September 9, 2024
“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…
August 6, 2024
“…Disney has been struggling recently, which has included several Disney titles that were deemed box office flops in 2023—including Pixar’s Elemental—declining linear TV viewership and an uneven transition into a streaming future. The entertainment behemoth has been hemorrhaging money through its Disney+ streaming… Continue Reading…
August 5, 2024
“…Thursday’s post-data rally in Treasurys sent yields plunging on everything from the 1-month T-bill BX:TMUBMUSD01M through the 30-year bond BX:TMUBMUSD30Y. The policy-sensitive 2-year rate BX:TMUBMUSD02Y dropped 17.4 basis points, or the most in a single session all year, to 4.163%. The 30-year yield fell 10… Continue Reading…
August 5, 2024
“Stocks fell sharply on Friday as a much weaker-than-anticipated jobs report for July ignited worries that the economy could be falling into a recession. The broad market index dropped 1.84% to end at 5,346.56. The Nasdaq Composite lost 2.43% to close at 16,776.16, bringing… Continue Reading…
August 2, 2024
“…The workforce reduction may be announced as early as this week, according to people familiar with the company’s plans, who asked not to be identified because the information isn’t public. Intel, which is scheduled to report second-quarter earnings Thursday, has… Continue Reading…
March 28, 2024
“CHANDLER, Ariz. — In the booming Phoenix metro area, Washington policymakers’ rare bipartisan push to bolster national security in their high-tech arms race with China brings major enthusiasm for something more basic: jobs. A fresh influx of $8.5 billion in CHIPS… Continue Reading…
February 26, 2024
“…It’s the latest tech company to downsize in 2024, as the industry continues to squeeze out costs following the market downturn that hit two years ago. January was the busiest month for job cuts in the industry since March, as Alphabet, Amazon,… Continue Reading…
February 16, 2024
“Decades after automation began taking and transforming manufacturing jobs, artificial intelligence is coming for the higher-ups in the corporate office…” https://www.wsj.com/lifestyle/careers/ai-is-starting-to-threaten-white-collar-jobs-few-industries-are-immune-9cdbcb90 Honestly i think these types of articles are kind of pointless. When the Car was invented all the people with horse… Continue Reading…
February 7, 2024
“…Nonfarm payrolls expanded by 353,000 for the month, much better than the Dow Jones estimate for 185,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate held at 3.7%, against the estimate for 3.8%. Wage growth also showed… Continue Reading…
February 5, 2024
https://www.wsj.com/business/earnings/ups-to-cut-12-000-jobs-as-delivery-business-slows-d832f1d2?siteid=yhoof2 The article is behind a paywall so I’ll just speak about the title. It seems like UPS isn’t doing to well. The order to return to offices is because of commercial real estate offices they rented. It’s a waste… Continue Reading…
Recent Comments