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Economy

“Job openings top 11.2 million in July, well above estimate and nearly double the available workers”

“There were nearly 1 million more job openings than expected in July, an inflationary sign that the U.S. labor market is still extremely tight, the Bureau of Labor Statistics reported Tuesday. Available positions totaled 11.24 million for the month, well… Continue Reading…

Economy

“Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs”

“In an economy that has produced the highest inflation rate since 1981, Americans are struggling to keep up with expenses and are putting less money aside for emergencies or long-term financial goals, several recent studies show. Nearly 40% of consumers cannot put any… 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…

Investing, Personal Finance

“Nearly 40% of women over 35 regret not investing for retirement sooner”

“…That’s according to Fidelity’s 2022 Money Moves study, in which 36% of older women — defined in the survey as women 36 and older — said that their biggest financial mistake was “waiting too long to start saving for retirement.” Fidelity surveyed… Continue Reading…

Economy

“Wholesale prices jump nearly 10% in 2021, another sign of growing inflation”

“… The producer price index, a measure of wholesale prices for goods and services, increased 0.2% in December, below the 0.4% estimate. For all of 2021, the 9.7% gain was the biggest on record in data going back to 2010.… Continue Reading…

Personal Finance

“Nearly half of Americans think they’ll retire in debt: Here are the 5 top reasons why”

“…Nearly half, 46%, of the 2,050 people polled in a new MagnifyMoney survey think their current financial situation will force them to retire in debt. The survey included workers of all generations, from ages 18 to 75, not just those approaching retirement.… Continue Reading…

Business

“Chip sales are set to grow nearly 10% in 2022 as risks rise, predicts new report”

“…Semiconductor sales are expected to grow by another 9% and cross $600 billion for the first time in 2022, the analysts predicted. That’s on top of the 26% growth to $553 billion in 2021, they added. A months-long semiconductor shortage… Continue Reading…

Economy, Real Estate

“Nearly half of Americans selling their homes don’t plan to buy another: Here’s what they’re doing instead”

“The housing market is red-hot and showing few signs of slowing down. Home prices were at a median $386,888 in June, according to Redfin, up 24% since last June. And demand is high: The average house lasted just 14 days on the market,… Continue Reading…

Business

“Delta posts nearly $1.2 billion quarterly loss, expects to break even in June as bookings improve”

“Delta and its competitors continue to lose money but have grown upbeat about an improvement in bookings as more travelers are vaccinated, travel restrictions lift and more attractions reopen. The airline said domestic leisure bookings recovered to about 85% of 2019 levels, though… Continue Reading…

Stocks

“Stitch Fix shares rise nearly 50% in early trading after yesterday’s earnings beat”

“Shares of the company’s stock were up $16.86, or 47.05%, in early trading on the Nasdaq stock exchange. For the company’s fiscal first quarter, which ends Oct. 31, Stitch Fix reported earnings of 9 cents a share. The company booked $490.4 million… Continue Reading…