US unemployment rate hits a 50-year low even as hiring slows

US unemployment rate hits a 50-year low even as hiring slows
WASHINGTON — The U.S. unemployment rate fell to 3.5% in September, the lowest level in nearly five decades, even though employers appeared to turn more cautious and slowed their hiring. The economy added a modest 136,000 jobs, enough to likely ease worries that an economy weakened by the U.S.-China trade war and tepid global growth might be edging toward a... Read More

PayPal drops out of Libra, Facebook’s payments project

PayPal drops out of Libra, Facebook’s payments project
NEW YORK — PayPal has pulled out of Facebook’s digital currency project, known as Libra, a blow to the social media company that has faced stronger-than-expected scrutiny over its proposed creation of an alternative payments system. The digital payments company said Friday it is withdrawing from the Libra Association so it can focus on its existing businesses. “Facebook has been... Read More