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[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Switzerland’s inflation rate has dipped into negative territory for the first time in four years, fuelling bets that the country will return to sub-zero interest rates in a bid to stave off a deflationary slump and restrain a soaring currency.Annual inflation was minus 0.1 per cent in May, with prices for air transport and accommodation among those dragging on the consumer price index, data published on Tuesday showed. Prices rose 0.1 per cent month on month.Traders have increased their bets in…

[ad_1] CNN  —  The number of available jobs in the US unexpectedly increased in April, new data showed Tuesday, a potential indicator that the labor market isn’t yet buckling amid broader economic concerns. Job openings totaled an estimated 7.39 million at the end of April, up from 7.2 million in March, according to new data released Tuesday by the Bureau of Labor Statistics. The monthly Job Openings and Labor Turnover Survey showed how the US labor market — job openings, hires, quits and separations such as layoffs — is adapting as President Donald Trump’s sweeping (and frequently shifting) policy actions…

[ad_1] New York CNN  —  Middle-class and wealthier Americans are heading to Dollar General. That’s benefiting the company, but it could be a warning sign for the wider economy. Dollar General said Tuesday that sales at stores open for at least a year had increased 2.4% last quarter. The discount chain also raised its profit forecast for the year. “We believe we are well positioned to succeed in a wide range of economic environments,” CEO Todd Vasos said on a call with analysts Tuesday. The Trump administration’s trade policies have stoked uncertainty, raised fears of higher inflation and driven down…

[ad_1] The US and global economy are losing steam, and a key forecaster said President Donald Trump’s trade tariffs were part of the reason.In its latest Economic Outlook, released on Tuesday, the Paris-based Organization for Economic Co-operation and Development cut its forecast for US economic growth in 2025, pointing to the fallout from the administration’s trade policies. The 2.8% rate it predicted in March has now been reduced to 1.6%.The OECD warned that these tariffs, which have pushed the effective US import rate to 15.4% — the highest since 1938 — were not only affecting US growth but reverberating across…

[ad_1] You’ve had it drilled into you that networking is essential for your career.Yet, if you’re busy actually doing your job, it can feel like yet another thing on your list. So, you like a few posts on LinkedIn and move on.Increasingly, that’s not going to cut it, workplace observers told Business Insider. That’s especially true if you’re among the growing share of workers who feel restless and wouldn’t mind finding a new gig.Professional elbow-rubbing is becoming more important partly because many of us, especially desk workers, don’t have the leverage with employers that we did in the pandemic years,…

[ad_1] While luxury retailers are bumping up the prices of watches, the pre-owned market is sitting pretty.Douglas Kaplan, chief commercial officer at Bob’s Watches, told Business Insider that the company’s sales jumped 20% from March to the end of May. BI viewed documentation verifying the increase.Meanwhile, Switzerland-based Rolex, one of the most sought-after luxury watch brands, plans to raise prices for watches due to tariffs and the increasing cost of gold.Bob’s Watches is a marketplace for pre-owned watches. About 90% of its inventory is discontinued styles from collectors’ favorite luxury brands. Unlike the watches imported from Switzerland, Kaplan said his…

[ad_1] It’s June on Wall Street, which means more outdoor coffee chats, summer rentals in the Hamptons, and hordes of young people taking their inaugural steps toward a financial services career.Investment banking internships tend to kick off in early June, while training for first-year investment banking analysts typically starts a few weeks later.One of the top considerations undoubtedly on the minds of these newcomers is how to show their bosses they’re the right people to bet on for future promotions or job offers.In an effort to help them along, Business Insider asked people who’ve made it on Wall Street to…

[ad_1] A weeklong factory-wide shutdown at the Tesla factory in Austin featured training events for staffers who didn’t take time off — including one focusing on improving company culture.Business Insider obtained a recording of the session at which an internal training instructor asked staff at Elon Musk’s electric vehicle company to raise their hands if they felt their team’s culture could be improved.The instructor called for people to respond if they’d ever felt “I can’t work under these conditions” or had felt set back by constant change at the company.”I know I have,” the instructor told the employees.”A lot of…

[ad_1] The social network Blind had real juice when I wrote about it in June 2022. It gave 5 million tech workers a place to anonymously talk smack about their employers. Identified only by their workplaces, Blinders traded office gossip, swapped tips on acing technical interviews at places like Apple and Google, and voluntarily shared their Total Compensation — “TC,” in the site’s argot. Blind served as a giant, freewheeling water cooler for Silicon Valley.Back then, the tech industry was on the verge of what would be a catastrophic downturn in hiring. But Blinders didn’t seem worried. They were too…

[ad_1] London CNN  —  Kevin and Jessica Cellura had just 48 hours in December to make an enormous family decision. The couple, who both work as teachers, had to decide if they should take a job offer to teach in Morocco and leave Asheville, North Carolina, with their two youngest children. But the Celluras say their decision was made easier by the presidential election results just weeks earlier. “We will get away from the chaos … I feel like the America as we knew it growing up is slipping away pretty fast,” Jessica Cellura told CNN. The Celluras are part…