Tag Archives: jobs

The virtual reality (VR) job postings at Meta have shockingly died down, as its Founder and CEO Mark Zuckerberg places a $10 billion bet on building his metaverse dream, a new report has shown. The VR job postings have also slowed down at other Big Tech companies like Apple and Google amid the hiring frezz and layoff season owing to the global economic meltdown,… Source link

Bond yields ripped higher after new employment data showed the U.S. economy adding a breakneck 528,000 jobs in the month of July. Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance the strong July jobs report shows that the economy is “not there yet” when it comes to recession. Michael Pearce, senior U.S. economist at Capital Economics, was even firmer in an email following Friday’s data: “The unexpected acceleration in non-farm payroll… Source link

The July jobs report was so out-of-the-blue hot on Friday — coming in at more than double expectations — that it may spur the Federal Reserve to be way more aggressive on interest rate hikes than market goers thought just one day earlier. If so, would that set the table for a potential swift downdraft in stocks? “I think it does at the S&P level for the index,” Wall Street’s biggest bear strategist Mike Wilson of Morgan Stanley told Yahoo Finance (video above) when asked if on if the jobs… Source link

The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession. The Labor Department released its latest monthly jobs report at 8:30 a.m. ET on Friday. Here were the key numbers from the report, compared to economist estimates compiled by Bloomberg: Non-farm payrolls: +528,000 vs. +250,000 Unemployment rate: 3.5% vs. 3.6% Average hourly earnings, month-over-month: +0.5% vs. +0.4% Average… Source link

U.S. stocks were little changed Thursday following uneventful trading as investors looked ahead to July’s jobs report on Friday and barreled through more earnings. The S&P 500 edged down 0.1%, while the Dow Jones Industrial Average slipped roughly 0.3%. After rallying on Wednesday, tech stocks tried to build back momentum, with the Nasdaq up 0.4%. The biggest action in markets on Thursday, however, was happening away from the major stock indexes with the price of WTI crude oil falling below… Source link

Warner Bros. Discovery (WBD) has a lot of questions to answer ahead of its earnings report on Thursday. The three-month-old streaming conglomerate, which is set to report its first quarterly earnings since the $43 billion merger, plans to lay off 70% of its development business, according to The Wrap, which cited “multiple insiders.” The news has fueled speculation when it comes to the future of HBO Max with sources telling The Wrap that CEO David Zaslav, known for his cost-cutting leadership… Source link

Shopify (SHOP) today joined the ranks of tech companies laying off employees, announcing that it was set to cut 10% of its workforce. The recent tech layoffs and hiring freezes stems from a so-called boomerang effect, LinkedIn Principal Economist Guy Berger told Yahoo Finance Live (video above). “Tech just kept hiring, just kept rising and rising and rising, at least to the end of last year, and now it’s coming down much faster,” he said. “I would say it’s kind of like a boomerang in that it… Source link

Sandy Anuras, the chief technology officer of Sunrun. Photo courtesy Sandy Anuras, the chief technology officer of Sunrun Tech workers are walking away from high-paying jobs with great perks to help fight what they believe is the greatest existential problem of our lifetimes: climate change. In some cases, that has meant taking a pay cut. But Sandy Anuras, who recently joined home solar provider Sunrun as its chief technology officer, says a big paycheck sometimes comes with a price. “The tech… Source link

Stocks opened Friday’s trading session lower after the June jobs report topped expectations. The US economy created 372,000 jobs in June while the unemployment rate held steady at 3.6% last month, data published Friday morning showed. Following this report, stocks fell with the Nasdaq losing 1% at the market open, the benchmark S&P 500 down about 0.5%, and the Dow off around 0.2%. Treasury yields were higher following this report, with two-year yields rising to 3.13%, further inverting the… Source link

The U.S. labor market remained a bright spot in the economy last month despite mounting talks of a recession, data from the Labor Department showed Friday. Here are the key numbers from Friday’s report: Non-farm payrolls: +372,000 vs. +268,000 expected and a revised +384,000 in May Unemployment rate: 3.6% vs. 3.6% expected and 3.6% in May Average hourly earnings, month-over-month: +0.3% vs. +0.3% expected and a revised +0.4% in May Average hourly earnings, year-over-year: +5.1% vs. +5.0%… Source link