Finance

Investing for Social Impact Is Complicated. Here Are 4 Ways to Simplify It.

Investing in companies or organizations that make a positive change on society can be a bit like indulging in a vice: A lot of people might enjoy it privately, but they’re not comfortable talking about it publicly. When asked about this strategy, known as impact investing, investors typically give a lukewarm response or sidestep the […]

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The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

The labor market the United States is experiencing right now wasn’t supposed to be possible. Not that long ago, the overwhelming consensus among economists would have been that you couldn’t have a 3.6 percent unemployment rate without also seeing the rate of job creation slowing (where are new workers going to come from with so

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Latest Rash of Scam Calls Come From ‘Social Security’

Move over, Internal Revenue Service. Criminals now prefer the Social Security Administration as their cover agency when they try to swindle Americans over the phone. The I.R.S. has long been a popular choice for telephone scammers, who call pretending to be federal tax representatives to extract money, personal information, or both, from consumers. But federal

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U.S. Added 263,000 Jobs in April; Unemployment Rate at 3.6%

The Labor Department released the April data on hiring and unemployment on Friday morning, providing an up-to-the-minute snapshot of the economy. The Numbers Average hourly earnings rose by 0.2 percent, which follows an increase of 0.1 percent in March. Over the last 12 months, earnings have risen by a healthy 3.2 percent, a hair’s breadth

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India Evacuates More Than 1 Million People As Cyclone Fani Closes In

BHUBANESHWAR, India/NEW DELHI, May 3 (Reuters) – India has evacuated more than a million people living along its east coast ahead of an extremely severe cyclone that is due to make landfall on Friday afternoon, government officials said. Cyclonic storm Fani, which has been churning up the Bay of Bengal, is currently about 150 km

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Why Wages Are Finally Rising, 10 Years After the Recession

For years it was the central question in an otherwise impressive recovery by the American job market: Why aren’t wages rising faster? Unemployment was low. Hiring was strong. Corporate executives were complaining that they could not find people to fill all of the available jobs. Yet workers’ paychecks were growing only sluggishly, barely outpacing inflation.

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Beyond Meat fattens up as shares more than double in IPO

Investors have a big appetite for fake meat. The shares of Beyond Meat, the purveyor of plant-based burgers and sausages, more than doubled Thursday in its Nasdaq debut. It’s the first pure-play maker of vegan “meat” to go public, according to Renaissance Capital, which researches and tracks IPOs. Beyond Meat raised about $240 million selling

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Manufacturing Can’t Create Enough Jobs. Infrastructure Can.

Manufacturing is not shrinking in the United States. Quite the contrary, production is growing, and it appears that corporate America — and corporate Europe and corporate China for that matter — intends to put even more factories in this country. But jobs in manufacturing are another matter. Unlike big infrastructure projects, which are under discussion

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