Michael Burry said on Tuesday that the U.S. labor market is about to be sliced in half, with blue-collar workers remaining a sought-after commodity, while white-collar workers see job losses and falling wages. In other words, the good times are ending for office workers. “I see a bifurcated labor market developing as unskilled and semiskilled remain in short supply, but white-collar workers, having proven their redundancy during COVID, will find gross excess in the labor market, pressuring… Source link
Read More »Florida actually dissolving Disney’s special status unlikely since ‘consequences too dire,’ expert predicts
As Disney (DIS) grapples with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, some experts say the dissolution might not even happen. “I don’t think it’s very likely,” said Richard Foglesong, Disney historian and author of the book “Married to the Mouse: Walt Disney World and Orlando.” “Frankly, the consequences are too dire,” Foglesong added. “Already you’re seeing conversations about the real cost of this, and who will pay. From all appearances… Source link
Read More »Oppenheimer Predicts Over 90% Rally for These 2 Stocks
After a period of sustained losses, the stock market has been staging a comeback, with valuations across the board moving in one direction – higher. Between March 14 and March 23, the S&P 500 rose ~8%, while the NASDAQ was up ~12%. Oppenheimer’s Chief Investment Strategist John Stoltzfus offers an explanation for the powerful rally: “In our view it wasn’t so much that investor sentiment had turned broadly positive last week but rather that enough investors started to see numerous… Source link
Read More »Who will be the first trillionaire? Study predicts Elon Musk in 2024.
A new study from Tipalti Approve compared the annual net worth of the world’s wealthiest people, predicting how soon they will reach a personal valuation of one trillion dollars. Elon Musk will be the first to reach the milestone — as quickly as 2024, based on analysis of average yearly growth trends. Musk currently boasts a net worth of around $200 billion, the highest of any living human. By mid-January of this year, that figure stood at $263 billion. Musk’s profitable work at Tesla ( Source link
Read More »CBS predicts Jags to sign 2 notable free agents pass-catchers
If there are two areas fans can bet on the Jacksonville Jaguars addressing during free agency, it’s their offensive line and receiver. With them having around $55 million in available cap space, fans should also expect splash signings at both positions depending on who hits the market. In an article by CBS Sports, that’s exactly the approach Cody Benjamin has the Jags taking in terms of getting skill weapons for Trevor Lawrence. In his free-agent predictions article, he had the Jags… Source link
Read More »Yahoo Expert Predicts 2022 Will Be an Even Bigger Year for Crypto
dulezidar / iStock.com Cryptocurrency had a big year in 2021, with Bitcoin values skyrocketing (and then plummeting), Coinbase going public and Dogecoin rising in popularity thanks to public support from Elon Musk and Mark Cuban. But 2022 may be an even bigger year for crypto, predicts Jennifer Schonberger, senior reporter at Yahoo Finance and a cryptocurrency expert. More: Cryptocurrency Predictions for 2022Find Out: 8 Best Cryptocurrencies To Invest In for 2022 Here’s are Schonberger’s… Source link
Read More »3 ‘Strong Buy’ Stocks Raymond James Predicts Will Rally Over 60%
As Q4 gets into full swing, we can take a moment to look back over our shoulders at where we’ve come from. The sustained upward trend of the markets is obvious from this view, and the recent downturn in the market appears as a bump against some otherwise solid gains. Even so, there are reasons for concern right now. The COVID pandemic hasn’t gone away – and it doesn’t look like it will go away either. The September jobs numbers were weak, and unemployment only fell because too many… Source link
Read More »Bitcoin will eventually hit ‘$1 million a coin,’ CoinDesk editor predicts
As investor interest in cryptocurrency spikes, bitcoin could rise to $1 million over the next five years, one expert told Yahoo Finance Live. “Bitcoin is going to $1 million a coin,” CoinDesk Learn Editor Ollie Leech said. “I actually believe that it will, at some stage, with just the scarcity aspect alone, it makes it an incredibly exciting asset to hold… Bitcoin is uncontested.” The timing of bitcoin crossing $1 million is the big question. Leech says the next bitcoin halving — a… Source link
Read More »Google Predicts These 4 Pandemic Changes Are Permanent
Rapid Response to Changes in Consumer Habits Virtual Events Will Continue Working From Home Will Continue Online Shopping is Now The Norm Companies have changed the way they do business since the pandemic. In a new report, Google forecasts which of those changes are here to stay. Citing search data to back up some of its predictions, Google says these pivots will become permanent: Using real-time tracking insights to rapidly respond to consumers. Holding virtual events. Working from home. Offering… Source link
Read More »Reddit-fueled investing mania will end with many losers, says expert who predicts Dow 35,000
TipRanks Time to Turn Bullish on These 2 Oil Stocks, Says Raymond James We are entering a new paradigm for the oil and gas industry, one far removed from the Trump Presidency’s pro-drilling policies. The Biden Admin is likely to cut back on oil and gas production in the US, in favor of promoting renewable energy sources and carbon pollution reduction. In the short run, his policies are likely to push oil and gas prices up – and that may turn out to help the hydrocarbon sector, at least at… Source link
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