White-collar workers are struggling to find jobs as the labor market slows
Jack Otter and the Barron’s Roundtable panel discuss why job gains were lower than expected in April. US Labor Market Hiring is stabilizing after months of rapid job growth, but some workers are feeling the slowdown more than others. Recent Data According to a Vanguard survey, demand for high-income workers is declining, creating a two-tiered […]
Nvidia topples Apple with $3 trillion market cap; 10-for-1 stock split ahead
Mott Capital Management founder and CEO Michael Cramer analyzes Nvidia’s market impact, provides his economic outlook and discusses Boeing stock. Nvidia CEO Jensen Huang got rock star treatment this week during a tour of his native Taiwan, while here in the U.S., investors continue to treat the company’s stock, a top bellwether for artificial intelligence, […]
Stock market could plunge 10% as economy faces stagflation threat, Stifel warns
John Koudounis, president and CEO of Calamos Investments, said he doesn’t expect any central banks to raise interest rates and that there is still “sideline” money in the market. There may be problems in the future US Stock MarketAccording to analysts at Stifel. Stocks are headed for another sharp decline, with the S&P 500 index […]
Snap up gold ETF ahead of potential interest rate cuts as deficits persist, market pro says – CNBC
According to Larry Tentarelli, chief technical strategist and founder of Blue Chip Daily Trend Report, gold is a smart investment idea as government budget deficits grow, and interest rate cuts are likely to be an additional tailwind. Gold has risen as a safe haven, in part due to the widening of the U.S. government’s budget […]
XRP under bear watch: Market sentiment sways toward a price fall – AMBCrypto News
The token’s price has fallen by more than 3% over the past seven days. While some indicators looked bullish, market indicators suggested otherwise. Ripple The bears dominated the market last week, during which the token’s price dropped, and things could get even worse for the token as a bearish pattern has emerged on the token’s […]
Nets could keep Nic Claxton from hitting open free-agent market
It was a foregone conclusion that Nic Claxton would become an unrestricted free agent. But it’s unclear whether he’ll leave Brooklyn. He may never hit the market. There is growing recognition in the NBA that Claxton is likely to re-sign with the Nets. Brooklyn has an exclusive negotiating period with the center that begins the […]
Stock market today: Wall Street rallies to close out a bloom-filled May – The Associated Press
NEW YORK (AP) — An already vibrant May for Wall Street ended with further gains, with stocks rising Friday on a report that inflation was at least not worsening. The S&P 500 rose 0.8%, its sixth consecutive gain in the past seven months. A key gauge of the health of the U.S. stock market, the […]
Colleges get good news on enrollment, but face FAFSA problems, shifting job market
College enrollment has been on the rise recently, but the silver lining may not last long due to a variety of factors, from changes in the job market to confusion over this year’s Free Application for Federal Student Aid (FAFSA). The National Student Clearinghouse released data this month showing an increase in enrollment this spring, […]
Stock market joy cannot mask consumer woes
The recent stock market rally suggests that investors believe the U.S. economy is finally regaining strength after four years of turmoil. Probably Wrong. The Dow Jones Industrial Average hit a major milestone on May 16, surpassing 40,000 and has remained around that number ever since, meaning the Dow has risen 40% since its most recent […]
Xi Jinping Concedes China’s Job Market Is in ‘Chaos,’ Demands Underlings Fix the Economy
Chinese Communist Party dictator Xi Jinping acknowledged at a Politburo meeting on Monday that China’s jobs market is in “chaos.” He ordered his subordinates to create “full and quality jobs” by developing “new sources of employment growth” but offered few hints about how they should tackle this enormous task. President Xi Jinping’s remarks after the […]