Americans Growing Worried About Losing Their Jobs, Labor Survey Shows

The Justice Department charged Carl Erik Rinsch with an $11 million scheme to defraud Netflix by securing funding for a science-fiction series but using the money for personal investments instead. Mr. Rinsch was arrested and charged with wire fraud, money laundering, and engaging in monetary transactions derived from unlawful activity. After Netflix canceled the series due to Mr. Rinsch's erratic behavior, he went on a spending spree with the remaining production money, leading to Netflix...

Financial markets are closely monitoring the Federal Reserve's comments on future interest rates, as well as any potential adjustments to the ongoing balance sheet runoff known as quantitative tightening (QT). This dual focus highlights the significance of not only rate decisions but also the Fed's efforts to reduce its balance sheet. Investors are keenly aware of both factors and their potential impact on market dynamics. Full Article

Investors looking to top up their stocks and shares ISA before the tax year deadline should consider investment trusts amidst market volatility caused by trade wars. With long-term investing in mind, experts recommend trusts like City of London and Fidelity Special Values for UK exposure, Schroder AsiaPacific for Asian diversification, and defensive options such as Personal Assets. For a global perspective, JPMorgan Global Growth & Income is highlighted for its consistent outperformance and low costs....

In the Unlock the Editor’s Digest for free, Sir Keir Starmer's government has proposed reforms to disability benefits to save over £5bn annually by 2030, causing backlash within Labour due to concerns of targeting the poorest. The changes include tightening eligibility for personal independence payments and introducing a new insurance system for job loss. These measures are part of Labour's efforts to find savings before the Spring Statement, with projections indicating a reduced fiscal room...

Starlink, the satellite internet service by SpaceX, is now accessible at the White House campus, part of Elon Musk's efforts to improve Wi-Fi connectivity in government buildings. Installation of Starlink was overseen by a security engineer working with Musk's companies, sparking concerns about conflicts of interest but was deemed not a security breach. Starlink has been set up at various government properties, including the General Services Administration, as Musk continues to modernize technology in federal...

New federal data shows that the difference in increased pay between staying at a job versus changing roles for a higher salary has decreased to its lowest level in a decade, with a wage growth survey revealing only a slight difference in salary increases. The U.S. Labor Department reports that more Americans are opting to stay in their current jobs due to difficulty in finding comparable positions and the perception of employers having more bargaining...