The great mismatch: Remote jobs are in demand, but positions are drying up

The job market — although still hot — is slowing, and many Americans who had been working from home are being called back into the office Lori Black has been firing off dozens of applications with one goal: to land a work-from-home job. But four months in, her search is starting to feel impossible. Positions… Read More »The great mismatch: Remote jobs are in demand, but positions are drying up

Fed Officials Say More Rate Hikes Coming; Williams Flags Path to Cuts

Federal Reserve policymakers stressed on Monday that they will raise borrowing costs further to curb inflation, with one key official saying that he sees interest rates heading somewhat higher than he had forecast just a couple of months ago. “Stronger demand for labor, stronger demand in the economy than I previously thought, and then somewhat… Read More »Fed Officials Say More Rate Hikes Coming; Williams Flags Path to Cuts

More Consumers Shopped With Apps Than at Malls on Black Friday

Inflation cast a long shadow over Black Friday 2022. Consumer prices rose 7.7% year over year in October, leaving millions of consumers wary as they entered the holiday shopping season. In total, 56 million United States consumers plan to opt out of holiday shopping entirely this year. For those consumers who are shopping this holiday season, however, Black Friday is… Read More »More Consumers Shopped With Apps Than at Malls on Black Friday

7 Wash Sale Facts To Know Before Selling Stock For Tax Loss Harvesting

Are you bullish about the stock markets in 2023? If so, you may be looking at year-end strategies to prepare for brighter investing horizons. For example, after the stock market declines of 2022, you may now hold securities—whether stocks, ETFs or mutual funds—that would generate capital losses if sold. Those losses could then be used… Read More »7 Wash Sale Facts To Know Before Selling Stock For Tax Loss Harvesting

New York becomes the first state to restrict cryptocurrency mining

New York Gov. Kathy Hochul (D) on Tuesday signed a law temporarily restricting cryptocurrency mining in the state over environmental concerns, making it the first state nationwide to implement such a move. The bill was delivered to the governor on Tuesday after the state legislature passed the measure in June, and The Associated Press reported that Hochul signed the measure. The… Read More »New York becomes the first state to restrict cryptocurrency mining

36% of U.S. Workers Plan to Leave Their Job in 2023: Weekly Stat

More than a third of employees are staying, however, due to positive relationships with their companies and co-workers. Despite unpredictable markets and rising interest rates, executives have shown they are still mindful of devoting effort and money toward employee retention. Organizations giving employees flexible work environments and salary raises to keep them from jumping ship in a… Read More »36% of U.S. Workers Plan to Leave Their Job in 2023: Weekly Stat

U.S. Audit Watchdog Looks to Strengthen Rules on Quality Controls

Audit firms would have to report once a year to the Public Company Accounting Oversight Board and their clients’ audit committees on how effective their systems are. The Public Company Accounting Oversight Board on Friday proposed tightening the rules that govern the controls audit firms use to assess the quality of their audits, a move… Read More »U.S. Audit Watchdog Looks to Strengthen Rules on Quality Controls

Bank of America sees bear rally fizzling out even as equity inflows surge

Investors flocked back into equities at the fastest pace in about eight months on signs of cooling inflation, but Bank of America Corp. strategists warn the rally will fizzle out due to earnings risks and staunchly hawkish central banks. Global stock funds saw inflows of US$22.9 billion in the week through Nov. 16, according to… Read More »Bank of America sees bear rally fizzling out even as equity inflows surge

JPMorgan Sees ‘Mild’ US Recession in 2023 on Fed’s Rate Hikes

JPMorgan Chase & Co. economists projected the US will enter a “mild” recession next year thanks to interest-rate hikes that could cost more than 1 million Americans their jobs, and the Federal Reserve will pivot to cutting borrowing costs in 2024. The Fed will probably raise its benchmark rate by 50 basis points in December… Read More »JPMorgan Sees ‘Mild’ US Recession in 2023 on Fed’s Rate Hikes