Tag Archives: Morning

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, August 17, 2021 No skills? No degree? You’re hired.  The hiring logjam showed some signs of easing in July.  But companies in the trenches trying to match labor demand and supply still see a market that continues to be imbalanced — and tilted heavily towards those looking for work.  “No matter what source you use right now,… Source link

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 Monday, August 16, 2021 Consumer sentiment falls off a cliff in August On Friday morning, our Morning Brief newsletter noted that research from Bank of America suggested a consumer slowdown is likely to be reflected in July’s retail sales report, due out Tuesday morning.  Just hours later, hard data on how consumers feel about their economic… Source link

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 Thursday, August 12, 2021 But other signs emerge of inflation sticking around In a July press conference, Federal Reserve Chair Jerome Powell was asked to define this summer’s biggest buzzword in markets: transitory.  “The concept of transitory is really this: It is that the increases will happen,” Powell said. “We’re not saying they will reverse…. Source link

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 Wednesday, August 11, 2021 The COVID golf boom continues in 2021 In August 2020, we wrote in The Morning Brief that the golf business was booming during the pandemic.  In August 2021, the industry only looks stronger.  Within the last week, we’ve seen golf’s two biggest publicly-traded companies — Titleist parent company Acushnet (GOLF) and Source link

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, August 10, 2021 Job openings continue to explode The number of jobs open in America continues to explode.  On Monday, the Job Openings and Labor Turnover Survey (JOLTS) for June showed some 10.1 million jobs were open at last check, a record for the series which dates back to 2001. This marks the fourth straight month this series has… Source link

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 Monday, August 9, 2021 Berkshire Hathaway’s own shares were Berkshire’s big buy in the second quarter Berkshire Hathaway (BRK-A, BRK-B) released its quarterly results on Saturday morning.  Total revenue for the conglomerate hit $69.1 billion in the second quarter while earnings per share came in at $18,488 per Class A share.  But as has been the… Source link

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 Wednesday, August 4, 2021 Clorox shares erase all of their COVID gains On March 11, 2020, the World Health Organization declared the spread of COVID-19 a global pandemic.  In the days that followed, American consumers rapidly stockpiled supplies of all kinds — among them canned foods, toilet paper, and disinfecting wipes.  And as the market has… Source link

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 Friday, July 30, 2021 Robinhood shares fall on their first day of trading Shares of Robinhood (HOOD) sank by more than 8% on the company’s first day of trading, and day two starts in just a few hours.  The public debut for any company is exciting. But in many ways the Robinhood IPO meant a little more, serving as a sort of natural endnote to the… Source link

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 Thursday, July 29, 2021 Things happen in markets, according to the Fed chair The Federal Reserve wrapped up its latest two-day policy meeting on Wednesday, and offered investors a few surprises.  As Yahoo Finance’s Brian Cheung notes, the Fed’s statement and subsequent press conference from Fed chair Jerome Powell “hinted that the U.S. economic… Source link

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 Thursday, July 22, 2021 Urgent listings are on the rise. Hiring can be a challenging process.  Over the last several months, we’ve written about the abundance of open jobs in America, the impact retirements have had on the workforce, and the higher wages companies are offering to meet labor shortfalls.  And a new report from job posting website… Source link