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Labor Secretary Acosta Resigns Amid Epstein Controversy

  • Labor Secretary Acosta Resigns Amid Epstein Controversy Labor Secretary Acosta Resigns Amid Epstein Controversy 1:04
    Hiring Rebounds in March: What You Need to Know Hiring Rebounds in March: What You Need to Know 1:10
    The February Jobs Report: What You Need to Know The February Jobs Report: What You Need to Know 2:04
1:25 p.m. July 17, 2019 - By Chris Matthews
Stocks notch back-to-back losses and Dow transports shed 3.6% Bank of America beats earnings estimates on retail businessU.S. stocks end lower for a second straight session Wednesday as investors digest mixed earnings results and economic data, while a lack of progress on the Beijing-Washington tariff dispute remained a headache.
12:16 p.m. July 17, 2019 - Associated Press
Just 37% of agriculture researchers accept mandatory job transfers to Kansas City from Washington, D.C. USDA employees had only about a month to decide whether to follow their jobs out of WashingtonUSDA employees had only about a month to decide whether to follow their jobs out of Washington
11:59 a.m. July 17, 2019 - By Andrew Keshner
Jeffrey Epstein’s astronomical bail proposal could get 6,000 defendants out of jail The multi-millionaire wants to be put under house arrest at his Upper East Side mansion The multi-millionaire wants to be put under house arrest at his Upper East Side mansion.
11:58 a.m. July 17, 2019 - By Andrew Keshner
Most new parents are not prepared for how a child affects their career and finances Men and women are affected by parenthood differentlyMen and women are affected by parenthood differently.
10:34 a.m. July 17, 2019 - By Nicole Lyn Pesce
Disney heiress ‘livid’ after going to one of her family’s theme parks Abigail Disney said distressed workers told her about ‘foraging for food in other people’s garbage’Abigail Disney said distressed workers told her about “foraging for food in other people’s garbage.”
8:11 a.m. July 17, 2019 - By Alicia H. Munnell
ESG — or socially responsible — funds may soothe your conscience but could weaken your portfolio Despite the hype, new study concludes ESG funds hurt returnsDespite the hype, new study concludes ESG funds hurt returns.
6:40 a.m. July 17, 2019 - Associated Press
Did Tupac Shakur play a role in Iowa social-services director’s abrupt ouster? The agency released 350 pages of emails with the words ‘Tupac’ or ‘2Pac’ sent to and from Jerry Foxhoven during his two-year tenure atop the state agencyEmails obtained by the Associated Press show that Iowa Department of Human Services Director Jerry Foxhoven routinely sent messages to employees lauding Shakur’s music and lyrics even after at least one complained to lawmakers. Then last month, he sent another such email to all 4,300 agency employees. He was abruptly ousted from his job the next work day.
4:47 a.m. July 17, 2019 - By Lisa Woll
Critics of ESG funds are wrong — sustainable investing delivers competitive returns Sustainable investing now represents one in four dollars of the $46.6 trillion in U.S. assets under managementSustainable investing now represents one in four dollars of the $46.6 trillion in U.S. assets under management.
4:46 a.m. July 17, 2019 - By Brett Arends
Disneyland workers, stop being goofy and instead be as selfish as your CEO Work somewhere else. Somewhere that treats you better.Instead of complaining about working conditions, quit. Unemployment is low. So work somewhere that treats you better.
10:25 a.m. July 16, 2019 - By Andrew Keshner
Amazon is spending $700 million retraining workers, but critics say it wants ‘applause’ for addressing a problem it created Labor unions say the company could be spending its time and energies on more immediate problemsLabor unions say the company could be spending its time and energies on more immediate problems.
4:46 a.m. July 16, 2019 - By Jeanette Settembre
Amazon workers strike to protest working conditions on Prime Day — labor union says ‘human beings are not robots’ Prime Day is pushing workers to protest unfair labor conditions, low-wages during Amazon’s biggest deal day of the year Prime Day is pushing workers to protest unfair labor conditions, low-wages during Amazon’s biggest deal day of the year
1:16 p.m. July 14, 2019 - By Meera Jagannathan
Amid new Jeffrey Epstein allegations, here’s how to help a victim of child sex trafficking Experts share how to spot the signs of child exploitation and ways you can helpExperts share how to spot the signs of child exploitation and ways you can help.
12:52 p.m. July 14, 2019 - By Dan Strumpf
Huawei plans major U.S. layoffs as it copes with Trump administration blacklist Hundreds of Futurewei workers at U.S. research labs could be affectedHuawei Technologies Co. is planning extensive layoffs at its U.S. operations, according to people familiar with the matter, as the Chinese technology giant continues to struggle with its American blacklisting.
4:14 a.m. July 14, 2019 - By Meera Jagannathan
Here’s what 2020 Democratic candidates have said about universal basic income Businessman Andrew Yang has centered his campaign around a $1,000-a-month universal basic incomeBusinessman Andrew Yang has centered his campaign around a $1,000-a-month universal basic income.
5:33 p.m. July 12, 2019 - Barrons.com
What Killed the VW Beetle? One Villain: Americans’ Love of Light Trucks Volkswagen started making the small car eight decades ago in Germany and ceased production this past week at its plant in Mexico. In its place: a new sports utility vehicle.
5:00 p.m. July 12, 2019 - Barrons.com
Make Friends With PayPal The old-fashioned name belies some very smart software that makes it a buy. Also, analysts’ views on Align Technology, American Airlines, and Wynn Resorts.
5:00 p.m. July 12, 2019 - Barrons.com
Improving Markets Remain Uneasy Traders find reasons to worry
9:33 a.m. July 12, 2019 - Associated Press
Alex Acosta resigns as labor secretary over secret plea deal with Jeffrey Epstein in 2008 Acosta said he is resigning after scrutiny of his handling of a deal with Epstein, who is accused of sexually abusing dozens of underage girlsAcosta said he is resigning after scrutiny of his handling of a deal with Jeffrey Epstein, who is accused of sexually abusing dozens of underage girls.
6:11 a.m. July 12, 2019 - By Greg Robb
June PPI shows continued muted inflation pressures Wholesale prices up 1.7% year-on-year, lowest in more than two yearsThe producer price index rose 0.1% in June, the Labor Department said Friday.
1:02 a.m. July 12, 2019 - By Anna Helhoski
4 colleges where you can work for your tuitionGaining work experience while getting an education is pretty sweet. Here’s where you can do that.
4:53 a.m. July 11, 2019 - By Jacob Passy
Companies use this creative trick keep wages stagnant, even in a strong economy One reason wages aren’t rising faster: companies making some creative moves to their corporate hierarchyOne reason wages aren’t rising faster: companies making some creative moves to their corporate hierarchy.
12:08 p.m. July 10, 2019 - By Bob Fredericks
Acosta defends role in Epstein plea deal Embattled Labor Secretary Alexander Acosta defended himself Wednesday against charges that he mishandled a sex trafficking case involving billionaire financier Jeffrey Epstein, refused to apologize to the accused perv’s victims and pointed the finger at state prosecutors.
8:43 a.m. July 10, 2019 - Associated Press
Labor Secretary Acosta to make statement about his handling of Epstein case in FloridaLabor Secretary Alex Acosta plans to make a statement Wednesday regarding his handling of a sex-trafficking case involving now-jailed financier Jeffrey Epstein as Democrats intensify their calls for the secretary to resign.
9:54 a.m. July 9, 2019 - Barrons.com
Beyond the 737 MAX: What Airline Investors Should Really Obsess Over The impact of the worldwide grounding of Boeing’s troubled single-aisle jet is small and will be temporary. It barely cracks the top five issues airline investors should be worried about.
6:03 a.m. July 9, 2019 - By Victor Reklaitis
Pelosi: Trump’s labor secretary should resign over Epstein | Republican senators back Fed’s Powell Columnist says Democrats’ 2020 goals should include winning Senate and admitting 2 new statesHouse Speaker Nancy Pelosi late Monday tweeted that the Trump administration’s labor secretary, Alexander Acosta, should resign. Meanwhile, Republican senators don’t share President Trump’s view of the Fed’s Jerome Powell.
11:38 a.m. July 8, 2019 - By Sara Ventiera
10 cities in America with the best emerging restaurant scenes ‘Incredibly creative chefs are finding it more and more difficult to make it in New York City’“Incredibly creative chefs are finding it more and more difficult to make it in New York City.”
6:36 a.m. July 8, 2019 - Associated Press
New sex-trafficking charges in New York allege Jeffrey Epstein abused dozens of girls as young as 14Eleven years after letting Jeffrey Epstein off lightly with a once-secret plea deal, the U.S. government is taking another run at putting the wealthy sex offender behind bars with new sex-trafficking charges alleging he abused dozens of underage girls as young as 14.
8:29 p.m. July 7, 2019 - By Associated Press
Asia stocks slide Monday in wake of U.S. jobs report that undercut market hope for aggressive Fed rate cutEquity-market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined on Monday after relatively strong U.S. employment data reported Friday tempered hopes the Federal Reserve will cut interest rates later this month.
1:04 p.m. July 7, 2019 - Associated Press
Politically connected financier Jeffrey Epstein reportedly in federal custody in N.Y. over new sex-trafficking charges Federal prosecutors recently filed papers in Florida arguing that the nonprosecution agreement Epstein secured a decade ago from then–Miami U.S. Attorney Alexander Acosta, now a member of the Trump cabinet, must not be undoneWealthy financier and registered sex offender Jeffrey Epstein is due in court following an arrest in New York on new sex-trafficking charges involving allegations that date to the early 2000s, according to law enforcement officials.
11:00 a.m. July 7, 2019 - Barrons.com
Pepsi, Delta, and Other Stocks to Watch This Week Second-quater earnings season kicks off this week, and investors will also be looking out for two sets of economic data that will take the measure of June inflation.
3:24 a.m. July 6, 2019 - By Kari Paul
Advocates say the fastest way to help immigrants separated from their children: Post their bail The Department of Homeland Security’s watchdog details ‘dangerous overcrowding’ in migrant centers The Department of Homeland Security’s watchdog details ‘dangerous overcrowding’ in migrant centers.
5:46 p.m. July 5, 2019 - Barrons.com
Earnings Season is Coming and Expectations Couldn’t Be Much Lower This earnings season, zero is the number to beat. Companies in the S&P 500 are expected to report flat earnings during the second quarter compared with a year ago. The reality isn’t so simple.
4:53 p.m. July 5, 2019 - Barrons.com
The Stock Market May Be Pointing to Trump’s Reelection Much can change before 2020, but the S&P 500’s recent move to a record appears to reflect growing expectations that Trump will win.
6:32 a.m. July 5, 2019 - By Barbara Kollmeyer
A ‘mini bubble’ will get the S&P to its next record high, says Barclays Critical information for the U.S. trading dayCount on those rate cuts and stocks bursting higher this year, says our call of the day from Barclays strategists, who see a “mini bubble” ahead for the S&P 500.
6:14 a.m. July 5, 2019 - By Chris Matthews
Bank stocks, bond yields rise after better-than-expected jobs reportFinancial stocks were the only one of 11 S&P 500 sectors showing gains Friday morning, after a better-than-expected jobs report led to a rise in bond yields, due to greater optimism toward the health of the U.S. economy. Financial stocks, as measured by the Financial Select Sector SPDR Fund added 0.3%, while the Dow Jones Industrial Average , S&P 500 index and Nasdaq Composite index were all down more than 0.5%. Top performers Friday morning include Goldman Sachs Group Inc. , JP Morgan Chase & Co. , Citizens Financial Group Inc. and Regions Financial Corp. . The yield on the 10-year U.S. Treasury note rose 10 basis points to 2.051% after the Labor Department said Friday morning that the U.S. economy added 224,000 new jobs in June, above economists expectations of 170,000, per a MarketWatch poll. The report showed job gains in every sector of the economy, while wage growth held steady at 3.1% year-over-year. Financial shares have helped lead stocks higher over the past three months, up 5.6% since early April, according to FactSet.
4:36 a.m. July 5, 2019 - By Mark DeCambre
U.S. stock-index futures slip after report shows a better-than-expected 224,000 jobs created in June U.S. stock-index futures added to modest losses Friday morning after a report on the domestic jobs market came in better than expected. The Labor Department showed that 224,000 jobs were created last month, with the unemployment rate at 3.7%, signaling employment in the U.S. that remains healthy -- a point that could raise some doubts about a coming rate cut by the Federal Reserve. Futures for the Dow Jones Industrial Average were off 67 points, or 0.3%, at 26,906, while those for the S&P 500 index fell 9.05 points, or 0.3%, to 2,990.75, and Nasdaq-100 futures were trading 0.4% lower at 7,852.
10:19 a.m. July 3, 2019 - By Myra P. Saefong
Gold futures score highest finish in over 6 years Palladium futures climb to a fresh record highGold futures notch back-to-back gains on Wednesday, settling at their highest in over six years, as expectations grow for loose global monetary policy, boosting the appeal of the yellow metal.
9:22 a.m. July 3, 2019 - By Chris Matthews
S&P 500, Dow and Nasdaq close at record high levels in short session ahead of July Fourth holiday Tesla shares surge on deliveries; Symantec soar on Broadcom buyout talkStocks close at record levels as investors cheer signs of easy monetary policy ahead of the July Fourth holiday.
8:24 a.m. July 3, 2019 - By Greg Robb
ADP: U.S. adds modest 102,000 private-sector jobs in June Job gains of 102,000 below consensus forecasts of 140,000The U.S. created a seasonally adjusted 102,000 private-sector jobs in June, payroll processor ADP said Wednesday, up from a revised 41,000 in May.
7:07 a.m. July 3, 2019 - By Jacob Passy
LGBTQ Americans have a long way to go for economic equality LGBTQ Americans may have the right to marry, but they must still grapple with a series of persistent financial issuesLGBTQ Americans may have the right to marry, but they must still grapple with a series of persistent financial issues.
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