The tighter the labor market, the stickier inflation and the more pro-tightening, or hawkish, the Fed will be. Risk assets, including cryptocurrencies, are addicted to cheap liquidity and have taken a...
Tag: Jobs
Wells Fargo Cuts 75 Jobs In Home Mortgage Division. Here Are The Major U.S. Job Cuts Amid Growing Recession Fears
Wells Fargo made its ninth round of job cuts in its home mortgage division this year as the housing market continues to cool substantially—the latest U.S. company to announce layoffs this summer as em...
Jobs Report: Why You Can’t Trust It, And What Friday’s Data Means For The S&P 500
Evidence has mounted that the monthly jobs reports are way off the mark and that the labor market is much weaker than it appears. That suggests a recession may be closer at hand for the U.S. economy t...
What does Friday’s jobs report mean for the market? ‘Too hot’ and stocks could tumble, says market pro
With Federal Reserve Chair Powell last week reaffirming plans to keep raising interest rates to bring down inflation despite the risk of recession, Friday’s monthly U.S. jobs report may once again car...
Small businesses desperate for workers even as companies slow hiring
While some companies have slowed the pace of hiring due to concerns about an economic slowdown, the demand from small businesses for new workers has not yet shown signs of declining, Paychex CEO Marty...
New Job, Career Paths From Inflation Reduction Act, CHIPS Act And Infrastructure Bill
Woman in energy industry, from Power Magazine, … [+] https://www.powermag.com/women-are-essential-to-a-thriving-power-generation-sector/ Power magazine The hundreds of billions of dollars recent...
Dow Jones Slips Amid Weak Jobs Data; Warren Buffett Stock Plummets; BBBY Stock Craters On This
The Dow Jones Industrial Average dipped on Wednesday afternoon as indexes gave up early gains. Warren Buffett stock BYD (BYDDF) fell after Berkshire Hathaway (BRKB) sold some of its stake. Bed Bath &a...
Hiring Slows For Second-Straight Month As Companies Digest ‘Conflicting’ Economic Data, ADP Reveals In Latest Jobs Report
Topline As ongoing interest rate hikes fuel uncertainty over the economy, job growth among private U.S. employers slowed for the second consecutive month in August, according to payroll processor ADP,...
Private payrolls grew by just 132,000 in August
A hiring sign is seen in a cafe as the U.S. Labor Department released its July employment report, in Manhattan, New York City, August 5, 2022. Andrew Kelly | Reuters Companies sharply slowed the pace ...
JOLTS July 2022:
A “Now Hiring” sign is posted at a Home Depot store on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images There were nearly 1 million more job openings than expected...
JPMorgan Strategists See Bullish Stocks Signal in US Jobs Data
(Bloomberg) — A reading on the US labor market that spells bad news for the economy is actually a bullish signal for stocks, according to JPMorgan Chase & Co. strategists. Most Read from Blo...
U.S. needs miracle to avoid recession, economist Stephen Roach warns
Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
Forget washing dishes or bagging groceries — teens are seizing whatever jobs they want as ‘desperate’ employers try to fill seats
With unemployment hitting new lows, employers are turning over rocks these days to find qualified workers. Enter Gen Z — who previously proved their mettle in last summer’s hiring spree. “I think why ...
401(k)s Shouldn’t Be Neglected When Switching Jobs. Here’s What to Consider.
Many workers changing jobs in the wake of the pandemic—whether it’s for more money, better advancement opportunities, or flexible scheduling—risk overlooking one important factor: their retirement sav...
Nobel prize winner Phelps says U.S. needs 1950s-style productivity boom
The U.S. needs to return to the kind of economic and productivity growth it saw in mid-20th century to boost public spirits, according to a Nobel Prize-winning economist. “We badly need to get ...
Daphne Kwon joins Flipside Crypto as general manager of DAO Initiatives
Daphne Kwon, who most recently served as chief strategy officer at Meredith Corporation, joined blockchain analytics firm Flipside Crypto. Kwon will work to grow the company’s Decentralized Aut...
Ford Confirms Layoffs, Says It Is Cutting About 3,000 Jobs
Updated Aug. 22, 2022 4:58 pm ET Listen to article (2 minutes) Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slas...
Ford to eliminate 3,000 jobs in an effort to cut costs
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor is cutting about 3,000 jobs from its global workforce, as the automaker attempts to lower costs as part of r...
U.S. Companies on Pace to Bring Home Record Number of Overseas Jobs
U.S. companies are bringing workforces and supply chains home at a historic pace. American companies are on pace to reshore, or return to the U.S., nearly 350,000 jobs this year, according to a report...
Singapore-based crypto lender Hodlnaut cuts 80% jobs
Hodlnaut, a troubled Singapore-based crypto lender, says it has released 80% of its workforce as it looks to execute a recovery plan after its financial health took a major hit. In a blog post Friday,...
Genesis CEO Michael Moro steps down from role effective immediately
Genesis Trading’s chief executive officer Michael Moro is no longer with the cryptocurrency firm, according to a release shared on Wednesday. Effectively immediately Michael Moro is stepping do...
Fed Minutes Lean on Inflation, Jobs Data For Rate Hike Direction
Updated at 4:20 pm EST The Federal Reserve is likely to use incoming data, as opposed to a preferred policy path, to determine the size of future rate hikes, minutes from the central bank’s July...
Crypto Jobs Remain Attractive Amid Bear Market
Within the past few years, cryptocurrency adoption and acceptance have dramatically increased. As a result, many developers and other participants joined the digital asset train to boost the expansion...
Spectre of jobs bloodbath hangs over the City as recession looms
Berenberg sacked 30 staff last week, sparking fears of a wave of Square Mile redundancies – Victoria Jones/PA Wire August is usually the one time of year when City bankers can head off to the su...
Most in-demand NFT jobs for 2022
NFTs are not new, but the attention from the public around this niche literally boomed during the last bull run. As many Crypto companies are entering the NFTs market, NFTs jobs are popping up more an...
Best Buy cuts jobs across the country, after warning of slower sales
Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said on Friday that it is cutting jobs across the country about two w...
8 employment fields that advertise the most signing bonuses
Luis Alvarez | Digitalvision | Getty Images Employers are using signing bonuses at an elevated rate to attract talent — and there are ways workers can capitalize on the trend. A signing bonus is a fin...
Peloton says it’s slashing 780 jobs, closing stores and hiking prices
Peloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and hiking the prices on some of its equipment in a bid to cut costs and become pr...
Chipotle would rather be loved by customers than feared by competitors
People visit a Chipotle restaurant on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill has evolved into one of the most popular restaurant chains in the U.S., some...