Vacation days, health care, 401(k) matching and now: student loan repayment. More companies are offering to help young new hires with debt in their benefits packages, according to new data from job platform Handshake.
Why it matters: Student loan payments are set to resume in October after a years-long pandemic pause.
International business class flights, five-star hotels and $19,000 monthly salaries — not exactly what most students expect for a summer internship.
Driving the news: Citadel happily supplies these luxuries as part of its version of math boot camp, however — the cost of doing business to secure the top talent to keep driving the hedge fund and market maker, Bloomberg reports.
The job market is returning to a familiar place: strong, but no longer in its overheated, pandemic recovery state.
Why it matters: Those COVID-19 distortions had great benefits for workers, with plentiful job opportunities and booming wage gains. For the Fed, the out-of-whack dynamic fueled inflation.
A revision of second-quarter GDP numbers contains two pieces of good news for anyone hoping for an economic soft landing.
Driving the news: The economy expanded at a 2.1% annual rate in the April through June quarter, the Commerce Department said Wednesday, not the 2.4% initially estimated.
Halloween enthusiasts are extending the spooky holiday by weeks and months — and in some cases year-round — with giant skeletons.
The big picture: These 12-foot skeletons, known as Skellys, are moving into more neighborhoods, being named by owners and amassing a large wardrobe that includes Santa hats and Easter bunny ears.
President Biden's new income-driven repayment plan launched in August as payments are set to resume after a years-long pandemic pause.
Why it matters: The Saving on a Valuable Education (SAVE) plan comes as the administration has proposed new debt alleviation options in the months since the Supreme Court torpedoed its historic relief program.
Indeed, the online job search company, is offering transgender employees who want to relocate for care or support a $10,000 benefit to cover expenses, the company confirmed to Axios on Wednesday.
Gary Gensler's Securities and Exchange Commission has really been faceplanting in the courts lately when it comes to crypto industry enforcement.
Why it matters: The regulated community is liable to smell blood in the water. Companies settle when they believe they will lose in court or that the price of the fight will be too high — but every loss for the SEC makes it less likely the next company it goes after will settle.
Mark Marshall has been named chairman of global advertising and partnerships for NBCUniversal, the company said Wednesday, following the departure of longtime exec Linda Yaccarino for Twitter.
Why it matters: Marshall will be responsible for managing one of the largest advertising businesses for a global media company. NBCUniversal's assets, driven mostly by its liner television networks, drive more than $10 billion in ad revenue annually.
Fidelity marked up the value of its shares in X/Twitter for the third consecutive month — while still holding them at a deep discount, according to new disclosures.
By the numbers: Fidelity increased the valuation by 8% during the month ending July 31, following an 11% bump for June.
Companies keep flexing their muscles to get more bodies back into the office, but employees remain as emboldened as ever in pushing back.
Driving the news: Two New York Times unions are challenging a policy that proposes monitoring employee badge swipes, Axios' Sara Fischer reported exclusively on Tuesday. Meanwhile, Amazon is ramping up pressure on workers to report to the office more frequently.
Warner Bros. Discovery (WBD) on Wednesday announced that former New York Times and BBC executive Mark Thompson will lead CNN as the network's new worldwide chairman and CEO.
Why it matters: The appointment ends a period of uncertainty and brings new leadership to the network at a critical time.
U.S. Secretary of Commerce Gina Raimondo told reporters Wednesday morning that her biggest achievement in visiting China this week was opening opportunity for "regular communication."
Driving the news: Raimondo, speaking from Shanghai, noted that her trip was the first by a U.S. Commerce secretary in more than five years, and it made a "big step forward" in helping resolve issues raised by U.S. businesses.
Roark Capital is about to become one of the world's largest restaurant owners, adding Subway to a portfolio that already includes chains like Arby's, Dunkin and Buffalo Wild Wings. But what exactly is Roark Capital?
The big picture: Roark — named after the protagonist in Ayn Rand's "The Fountainhead" — is an Atlanta-based private equity firm founded in 2001 by Neal Aronson after he sold a hotel franchisor to the Pritzker family for $100 million.
