Yahoo News

The one question you should ask yourself before quitting for remote work

The labor market is no doubt tight: Job openings in July rose to record highs, the Labor Department’s monthly Job Openings and Labor Turnover report found. The overall quits rate was unchanged at 2.7% for the month, but the quit rate for the private sector increased to 3.1% from 3.0%, matching the all-time high in 2001, according to ING. Different dynamics are fueling this trend, Adam Ozimek, Upwork’s chief economist, told Yahoo Finance – primarily the ability to work remotely since the… Source link

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Here’s why the stock market may surprise everyone and ‘melt-up’

Amidst the expanding number of Wall Street bears right now, there is Chris Harvey, Wells Fargo Securities head of equity strategy. The nearly 30-year markets veteran is staying bullish on his outlook for stocks despite the naysayers looking for market plunges into year-end. Harvey is calling for the S&P 500 to end the year at 4,825, or up 8% from current levels.  For Harvey, there continues to be several key drivers of higher stock prices still in play. “Our 4,825 call is what we call an… Source link

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Disney to release rest of 2021 slate exclusively in theaters — but it won’t be the end of streaming-first strategy

In a surprise twist, Disney (DIS) updated its 2021 release schedule, choosing to release the rest of its jam-packed slate exclusively in theaters before the films become available on Disney+.  “Following the tremendous box office success of our summer films, which included five of the top eight domestic releases of the year, we are excited to update our theatrical plans for the remainder of 2021,” Kareem Daniel, Disney media and entertainment distribution chairperson, said in a news… Source link

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Uranium next in line for meme-stock treatment

Retail traders from Reddit’s WallStreetBets flocked to uranium-mining companies on Monday amid a price rally in the radioactive material, as investors bet that the nuclear fuel would become a central tool in the decarbonization of the world’s energy systems. In Australia, Sydney-listed uranium miners Peninsula Energy, Energy Resources of Australia, and Bannerman Energy jumped by 40% over the past several days. In London, miner Aura Energy jumped more than 75% and Yellow Cake, a company… Source link

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Big investors are starting to get worried: BofA survey

Big investors are beginning to worry about several key fundamentals that underpin the stock market.  Global growth expectations have continued to “fall markedly” in September, according to the latest survey of fund managers out of Bank of America. The survey found that economic growth expectations are at their lowest level since April 2020.  Expectations for economic growth plunged 14 percentage points from BofA’s August survey. BofA said in the report that macroeconomic optimism is… Source link

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People ‘eager to raise taxes on anybody but themselves,’ says fiscal watchdog

U.S. House Ways and Means Committee Chairman Richard Neal (D-Mass.) promises the $3.5 trillion budget reconciliation bill will, “both address our perilously changing climate and create new, good jobs, all while strengthening the economy and reinvigorating local communities.” But Maya MacGuineas, the president of the nonprofit Committee for a Responsible Federal Budget, said politicians are punting on taxes and the promise to bring the bill in on budget. “What we’re seeing coming out of the… Source link

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Hey, remember China?: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, September 14, 2021 A geopolitical struggle barely in the early stages, with big implications At the height of former President Donald Trump’s trade war with China in 2019, I wrote about the hydra-headed controversies that were turning Sino-American flashpoints into an epochal fight for geopolitical dominance. In short, there was a… Source link

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Stock futures open slightly higher ahead of inflation data

Stock futures opened higher Monday evening after a mixed session earlier, as traders awaited a highly anticipated new inflation report. Contracts on the S&P 500, Dow and Nasdaq were each slightly higher as the overnight session kicked off. During the regular trading day, the S&P 500 and Dow rose to each end five-session losing streaks, while the Nasdaq extended last week’s losses.  On Tuesday, traders are set to receive the Labor Department’s August consumer price index (CPI), which is likely… Source link

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Opening statements kick off first trial of parents

The first trial linked to the Varsity Blues scandal is officially underway, with defense lawyers heavily emphasizing how the parents accused of fraud and bribery conspiracy were victims in a scheme perpetrated by a con man, according to their opening statements on Monday. Two fathers, both successful businessmen, are on trial this month over their alleged participation in a widespread criminal scheme to fraudulently secure college admissions for their children. Gamal Abdelaziz, a former casino… Source link

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Elizabeth Holmes’ co-defendant denied a guaranteed seat at her trial

The federal judge overseeing the criminal fraud trial of former Theranos CEO and Silicon Valley biotech entrepreneur Elizabeth Holmes on Monday denied a request by her co-defendant Ramesh “Sunny” Balwani for guaranteed access to the high-profile proceedings. “Mr. Balwani hereby moves this Court to reserve two seats for members of his defense team at Ms. Holmes’ trial in order to maintain a level playing field between the defense and prosecution leading up to Mr. Balwani’s trial,”… Source link

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