Special forces training, dogs and six-figure salaries – how law firms are trying to keep staff happy

Resilience training from former soldiers, dogs in the office and £ 160,000 salaries for juniors are just some of the ways London law firms are trying to keep their staff happy during a challenging period for morale. Salaries have spiraled in the sector since 2020, with pay topping £ 160,000 for newly qualified lawyers at … Read more

SpaceX employees say Elon Musk’s behavior is a ‘distraction and embarrassment’: report

A group of SpaceX employees reportedly wrote a letter to the company’s executives that detailed frustrations over the recent behavior and public statements of the company’s founder and chief executive, Elon Musk. According to the Verge, the publication that first reported on the letter’s existence, employees referred to Musk’s behavior as a “distraction and embarrassment” … Read more

Ford Is Adding Jobs, Spending More Money. The Stock Market Doesn’t Seem to Mind.

Text size The Ford logo Justin Sullivan / Getty Images Ford Motor made what it characterized as a major economic announcement Thursday. The company is adding more capital and labor in its efforts to win in electric vehicles. Ford (ticker: F) plans to hire 6,200 new unionized workers in the Midwest, converting about 3,000 temporary … Read more

Good news for home buyers? Fannie Mae chief economist says the US housing market has finally turned a corner. Here’s why.

The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 during the earliest days of the COVID-19 pandemic, offering … Read more

Raymond James boss Paul Reilly bets big on the UK: ‘I do not have a cap on the number of hires’

It is June 2016. The UK votes to leave the EU. Reports predict thousands of job losses and a severe decline in the City of London. That’s when bosses at Raymond James began the company’s push into European investment banking. Some questioned whether the US mid-market specialist’s foray into the UK and Europe would last. … Read more

After stocks plunged this week, here’s how to protect your finances during a period of uncertainty: ‘A hard landing will ultimately be unavoidable’

It’s been a hell of a week on Wall Street. The Dow Jones Industrial Average DJIA, -0.30%, the S&P 500 SPX, -0.57% and the Nasdaq Composite COMP, -1.40% all closed lower Friday after plunging on Thursday, shedding all of Wednesday’s post-Fed rally. The Federal Reserve on Wednesday hiked the benchmark interest rate by 50 basis … Read more