JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
Steve Jobs looks to the sky as he presents on stage at an Apple Event. Getty/William Stevens Editor’s note: This article was originally published on ZDNET on Oct. 5, 2011 and is being republished in memory of the passing of Steve Jobs. Who is doing the most important work in the tech world and which … Read more
Colombia has The Weeknd to thank for a huge boost to the country’s economy … his latest not only brought in a whole bunch of money, but a ton of jobs with it. The singer performed in Bogotá — the country’s capital — Wednesday night, working with 35 different companies in the city, which translated … Read more
Long-duration Treasury yields rose again on Thursday as investors awaited a key jobs report to gauge the path of monetary policy. The yield on the 10-year Treasury slipped 2 basis points to 4.712%. It had risen as high as 4.884% on Wednesday, hitting a 16-year high. The yield on the 30-year Treasury was marginally down … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on October 04, 2023 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
A trader works on the floor of the New York Stock Exchange during opening bell in New York City on August 21, 2023. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
Moog Music has reportedly slashed jobs at its Asheville, North Carolina manufacturing factory, the Asheville Citizen Times reports. The exact number of layoffs at the iconic synthesizer brand is currently unknown, but sources told the Citizen Times that more than half of existing positions were cut, including most workers who built the instruments. Synth Anatomy … Read more
A fortune teller predicting the future to a passer-by. Luis Acosta | Afp | Getty Images SINGAPORE — When it comes to looking for perfect hires, it’s not just work experience and resumes that are scrutinized. For some employers in Singapore, the day and time the candidates were born are just as important. To determine … Read more
Like GM, Ford and Stellantis have launched their very own joint EV battery ventures with South Korean electronics firms. The UAW says the brand new companies are providing jobs with decrease pay and security protections than at established unionized auto crops. Final month, the lately unionized Ultium staff inked an interim settlement to boost wages … Read more
Westend61 | Westend61 | Getty Pictures Specialists have been pointing to a coming downturn for the U.S. economic system. The query was when. Now, nonetheless, some companies and specialists are strolling again these predictions, calling into query the validity of a once-trusted recession indicator referred to as the yield curve inversion. “Whereas it’s true that … Read more