Tag Archives: Jolts

(Bloomberg) — Cisco Systems Inc. spooked investors with a warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter, renewing broader concerns about tech spending in a shaky economy. Most Read from Bloomberg The outlook sent Cisco shares down as much as 19% in late trading and weighed on stocks of other networking companies, dealing a fresh blow to an already-battered sector. Even before Cisco’s latest plunge, its stock was down 24% this… Source link

The monthly jobs report (also called the “employment situation”) gets a lot of attention for its comprehensive read on the state of unemployment in the United States. But a lesser known report known as the Job Openings and Labor Turnover Survey (JOLTS) offers more detail into labor market churn, showing the flow of people in and out of jobs and the movement of people from one job to another. Put together, the two reports (both produced by the Bureau of Labor Statistics) offer context on the… Source link

Yahoo Finance’s Brian Cheung breaks down what the JOLTS report is and how it differs from the monthly U.S. jobs report. Video Transcript AKIKO FUJITA: Job openings hit a new record in June, with JOLTS data pointing to 10 million positions now available. But what exactly is JOLTS? And what does it tell us that the jobs report doesn’t? For more on that, let’s bring in Brian Cheung with this week’s “Yahoo U.” Brian. [MUSIC PLAYING] BRIAN CHEUNG: Well, Akiko, class is in session– a little summer… Source link

Bloomberg Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’ (Bloomberg) — It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower there picked up an inkbrush and, with practiced strokes, began to set characters to paper.Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary—and, less happily, replacement for a man who very recently had been executed.On this April night, Wang was… Source link