Retreat

US stocks tumble as downbeat overseas data dampen global growth prospects

6 days ago   |   By Business Insider

Spencer Platt/Getty Images
US stocks ended lower on Friday to close out April.
Twitter and Amazon shares were under pressure during the session following quarterly earnings reports.
Eurozone and Chinese economic data came in softer than expected.
See more stories on Insider's business page .
US stocks slumped Friday, hurt by disappointing economic data from the eurozone and China, the world's second-largest economy, that may crimp prospects for global recovery from the COVID-19 pandemic. The Dow Jones Industrial Average retreated from its record closing high made in the previous session...
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The US just had its best quarter for wage growth in 20 years - but especially for white people

6 days ago   |   By Business Insider

A waitress takes customers' orders in the outdoor seating area of a restaurant on January 28, 2021 in Los Angeles.
Valerie Macon/AFP/Getty Images
The first three months of 2021 were the best quarter for wage growth since at least 2001, per BLS data.
But weekly median wages for white Americans were 42% higher than Black Americans' over this period, Axios reports.
And with some economists concerned about inflation risk, wages and prices are rising together.
See more stories on Insider's business page .
With vaccinations ramping up across the country and the economy reopening, people's wages...
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