Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
Tag: Jobs
Stock-market investors wrestle with ‘boomflation’ after hot July jobs report
The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation wi...
Bond markets complicate Fed moves after blowout jobs report
Bond yields ripped higher after new employment data showed the U.S. economy adding a breakneck 528,000 jobs in the month of July. Emily Roland, co-chief investment strategist at John Hancock Investmen...
Thiel’s Palantir Boosts Hiring While Others Are Cutting Jobs
(Bloomberg) — Palantir Technologies Inc. is significantly accelerating its pace of hiring this year to help meet ambitious sales goals, defying convention when many other technology companies ar...
Bitcoin falls to $23K on U.S. jobs report
The crypto market has been on a rollercoaster in recent months. The ups and downs have caused Bitcoin to fall back to 2017 levels. Bitcoin stayed near $23,000 in the past 24 hours after a report showi...
Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later
●Bitcoin (BTC): $22,898 +2.0% ●Ether (ETH): $1,677 +5.6% ●S&P 500 daily close: 4,145.19 −0.2% ●Gold: $1,791 per troy ounce +0.2% ●Ten-year Treasury yield daily close: 2.84% +0.2 Bitcoin, ether and...
Why the jobs report could tank the stock market, according to a big Wall Street bear
The July jobs report was so out-of-the-blue hot on Friday — coming in at more than double expectations — that it may spur the Federal Reserve to be way more aggressive on interest rate hikes than mark...
SHIB, XRP, ADA Take Hit Due to Blockbuster Jobs Report
Alex Dovbnya Good news for U.S. economy is bad news for speculative assets since Federal Reserve will press on with aggressive rate hikes Contents It’s a boom, not a recession Expect more rate h...
As Crypto Rallies on Strong Jobs Data, Analysts Speculate on Powell’s Next Move
July’s jobs data crushed expectations Additional 75 basis point hikes, or more, are likely to come, analysts said Jobs data released Friday showed strong growth in the workforce and a decline in unemp...
Black workers see rise in unemployment
Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The U.S. job market posted strong growth and a decline in unemploy...
Long-term unemployment tumbles to its pre-pandemic level
Long-term unemployment tumbled below its pre-pandemic level in July, the U.S. Department of Labor said Friday, as an unexpectedly strong showing of job gains buoyed workers broadly across the economy....
Jobs report July 2022: 528,000
Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 528,000 for ...
Here’s where the jobs are for July 2022 — in one chart
Zoom In IconArrows pointing outwards Bureau of Labor Statistics The U.S. economy added many more jobs than expected last month, and there was an appetite for workers particularly in the service sector...
USD/CAD forecast after the diverging US and Canada jobs data
The USD/CAD forex pair made a strong bullish comeback after the latest US and Canada jobs data. The pair rose to a high of 1.2985, the highest point since July 18th. It has risen by more than 1.8% fro...
Is the economy in a recession? Top economists weigh in
‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than...
Stocks Fall Despite Strong Jobs Report As Investors Fear Bigger Fed Rate Hikes
Topline The stock market fell Friday after the U.S. economy added back a better-than-expected 528,000 jobs in July, with investors now anticipating that a strong labor market will keep the Federal Res...
Dow Jones Futures: Jobs Report Will Test ‘Soft Landing’ Market Rally; Tesla Stock Split Approved
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures, with Friday’s July jobs report looming large. Tesla (TSLA) shareholders approved a 3-for-1 stock spl...
Walmart Reportedly Slashes 200 Corporate Jobs After Falling Profit Warnings
Topline Walmart, America’s largest private employer, is laying off about 200 corporate workers, according to the Wall Street Journal, a week after the company cut its quarterly and full-year profit fo...
Irish Judges Think Twice About Dubai Court Jobs And Make A Quick Exit
The DIFC Courts, at the Dubai International Financial Centre in Dubai, UAE Dominic Dudley Two prominent Irish judges have resigned just days after being appointed to a court in Dubai, following contro...
Warner Bros. Discovery expected to slash jobs, restructure HBO Max as earnings loom
Warner Bros. Discovery (WBD) has a lot of questions to answer ahead of its earnings report on Thursday. The three-month-old streaming conglomerate, which is set to report its first quarterly earnings ...
Cybercriminals Plagiarize LinkedIn, Indeed Profiles to Apply for Crypto Jobs: Report
North Korean cybercriminals are targeting jobs listed on LinkedIn and Indeed to plagiarize resumes and other people’s profiles to land remote work at crypto firms, according to a Bloomberg report citi...
Typical job switcher got a pay raise of nearly 10%, study finds
Morsa Images | DigitalVision | Getty Images Many workers who changed jobs recently saw raises from their new paychecks outpace inflation by a wide margin — by nearly 10% or more, according to a new st...
Job openings fell sharply in June as labor market shows signs of slowing
A man walks past a “We Are Hiring” sign in New York City on July 8, 2022. Angela Weiss | AFP | Getty Images Job openings plunged in June to their lowest level since September 2021 in a pot...
North Korean Hackers Copypaste LinkedIn Resumes to Get Jobs at Cryptocurrency Companies
Aug 02, 2022 at 13:17 // News Hackers from North Korea are plagiarising information from legitimate resumes on various hiring platforms such as LinkedIn. They use the stolen data to apply for jobs at ...
North Koreans reportedly targeting crypto jobs for insider access
Crypto thieves from North Korea are impersonating experts using fake resumes and identities, Bloomberg News reported Aug. 1. According to Bloomberg, interviews with cybersecurity experts showed that t...
North Koreans Creating Fake Applications to Land Crypto Jobs, Says Researchers
Cybersecurity experts claim North Korean hackers are posing as job applicants for crypto jobs in wealthy countries to fund government operations. So-called North Korean software developers are scrapin...
Market jump after Fed hike is ‘trap,’ Morgan Stanley warns investors
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief U.S. equity strategist and chi...
A West Coast port worker union is fighting robots. The stakes are high
Shipping containers are transported by automated guided vehicles (AGV) beside gantry cranes on the dockside at the Delta Terminal, operated by Europe Container Terminals BV (ECT), at the Port of Rotte...
40% of U.S. workers are considering quitting their jobs — here’s where they’re going
The wave of people leaving their jobs over the past few years is showing no signs of slowing down, and for many willingly choosing to quit, a massive reinvention of their ideal career is underway. The...