Wages for rank-and-file workers are rising at the quickest pace in more than a decade, even faster than for bosses, a sign that the labor market has tightened sufficiently to convey bigger increases to lower-paid employees.
The discounts and freebies many tech startups have used to lure customers have fallen out of favor with investors who are losing patience with a lack of profits.
Stock-picking fund managers are more willing than ever to lend their shares to other investors, including the short sellers who bet against those investments.
The Dow and S&P 500 edged up to new highs, capping a strong week for U.S. stocks. The Nasdaq fell 0.2%, ending a run of 10 consecutive record closes.
Vanguard is close to rolling out its first business for China’s masses: a robo adviser to help investors pick mutual funds.