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Continue reading BREAKING: US Economy Stages Robust Payroll Growth
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Ridgewood NJ, Federal Reserve officials agreed to a pause despite the fact that some officials wanted to raise rates by 0.25% last month because they felt the job market was too strong, the economy was showing signs of more resiliency, and inflation was not coming down fast enough.
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Ridgewood NJ, billionaire hedge fund manager Bill Ackman founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. His investment approach has made him an activist investor. As of June 2023, Ackman’s net worth was estimated at $3.5 billion by Forbes.
Continue reading Bill Ackman Latest Wall Streeter to Embrace RFK Jr.’s Skepticism on Covid Vaccines
file photo by Boyd Loving
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Ridgewood NJ, it’s no secret that in the past three years, the lure of remote working has never been stronger – and US individuals are increasingly turning to the gig economy and self-employment in order to achieve their re-shuffled priorities.
In 2020 alone, the gig economy grew by 33% (Forbes), and that rise of self-employment and budding entrepreneurialism continues to grow in 2023 – despite data showing that self-employed individuals earn considerably less on average.
The experts at Moneyzine.com just this month released a ground breaking survey that takes a deep dive into the job satisfaction, work/life balance, stress levels, and income of self-employed individuals and employed workers across the US.
Remote work and the gig economy has been an increasingly popular topic in the past few years as the aftermath from the pandemic left millions re-shuffling their priorities.
While the individuals that are self-employed in the US may be a small pool compared to the employed workforce (16.2 million vs 160.72 million), new research from Moneyzine.com has revealed that while self-employed workers earn, on average, less than employed workers across all states in the US – they also report far higher levels of job satisfaction, a better work/life balance, and less stress overall.
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Washington DC, the U.S. economy grew at a much stronger pace than expected growth in the first quarter, according to a major upward revision in the GDP on Thursday from the Commerce Department.
Continue reading Major Revision Raises GDP Growth Rate to 2%
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Washington DC, the Federal Reserve Board on Wednesday released the results of its annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession.
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Ridgewood NJ, the International Brotherhood of Teamsters walked away from the national bargaining table and officially demanded UPS exchange its last, best, and final offer no later than June 30.
Continue reading TEAMSTERS SAY NATIONWIDE UPS STRIKE IS IMMINENT
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Washington DC, durable goods orders continued to rise . In May thanks to strong demand for transportation equipment and nondefense aircraft durable goods orders, including appliances, computers, cars and other manufactured goods, rose 1.7% in May from the month prior to a seasonally adjusted $288.2 billion, the Commerce Department said Tuesday.
Continue reading Durable Goods Orders Continue to Rise at a “Surprisingly” Healthy Clip
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Washington DC, pause, not stop. That’s the message from the US Federal Reserve. On Wednesday the FED paused it’s 15-month rate-hiking campaign to normalize interest rates . In its latest statement the FED promoted the “we will see”, saying inflation remains too hot , the job market remains robust, and banking system is sound despite recent miss steps . All this points too the coveted “soft landing” .
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Washington DC,(837am) the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in May on a seasonally adjusted basis, after increasing 0.4 percent in April, the U.S. Bureau of Labor Statistics reported today.
Continue reading Inflation Rose at a 4% annual rate, the Lowest in 2 years
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Washington DC ,(8:37am) total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in professional and business services, government,
health care, construction, transportation and warehousing, and social assistance.
Continue reading Payrolls Rose 339,000 in May, Much Better than Expected
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Morris Plains NJ, the former chief financial officer for a biopharmaceutical company today admitted his role in an insider trading scheme, U.S. Attorney Philip R. Sellinger announced.
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Washington DC,(8:34 AM) the Producer Price Index for final demand declined 0.5 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in February and increased 0.4 percent in January. (See table A.) On an unadjusted basis, the index for final demand advanced 2.7 percent for the 12 months ended in March.
Continue reading Producer Price Index Gives More Evidence of Cooling Inflation
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Washington DC, The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication that it is nearing the end of this hiking cycle.
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Ridgewood NJ, this is starting to smell like the 1980’s . Salesforce is facing pressure from activist firm Elliott Management. The move has Salesforce employees worried about potential additional layoffs beyond those already announced. Elliott’s involvement could result in the ousting of Salesforce’s board of directors, divestment of acquisitions like Slack, MuleSoft, and Tableau, and an end to remote-work policies. Salesforce board members have to be reelected every year, a fact that may be exploited by investors at the next shareholder’s meeting.
