Friday’s employment report showed surprising strength in the job market, but there are signs it may not be all right for all workers. Resignations in low-wage industries like retail, leisure and hospitality are slowing, said Nick Bunker, an economist at Indeed Hiring Lab. That means people working in those industries likely have less bargaining power … Read more
AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its special “APE” dividend after the market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie chain’s $ 27.9 million investment in the Hycroft Mining Holding Corp. HYMC gold and … Read more
The S&P 500 Index may be in the process of securing two major bullish SPXs, -0.12% milestones. First, the S&P rose from that mid-June low to the major resistance at 4170. A two-day close above that level would be quite bullish and set the stage for a downtrend line challenge that defines this bear market. … Read more
Personal finances can be particularly daunting for members of the LGBTQ + community, who have faced exclusion and discrimination from their families and from financial and governmental institutions. According to an analysis by the Human Rights Campaign Foundation, gay men earn about 69 cents per dollar to their straight peers and lesbians earn about 89 … Read more
WASHINGTON – Leaders of a Senate committee will propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest rate swaps. Senate Agriculture Committee Chair Debbie Stabenow and high-ranking Republican John Boozman of Arkansas are planning to introduce a bill on August … Read more
Two prominent and influential proxy consulting firms are urging Tesla Inc. investors to vote against the re-election of two directors and recommend challenging the wishes of the company and voting on six of the eight shareholder proposals. Tesla TSLA, + 0.04% is facing several employee-related disputes and is caught in the spotlight on CEO Elon … Read more
What would Ned Johnson do? The late, great Fidelity Investments honcho transformed his family’s Boston-based money management company into one of the largest in the world over the course of a long career. Johnson died on March 23 this year at the age of 91. On April 26, just over a month later, his daughter … Read more
What will happen in the real estate market this year? Getty Images When will house price growth really slow down? Will mortgage rates continue to rise? What do i need to know if i am looking to buy a home now? These are all questions we hear from readers, colleagues, and others, so we’ve asked … Read more
It’s been a bit of a rally. The S&P 500 SPX he is starting the week at a seven-week high, buoyed by hopes for a less aggressive Fed and a sense that earnings pessimism was exaggerated. The benchmark equity index rose 12.6% from its recent June low, having achieved its best July performance since 1939, … Read more
Credit card companies appear to be under a political microscope once again as the Wall Street Journal reported Wednesday that Senators are working on a new bill that would target Visa Inc. and Mastercard Inc. The story noted that Senator Dick Durbin, a Democrat from Illinois, and Senator Roger Marshall, a Republican from Kansas, are … Read more
