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Economy, Personal Finance

“48% of workers think they don’t earn enough to save for retirement…”

September 3, 2021

“Almost half of U.S. workers, 48%, say they don’t earn enough income to save for retirement, according to a new survey from the Transamerica Center for Retirement Studies. The finding is pretty consistent across generational groups. On the high end, 55% of… Continue Reading…

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Business, Economy

“Why Are So Many Americans Leaving Their Jobs Right Now?”

September 2, 2021

“A Microsoft survey of more than 30,000 global workers showed that 41% of workers were considering quitting or changing professions this year. Among all sectors, retail has had the most resignations. Almost 650,000 retail workers quit just in April, according… Continue Reading…

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Economy

“Jobless claims total 340,000, lowest level since early days of pandemic”

September 2, 2021

“Initial filings for unemployment insurance fell last week to their lowest levels since March 2020 in another sign that the labor market is gradually improving from the Covid-19 era, the Labor Department reported Thursday. First-time jobless claims totaled 340,000 for… Continue Reading…

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Economy

“Millions of Americans will lose unemployment benefits this weekend”

August 31, 2021

“…Congress authorized a historic expansion of the country’s safety net for jobless individuals in March 2020 to manage the fallout of the Covid-fueled economic downturn. Lawmakers twice extended those temporary expansions, which increased the number of people eligible for unemployment… Continue Reading…

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Economy, Precious Metals

“Mobius Says Hold 10% in Gold as Currencies Will Be Devalued”

August 30, 2021

“Veteran investor Mark Mobius said investors should have 10% of a portfolio in gold as currencies will be devalued following the unprecedented stimulus rolled out to fight the coronavirus pandemic. At this stage, “10% should be put into physical gold,”… Continue Reading…

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Banking, Economy

“A key jobs report in the week ahead could drive the next big market move”

August 30, 2021

“…Stocks gained in the past week, surging again to new highs Friday after a speech by Federal Reserve Chairman Jerome Powell. The chairman acknowledged that Fed officials expect to taper back their $120 billion a month bond-buying program this year, a… Continue Reading…

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Economy

“U.S. Food Suppliers Are Having Trouble Keeping Shelves Stocked”

August 26, 2021

“Some of the largest U.S. food distributors are reporting difficulties in fulfilling orders as a lack of workers weighs on the supply chain. Sysco Corp., North America’s largest wholesale food distributor, is turning away customers in some areas where demand… Continue Reading…

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Economy

“UK car production plummets to lowest level since 1956 amid chip shortage, worker absences”

August 26, 2021

“U.K. car production plummeted to a new low last month, marking the worst July performance for the industry since 1956, according to a trade group. The Society of Motor Manufacturers and Traders said Thursday that U.K. manufacturers built just 53,438 vehicles in… Continue Reading…

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Economy

“Former Cisco CEO says he is ‘not investing in China'”

August 26, 2021

“Former long-time Cisco CEO John Chambers has done business in China for decades, dealing with corporate leaders and government officials. The various dealings were always tough, acknowledges Chambers, but importantly there was a certain predictability to them and a focus on win-win… Continue Reading…

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Business, Economy

“Samsung to Hire 40,000 in $205 Billion Three-Year Spree”

August 25, 2021

“Samsung Group has unveiled a 240 trillion won ($205 billion) expansion that will entail hiring 40,000 people over three years, a sprawling investment blueprint intended to build the South Korean conglomerate’s lead in next-generation technologies…” https://finance.yahoo.com/news/samsung-create-10-000-jobs-060421527.html I hate to say… Continue Reading…

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