Tag Archives: People

Concerns over commodities inflation and slowing consumption by shoppers has led to consumer staples stocks really being out of favor among investors right now.  The share of consumer staples within the S&P 500 has plunged below 6% for only the second time in 30 years, according to a note from Sundial Capital Research. Researchers at Sundial say the decline reflects lagging stock prices and shrinking market caps among consumer staples, and more upbeat trading in other S&P 500 sectors.  “So… Source link

Investors clearly want to stay believers in the buy-the-dip strategy that has worked so well, for so long.  With stocks catching a surprise downdraft last week on Evergrande and debt ceiling concerns — which included the S&P 500 dipping below the key 50-day moving average —investors stepped up and bought big, according to new data out of BofA Securities.  BofA said its clients were “big net buyers” of U.S. equities last week, scooping up $5.9 billion worth of stocks. It marked the third… Source link

Gary Cohn, a key architect of former President Trump’s 2017 Tax Cuts and Jobs Act, has a new mission.  “We now need to get people back into the workforce and we need to force people in many respects to re-enter the workforce,” Cohn told Yahoo Finance Live. Cohn said he is worried the current shortage of labor threatens to undermine the ability of American businesses to compete at home and globally. The U.S. Department of Labor’s latest JOLTS report showed there are almost 11 million job… Source link

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

Amid fears of new variants emerging and evading COVID-19 vaccines, health experts are repeatedly pointing out that being fully vaccinated is very different from being unvaccinated. “We have to be very clear about who we’re talking about,” Dr. Jeremy Faust, an emergency physician at Brigham and Women’s Hospital and an instructor at Harvard Medical School, said on Yahoo Finance Live (video above). “The Delta variant is extraordinarily dangerous for the unvaccinated, and it presents a… Source link

Hedge fund manager Mark Spitznagel, the founder of $11 billion “Black Swan” hedge fund Universa Investments, says investors have been getting risk mitigation wrong from the start. “Our goals are even wrong. And really, we have Modern Portfolio Theory to thank us for this. But it’s just kind of a heuristic of investing that you need to take more risk in order to get higher returns, in order to get more wealth at the end of the day. And as you take less risk, your returns are going to go down,”… Source link

Bitcoin (CRYPTO: BTC) and other cryptocurrencies “are not legal tenders and have no actual value support,” according to Deputy Director of the Financial Consumer Rights Protection Bureau of the People’s Bank of China (PBoC) Yin Youping. What Happened: According to a report by local news outlet People’s Daily Online, Youping said that cryptocurrencies are purely speculative assets. He also advised the public to increase its risk awareness and stay away from the crypto market to “protect… Source link

Attracting workers is one of the biggest challenges for the economy as it recovers from the pandemic. It’s a hurdle the restaurant business knows all too well. “Labor has always been a big challenge. But I think it’s more difficult than ever now,” says David Novak, founder and CEO of David Novak Leadership and co-founder and former CEO of Yum! Brands (YUM), which operates KFC, Pizza Hut, and Taco Bell, among other brands.  “Everybody that I’ve talked to says it’s never been harder to get the… Source link

Goodyear Chairman and CEO Richard Kramer — the second longest serving CEO in the tire maker’s 123-year history — says the good times are likely to keep rolling for his industrial giant over the next year. Credit for that will probably come from consumers continuing to reinvest in their vehicles amid sky high used car values and limited inventories of new cars on dealer lots thanks to the chip shortage roiling the likes of Ford, General Motors and others. “Our OEM [original equipment… Source link

Google is teaming up with Stanford University in an effort to make its workforce more neurodiverse. The technology giant said recently that it is launching a new program aimed at bringing more people with autism into its cloud workforce and supporting them better. With Google Cloud’s Autism Career Program, the company said that it will work with experts from the Stanford Neurodiversity Project — part of the university’s medical school — to train as many as… Source link