker plans a 3.5 billion dollar Arizona plant to ease U S chip supply concerns.
MENTIONED IN THIS ARTICLE
U.S
Labor Department
U.K
Office For National Statistics
ONS
England
Treasury
Rishi Sunak
Singles Day in China Expected to Drive Major Online Spending
Chinese consumers are set to spend tens of billions during this year’s Singles Day, the world’s largest online shopping festival on November 11. Alibaba, JD.com and Pinduoduo lead discounts while luxury and imported products gain appeal amid pandemic recovery and travel restrictions.
MENTIONED IN THIS ARTICLE
Hong Kong
China
Alibaba
Jd.com
Pinduoduo
Tmall
Taobao
Oliver Wyman
Sean Shen
McKinsey
Bain & Company
Tang Chenghui
Beijing
Australia
Tang
U.S
Ford to add 350 jobs at two plants for EV production
Ford plans 150 new workers at the Kansas City Assembly Plant in Missouri to build the E-Transit full size van and 200 more at the Rouge Electric Vehicle Center in Dearborn Michigan for an all electric F-150. The company will invest 100 million dollars in Kansas City to expand an EV assembly line.
MENTIONED IN THIS ARTICLE
Detroit
Ford
Automaker
Kansas City
Claycomo
Missouri
Rouge Electric Vehicle
Dearborn
Michigan
Americas
Kumar Galhotra
Galhotra
Sterling Heights
Oakville
Ontario
Cuautitlan
Mexico
Simon Property Group Sees Q3 Rebound Amid Challenges
Simon Property Group reports $723 million in Q3 operating earnings, down slightly from the prior quarter and below pre pandemic levels. CEO David Simon stresses improved rent collection and resilience after COVID disruptions, fires, hurricanes, and civil unrest while outlining strategic moves including buying brands like Brooks Brothers and Lucky Brand via SPARC Group and pursuing J.C. Penney with Brookfield.
MENTIONED IN THIS ARTICLE
Simon Property Group
David Simon
California
Louisiana
Simon
Lucky
J.C. Penney
Authentic Brands Group
Brooks Brothers
Lucky Brand Jeans
Sparc Group LLC
Brookfield Property Partners
Simon’s
The
Gap
Cheesecake Factory
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Washington
London
Taipei
Taiwan
Apple Inc
Asia
Taiwan Semiconductor Manufacturing Co
Arizona
South Korea
Associated Press
NG Han Guan
By Binghui Huang and
Alexandria Burris
Indianapolis Star
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