Dow tops 24000 as November rally strengthens
The Dow Jones rose 331.67 points to 24,272.35 amid broad gains on optimistic tax reform prospects. The S&P 500 gained 21.51 points to 2,647.58, and the Nasdaq added 49.58 as corporate earnings and a stronger economy supported a monthend market surge.
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Robots threaten 30% of U S jobs in coming decade
The Washington Post reports a McKinsey study predicting up to 70 million U S workers could need retraining by 2030 as automation rises. Office and administrative roles fall 20 percent while predictable physical tasks drop 30 percent. global impacts show Europe and Asia facing disruption. Caregivers and creatives retain more security.
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Fruit to Your Door subscription for Fruit of the Loom briefs
Berkshire Hathaway owned Fruit of the Loom launches Fruit to Your Door a six pack underwear subscription offering 30 percent off with biannual reorders. The service targets men and women in the U S and can be gifted. It follows peers Me Lndies and Panty Drop as subscription models expand in consumer goods.
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Simmons fallout widens as HBO cuts ties
The music mogul Russell Simmons faces ongoing fallout after multiple women accuse him of sexual misconduct. HBO ends ties with Simmons though All Def Comedy will air without him. JC Penney stops selling Argyleculture products. Simmons also steps down from his businesses following Jenny Lumet's 1991 accusation.
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