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January Sees 467,000 New Jobs, Stable Unemployment Rate

CFO News Room

Growth in employment continued in leisure and hospitality, professional and business services, retail trade, and transportation and warehousing. economy added 467,000 nonfarm payroll jobs in January 2022, as the unemployment rate rose marginally to 4.0%. Job growth was much stronger than the estimate of 150,000, as compiled by Dow Jones.

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2020 global corporate defaults surpass 2019 full-year total

Future CFO

All defaulters had speculative-grade issuer default ratings (IDR) at the beginning of 2020, with the vast majority concentrated in the 'CCC'-'C' range, according to the company. At the current pace, the record annual volume of corporate defaults that occurred during the global financial crisis in 2009 could be topped by the end of 2020.

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Gojek Latest FinTech To Cut Jobs Amid Coronavirus Damage

PYMNTS

The cuts are heavily concentrated in Gojek’s GoLife and GoFood Festivals divisions. These newer units will shut their doors in July as Gojek refocuses its efforts on its core offerings of digital payments, food delivery and transportation.

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Grab Accelerates AI Expansion With $150M

PYMNTS

Tan said Grab is concentrating on its customers’ most immediate needs. “We Funding] will help us grow very aggressively this year across our verticals — transport, mobility, food, and payments,” Tan said in April. Grab is collaborating with Microsoft for improved NLP that’s customized to users in different markets.

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A day in the Life: Reynaldo Abilo from Shell Pilipinas

Future CFO

By working in Shell, I get to be part of powering progress here in the Philippines by providing secure energy needed for transport, businesses, and homes. Every swing demands focus, concentration and coordination. Second, golf does not merely entail swinging of the clubs. It calls for being present and fully engaged in the moment.

Finance 52
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Cyberattacks, Google Crash Bring Internet Security Into Question

PYMNTS

Whether it's the power grid, banking and financial markets, transportation, communications or even the highly generalized “internet of things,” the list of digital inroads that penetrate our daily lives has never been higher.

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Musings From The Epicenter: The World Is Going Point To Point

PYMNTS

Notwithstanding the origin of the coronavirus, the large-scale outbreak can be primarily attributed to highly increased mobility (airplane and high-speed rail in China, especially), resulting in a higher concentration of people, and a lagging behavioral change in personal sanitation and isolation.