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Economy

“The Great Resignation looks set to continue — 1 in 5 say they’ll change jobs in the next year”

“The Great Resignation is set to continue, according to a new global survey by PwC, with one in five saying they are likely to switch jobs in the next 12 months. PwC launched its “Global Workforce Hopes and Fears Survey 2022” at the World… Continue Reading…

Economy

“There’s a 50% to 60% chance of a mild recession next year, former Fed vice chair says”

“…“A recession is pretty likely,” Blinder said. However, he added that he foresees any downturn coming next year, as opposed to later in 2022, and that a recession is not an absolute certainty. “I don’t mean 89% probability, but maybe… Continue Reading…

Investing

“Nearly 40% of investors who pulled money out of markets in the last year regret it”

“Many investors who pulled money out of the stock market in the last year now regret their decision. Some 38% of investors said they sold stocks last year due to a current event, according to a study from MagnifyMoney. Of that group,… Continue Reading…

Economy

“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”

“…The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close… Continue Reading…

Economy

“Two-thirds of Americans live paycheck to paycheck as inflation continues to climb”

“Inflation is showing no signs of slowing down, making it harder for workers to make ends meet. The Consumer Price Index increased 8.3% from a year ago, higher than the 8.1% estimate, according to the U.S. Bureau of Statistics… Food prices… Continue Reading…

Economy

“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”

“The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%. Shelter costs, which… Continue Reading…

Stocks

“Dow loses 500 points, S&P 500 tumbles to new low for 2022 as sell-off intensifies”

“…The S&P 500 traded as low as 4,021.16 on the day, as all sectors dipped into the red. Amid the losses, the benchmark 10-year Treasury note yield hit its highest level since late 2018, trading well above 3%. Rising rates continued… Continue Reading…

Economy, Stocks

“Stocks drop 1,000+ points over interest rate fears”

“A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street’s biggest rally in two years, as worries grow that the higher interest rates the Federal Reserve is using… Continue Reading…

Economy

“A Record Number Of Americans Just Quit Their Job, As Job Openings Surpass Unemployed Workers By A Record 5.6 Million”

“…Last month, the BLS reported that the US job market was plagued by a near record 11.27 million job openings. Then moments ago, the BLS published its latest, March JOLTS report according to which job openings just hit a new all time high 11.549… Continue Reading…

Economy, Energy

“Get Ready for Another Energy Price Spike: High Electric Bills”

“…Already frustrated and angry about high gasoline prices, many Americans are being hit by rapidly rising electricity bills, compounding inflation’s financial toll on people and businesses. The national average residential electricity rate was up 8 percent in January from a… Continue Reading…