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Bond Trader Bets on Fed Hike Poised for Gut Check From Jobs Data

Workers erect scaffolding at the site of an office tower under construction at 350 Park Avenue in New York, US, on Friday, May 15, 2026. Vornado Realty Trust's 62-story development on Park Avenue for Ken Griffin's Citadel is at risk due to New York City Mayor Zohran Mamdani's comments on a new tax proposal.

Bloomberg Markets 9d ago

Meta funds skilled trades jobs program for AI data center buildout

Meta funds skilled trades jobs program for AI data center buildout NEW YORK, June 8 : Meta is investing $115 million to stand up a new training program for data center technician jobs, as the social media giant races to build the infrastructure to power its AI ambitions. The cost-free program, America's Workforce Academy, will end in guaranteed job offers to graduates, the company said in a statement.

Channel News Asia 1d ago

AI Job Grief: The Unnamed Psychological Crisis Hitting Tech Workers

AI Job Grief: The Unnamed Psychological Crisis Hitting Tech Workers In the summer of 2025, an Epic Games layoff cut a worker who was a terminally ill father. According to the most-discussed account of the episode, his family lost his life insurance along with the job.

Hacker News 11d ago

Outsourcing jobs in Philippines and India come under threat as workers race to adapt to AI

Outsourcing jobs in Philippines and India come under threat as workers race to adapt to AI Millions of employees power the world’s two outsourcing giants, but automation is starting to replace tasks they once handled. When will the full scale of disruption hit and how might they have to rethink the future, CNA’s Insight asks. MANILA and BENGALURU:

Channel News Asia 5d ago

The top 10 highest-paying jobs for teens in the U.S.—No. 1 isn't retail or food service

Having a part-time job is a rite of passage for many American teenagers, especially in the summer months. A May 5 report from Resume Genius, an online career platform and resume builder, identified the highest-paying jobs for teenagers, based on data from the U.S. Bureau of Labor Statistics. The top job on the list is car technician and mechanic, with a median hourly wage of almost $24.

CNBC 8d ago

LA Hotels hit by largest job losses in a decade as 'Olympic Wage' mandates bite, data shows

The Los Angeles hotel industry is shedding jobs at its steepest rate in a decade outside the pandemic, according to a new analysis of federal labor data, as local businesses struggle to stay afloat under some of the most aggressive minimum wage mandates in the country. An analysis by the Employment Policies Institute (EPI) of newly released U.S. Bureau of Labor Statistics (BLS) figures revealed that Los Angeles County's hotel and motel sector lost 1.7% of its workforce in December 2025...

Fox News 17h ago

Here are the 4 big things we're watching in the stock market in the week ahead

Earnings season isn't over just yet. Plus, there are plenty of other important updates coming our way this week, from influential tech conferences to jobs data and spin-off milestones. Let's dive into it all.

CNBC 10d ago

pg_durable: Microsoft open sources in-database durable execution

Long-running, fault-tolerant SQL functions for teams that already keep their state in Postgres and want to stop stitching together cron jobs, workers, queues, and status tables to make background work reliable. Define the workflow in SQL, let pg_durable checkpoint each step, and resume after crashes, restarts, or failed steps. Durable execution is now a standard industry pattern, and pg_durable brings it inside Postgres with no extra service infrastructure required.

Hacker News 5d ago

Ex-Meta employee celebrates court crackdown on $100K H-1B fee proposal

An ex-Meta employee is celebrating the strike down of the Trump administration's increased H-1B visa fee. Zach Wilson, a former data engineer at the Mark Zuckerberg-owned company took to X to honour the announcement. He shared that for the past 6 months, when his Indian students asked "How do I get a data engineering job in the US?"

Times of India 1d ago

Meta layoffs: What WARN filing reveals about state where employees are impacted

The artificial intelligence (AI) restructuring across the tech sector appears to have hit California, as social media giant Meta cut thousands of local jobs in its latest round of mass layoffs. Citing Worker Adjustment and Retraining Notification (WARN) filings, a report has revealed exactly where the ax fell hardest. Citing the documents released, which are legally required government documents that companies must file before a mass layoff, The New York Post reported that Meta eliminated...

Times of India 8d ago