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Market will break out of slump due to peaking inflation, Evercore ISI predicts
[ad_1] The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell together: 1994. “The market just sort of digested it, and there was a lot of […]
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‘The war for talent’ continues. 40% of recent job switchers are again looking for a new position, survey finds
[ad_1] Cecilie_arcurs | E+ | Getty Images Two of every 5 workers who switched jobs over the past year are looking for work again, according to a new survey published by Grant Thornton, a consulting firm. These workers will likely account for a good deal of churn in the labor market as the so-called Great […]
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Wild inflation will hurt all financial assets, market researcher Jim Bianco warns
[ad_1] There may be no escape from the bond market turmoil — even for stock investors. Market researcher Jim Bianco warns critical Federal Reserve policies to control wild inflation will inflict widespread losses on Wall Street. “Eventually, this is going to come back and hurt all financial assets,” the Bianco Research president told CNBC “Fast […]
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Here are the signs the job market is hot for workers
[ad_1] A “Now Hiring” advertisement in a store window in Bay Shore, New York, on March 24, 2022. Steve Pfost/Newsday RM via Getty Images Claims for unemployment insurance last week fell to their lowest level in more than 50 years — yet another sign workers are reaping the benefits of a hot labor market. Americans […]
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Many Americans face big tax bills on 2021 unemployment benefits
[ad_1] A Miami-Dade County job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Many Americans who collected unemployment benefits in 2021 may be on the hook for big bills this tax season. The federal government and most states treat unemployment benefits as taxable income. However, tax wasn’t collected on about […]
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As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent
[ad_1] Wall Street has been beefing up hiring for digital asset teams. But some employees are walking away from name-brand institutions in search of more risk, and potentially, more reward. JPMorgan Chase, Morgan Stanley and Goldman Sachs are among the firms with dedicated groups for cryptocurrency and its underlying blockchain technology. JPMorgan has one of […]
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Long-term unemployment tumbles in March as job market stays hot
[ad_1] A job seeker receives information from a recruiter during a job fair in Miami on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images The ranks of the long-term unemployed fell again in March, edging closer to prepandemic levels as the job market offers ample opportunity for workers. Long-term unemployment is a period of […]
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The Great Resignation is still in full swing. Here’s what to know
[ad_1] A Now Hiring sign is displayed at a restaurant in Arlington, Virginia, on March 16, 2022. Stefani Reynolds | Afp | Getty Images The pandemic-era trend known as the “Great Resignation” remains a prominent feature of the labor market, as favorable conditions lead workers to quit their jobs at near-record levels in search of […]
