News and Trends
Biden picks Jerome Powell to lead the Fed for a second term as the U.S. battles Covid and inflation- CNBC--11.22.21
President Joe Biden has announced Monday that he is renominating Jerome Powell for a second term as Fed Chairman. This announcement follows weeks of speculation that Fed Governor Lael Brainard might get the job.
88% of Americans are worried about inflation. Here’s where they’re planning to cut back- CNBC--11.18.21
About 88% of Americans are very worried about inflation as we head into the holiday season. Many individuals are planning on cutting back on their spending when it comes to eating out, upgrading technology devices, buying clothes and traveling.
CEOs are joining the 'Great Resignation'- CNN--11.18.21
CEO turnover spiked in the first half of 2021 as companies tapped new talent to navigate the aftermath of the Covid-19 pandemic and stressed-out executives sought a career change.
The ‘Great Resignation’ Is a Trend that Began Before the Pandemic – and Bosses Need to Get Used to It- Next Gov--11.16.21
Its become harder than ever to find good employees. The so-called quit rate - the share of workers who voluntarily leave their jobs - hit a new record of 3% in September 2021. The rate was the highest in the leisure and hospitality sector.
Entirely possible that we’ll see low interest rates forever, asset manager says- CNBC--11.15.21
Interest rates could remain at their record lows "forever," according to one asset manager. The economic damage caused by the coronavirus pandemic is set to have a "very, very negative effect on interest rates," says the expert.
Tyson Foods plans further price hikes to offset inflation pressures- Fox Business--11.15.21
Tyson Foods Inc. is planning further price increases to offset their soaring costs. Headwinds from higher prices are expected to persist into the next year.
Morgan Stanley Says Steer Clear of U.S. Stocks and Bonds in 2022- Yahoo! Finance--11.14.21
According to Morgan Stanley, investors should stay away from U.S. stocks and bonds next year. Morgan Stanley sees the S&P 500 finishing 2022 6% below current levels.
Inflation has taken away all the wage gains for workers and then some- CNBC--11.11.21
Real average hourly earnings, when accounting for inflation, actually decreased 0.5% for the month. A 0.9% inflation jump negated a 0.4% rise in wages. This may explain why consumer confidence is sliding despite rising wages.
Homes Now Typically Sell in a Week, Forcing Buyers to Take Risks - The Wall Street Journal--11.11.21
American home buyers are having to jump faster than ever to get a home, forcing many to make snap decisions. Buyers are often waving traditional safeguards in these fast-moving markets.
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years- CNBC--11.10.21
The consumer price index surged 6.2% from a year ago in October, the most since December 1990. Core inflation, which increased 4.6%, saw the fastest gain since August 1991. Vehicle costs, food, energy and shelter saw the biggest gains.
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