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[ad_1] A sign for hire is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Job cuts are rising at some of the biggest U.S. companies , but others are still scrambling to hire workers, the result of wild swings in consumer priorities since the Covid pandemic began three years ago. Tech giants Meta , Amazon and Microsoft , along with companies ranging from Disney to Zoom , have announced job cuts over the past few weeks. In total, U.S.-based employers cut nearly 103,000 jobs in January, the most since September 2020, according to a report released earlier this month from outplacement firm Challenger, Gray & Christmas. Meanwhile, employers added 517,000 jobs last month, nearly three times the number analysts expected. This points to a labor market that's still tight, particularly in service sectors that were hit hard earlier in the pandemic, such as restaurants and hotels. The dynamic is making it even harder to p

[ad_1] Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Stocks rose Friday as strong earnings results from some of the biggest banks and companies kicked off earnings season. The Dow Jones Industrial Average rose 121 points, or 0.3%. The S&P 500 ticked up about 0.1%, and the Nasdaq Composite advanced 0.2%. Wall Street is coming off its fourth consecutive day of gains, with the Nasdaq and S&P 500 reaching their highest levels since April 2022. JPMorgan Chase rose 0.3% after its second-quarter earnings topped expectations. The bank was boosted by higher interest rates and rising interest income. Wells Fargo also gained 0.5% on the back of better-than-expected results. UnitedHealth shares jumped 8% after the insurance giant reported better-than-expected earnings and revenue. The company also raised the lower end of its full-year earnings guidance. "What we've seen simple out of out of big bank earnings, especially JPMorgan, is pretty resilient,&qu