NEW YORK (AP) — Wall Street is rising again Thursday after another encouraging dose of data showed inflation cooled last month. The S&P 500 was up 0.6% following a report showing inflation at the wholesale level slowed more than economists expected. It bolstered hopes among investors that inflation may be close to a peak and … Read more
The job market is still red hot despite fears of a recession, and job seekers continue to display confidence in their ability to take up better jobs. “I quite often get this question from my students…how do they choose from the many offers that they get?” said Olivier Sibony, a professor of strategy at HEC … Read more
If the US economy is in recession, someone forgot to tell the job market. The employment picture over the past six months is behaving nothing like an economy in a downturn, instead creating jobs at a rapid pace of nearly 460,000 a month. Research from CNBC’s Steve Liesman indicates that during a typical downturn, the … Read more
JGI/Jamie Grill | Tetra images | Getty Images As the US economy shrinks for a second straight quarter — one definition of a recession — many Americans aren’t prepared for an economic downturn. However, financial advisors say there’s plenty that is in your control. Fewer than half of Americans feel “financially secure enough” for another … Read more
In an aerial view, shipping containers sit idle at the Port of Oakland on July 21, 2022 in Oakland, California. Truckers protesting California labor law Assembly Bill 5 (AB5) have shut down operations at the Port of Oakland after blocking entrances to container terminals at the port for the past four days. An estimated 70,000 … Read more
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief US equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The market … Read more
1. Diversify revenue streams Don’t rely on just one way of making money – that’s the “best anti-crisis strategy,” according to Volodarsky. “Ideally, look for gigs in different verticals, geographies, and skill sets to diversify your income portfolio and minimize risk. If one of your gigs shuts down, you’ll have a much easier time finding … Read more
Runaway inflation has raised fears that the economy is headed towards a return of stagflation but a host of Wall Street banks such as Goldman Sachs and HSBC believe there remains opportunities for investors to safely navigate this tricky backdrop. UCG | Getty Images What is stagflation? Stagflation is a term coined in the 1970s … Read more
Isabel Garcia Nevett is once again making adjustments to her business. After navigating the pandemic and dealing with rising inflation, she’s now thinking about how her Miami-based chocolatier, Garcia Nevett Chocolates, can weather a possible recession. With growth for her small business linked to corporate gift giving, she’s worried about cuts in spending. “All those … Read more
Westend61 | Westend61 | Getty Images The job market is still hot, but that won’t last forever. In fact, there have already been some signs of a shift, according to John P. Morgan, president of talent development and transition firm Lee Hecht Harrison. To be sure, the most recent data shows strong job growth in … Read more