American workers are becoming more productive. Recent analysis from Bank of America showed the average revenue per worker for companies in the S&P 500 hit an all-time high in February after 15 years of no gains. This is one of several signs that labor productivity is rebounding after slumping during 2022. Some on Wall Street think the developments in labor productivity could help the stock market survive stickier-than-expected inflation that has emerged as a concern in recent weeks. “If… Source link
Read More »Nationals superstar Juan Soto reportedly rejects 15-year, $440M offer, team could entertain trade offers
One of the best players in baseball could be on the move in the next few weeks. Washington Nationals superstar Juan Soto reportedly declined a 15-year, $440 million offer from the team, according to Ken Rosenthal of The Athletic. That decision will lead to the Nationals listening to offers for the young star. The proposed deal would have made Soto, 23, the highest-paid player in baseball history. Notably, the offer contained no deferred money. Though the Nationals will reportedly entertain… Source link
Read More »US home price growth reaches 15-year high
Home price growth in the U.S. surged at the fastest pace in 15 years in February. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 12% annual gain in February, up from 11.2% in January. The rate is the highest year over year gain recorded by the index since February 2006. The 20-City Composite posted a 11.9% annual gain, up from 11.1% the previous month, beating consensus estimates of 11.9%, according to Bloomberg. “Housing’s strength… Source link
Read More »