Tag Archives: report

U.S. stocks opened Friday’s trading session higher following an in-line August jobs report. Shortly after the opening bell, the S&P 500 was up 0.7%, the Nasdaq up 0.7%, and the Dow was up about 150 points, or 0.5%. This jump follows a volatile trading session on Thursday that saw all three major indexes sink before paring losses, with the S&P 500 and Dow finishing September’s first trading session in the green. Data from the Labor Department published Friday morning showed nonfarm payrolls grew… Source link

Google employees are reportedly frustrated with management over its requirement that workers return to the office — particularly as they have grown alarmed over the high number of COVID-19 infections among company staffers. The grumblings bubbled to the surface after it was reported last week that there was a COVID outbreak at Google’s Silicon Beach campus in Venice, Calif., where 145 people were said to be infected. The Los Angeles County Department of Health said the… Source link

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

Twitter CEO Parag Agrawal (left) is at loggerheads with Elon Musk over the Tesla CEO’s proposed $44 billion takeover.Kevin Dietsch/Getty Images, Andrew Kelly/Reuters Twitter CFO Ned Segal warned employees Friday their bonuses could be half the maximum, per The NYT. Segal said the company’s bonus pool was at 50% of where it could be if financial targets were being hit, per The NYT. Twitter employees’ bonuses are tied to the company’s financial performance, which has declined of late. Twitter told… Source link

P Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US’ JP Morgan bank in June 2021 in Paris.MICHEL EULER/POOL/AFP via Getty Images JPMorgan CEO Jamie Dimon spoke to some of the bank’s wealthy clients on a call Tuesday, Yahoo reported. He said there’s a 20-30% chance of a “harder recession” and equal odds of “something worse.” He described current risks as “storm clouds,” an apparent downgrade from his June warning of a “hurricane.” JPMorgan CEO Jamie… Source link

Tech giant Google is inviting Nest product owners to join the testing phase for a new design of its Home app, an online listing reveals, suggesting that users may soon see a revamped experience on the service. As spotted by a Reddit user, the company is “recruiting for a group of highly engaged testers that are willing to help Google Nest test an unreleased… 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

Former Denver Broncos wide receiver Demaryius Thomas died of complications related to a seizure disorder, according to an autopsy report obtained by 9News’ Mike Klis. The exact manner of death reportedly remains undetermined by the Fulton County Medical Examiner’s Office, which performed the autopsy the day after the 33-year-old Thomas was found dead in the shower last December. The medical examiner also found traces of nicotine and marijuana in Thomas’ system, but no signs of any other drugs,… 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

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