Economy

“Job openings see gains in January in a sign of labor market stability”

“The Job Openings and Labor Turnover Survey showed that postings rose to 7.74 million on the month, up 232,000 from December, slightly ahead of the 7.6 million forecast. Quits, a measure of worker confidence in the ability to move to… Continue Reading…

Stocks

“Dow drops 300 points as market sell-off gains steam on recession fears…”

“…The Dow Jones Industrial Average dropped 392 points, or 0.9%. The S&P 500 shed 1.8%, and the Nasdaq Composite lost 2.8%. The tech-heavy Nasdaq was weighed down by declines in the “Magnificent Seven” cohort. Tesla shed 6%, Alphabet fell 4%, Meta lost 3% and AI darling Nvidia slipped 2%….” https://www.cnbc.com/2025/03/09/stock-market-news-today-live-updates.html How long have I… Continue Reading…

Banking

“10-year Treasury yield gains for week even after Fed rate cut”

“…The 10-year Treasury yield was last down around 1 basis point at 3.732%. The 2-year Treasury note yield fell around 2 basis points at 3.585%. The yield on the 10-year Treasury was higher by almost 8 basis points for the… Continue Reading…

Economy

“August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says”

“Companies hired just 99,000 workers last month, less than the downwardly revised 111,000 in July and below the consensus forecast for 140,000, according to payrolls processing firm ADP. The report corroborates multiple data points recently that show hiring has slowed… Continue Reading…

Energy

“U.S. crude oil holds above $72 per barrel after erasing most of 2024 gain”

“…The U.S. benchmark is now up just 0.91% for the year, while global benchmark Brent crude has erased all of its gains for 2024. Oil prices settled more than 1% lower on Wednesday after U.S. job growth was revised significantly lower,… Continue Reading…

Economy

“No more fiscal favours? Calls to tax super-rich gain traction around world”

“Calls for higher taxes on the super-rich are gaining traction and even conservative governments are joining in… “I don’t think I have seen such big a transformation in the narrative around the tax on wealth as I have in the… Continue Reading…

Stocks

“TSMC Sales Soared 45% in July on Strong AI Demand, Shares Gain”

“…Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations…” https://finance.yahoo.com/news/tsmc-sales-grow-45-july-054146804.html

Economy

“World’s richest 1% gained $40 [Trillion] in a decade: Oxfam”

“The world’s richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda. Despite this windfall, taxes on… Continue Reading…

Business

“Buffett’s Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion”

“… …” https://www.cnbc.com/2024/05/06/berkshire-hathaway-gains-as-insurance-lifts-first-quarter-profit-and-cash-nears-200-billion.html That 200 billion will be used to buy up the markets after they collapse. They are waiting for the commercial real estate crisis. It’s going to affect the banks which will affect everything else.

Economy

[Lies] “For Lower-Income Workers, Recent Economic Gains Endure”

https://www.wsj.com/economy/jobs/economy-blue-collar-wage-increases-a71e5eee This article is behind a paywall. Amazing they want you to pay for them to lie to you. Have any of these writers been to the grocery store? Groceries and utilities affect lower income workers the most. This is… Continue Reading…