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☆ U.S. curbs on China to rise as 'decoupling is really in full force,' expert warns, amid possible TikTok ban
▼ + stars: | 2024-03-12 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

"The question is to what extent and how broad will it be," Okun told CNBC's "Street Signs Asia" on Monday. House Speaker Mike Johnson told reporters the TikTok divesture bill will be on the floor on Wednesday. The Committee wants a "reset," with China Okun said. It is going to apply certainly into biotech – I think this is the sector you want to watch next." The U.S. Senate voted earlier this month to approve a bill that could restrict business with Chinese biotech firms, such as WuXi AppTec and BGI, on national security concerns.

Persons: Steven Okun, Okun, CNBC's, Mike Johnson, China Okun Organizations: APAC Advisors, ByteDance, Chinese Communist Party, U.S, Senate Locations: China, America, U.S, WuXi

☆ CNBC Daily Open: Wall Street wary as inflation data looms
▼ + stars: | 2024-03-12 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Overnight, U.S. stocks ended mixed as investors await key inflation data for clues on the Federal Reserve's path on rate cuts. "The question is to what extent and how broad will it be," he told CNBC. Web inventor's top predictionsTim Berners-Lee, recognized for inventing the World Wide Web, told CNBC his top predictions for the future of the web — and how it will be transformed by Al.

Persons: Patria Stodghill, vender Susan Mendoza, Hang Seng, Dow, Shaun Rein, it's, Steven Okun, Tim Berners, Lee Organizations: Patria, Washington , DC, CNBC, CSI, Nikkei, Nasdaq, China Market Research, APAC Advisors, Al, Barclays Locations: Washington ,, Hong Kong, Asia, China, U.S, Washington

☆ U.S. House Select Committee on competition with the CCP wants a 'reset' with China: Consultancy
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. House Select Committee on competition with the CCP wants a 'reset' with China: ConsultancySteven Okun, founder and CEO of APAC Advisors, discusses the approval of a bill that could lead to a ban on TikTok in the United States.

Persons: Steven Okun Organizations: U.S, CCP, APAC Advisors Locations: China, United States

☆ After 3 years of pain, America has finally achieved economic nirvana
▼ + stars: | 2023-12-03 | by ( Neil Dutta | ) www.businessinsider.com time to read: +11 min

The October jobs report — with the economy adding just 150,000 jobs and the unemployment rate ticking up to 3.9% — was a disappointment. Of particular notice, the unemployment rate has increased by half a percentage point over the past six months. A simple way to show that things are still in balance is to look at Okun's law, a relationship between movements in the unemployment rate and economic activity. The historical record shows that once it rises half a percentage point, the unemployment rate tends to rise even more. The unemployment rate is already above the Fed's year-end forecast of 3.8% — the first time that's happened since March 2022.

Persons: Jerome Powell, it's, It's, we're, What's, what's, Neil Dutta Organizations: Federal Reserve, Fed, Macro Locations: joblessness, nonfarm payrolls

My mortgage broker demystified the homebuying process and guided me step by step. Here's how my mortgage broker and I worked out a plan to make my dreams of homeownership a reality and how I'm preparing for mortgage renewal in the not-too-distant future. See Insider's picks for the best mortgage lenders »My mortgage broker ran the numbers for different scenariosI spoke with a few mortgage brokers before deciding to work with the brilliant Lisa Okun. Compare today's 30-year mortgage rates »I know renegotiating my mortgage will be complexI like to know how much I'm going to need to spend. Because the interest rates in Canada were so low at the time (around 2.5%), I felt good about locking into that rate.

Persons: Lisa Okun, Lisa, They've Organizations: Service Locations: Wall, Silicon, Ontario, Canada

☆ Retailers are hoarding labor even as tech layoffs mount
▼ + stars: | 2023-02-14 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Some retailers are bucking the trend of layoffs and holding on to workers. But on the store level, retailers are holding on tight to their workers, even seasonal workers who they typically would have dismissed by now, in a practice known as "labor hoarding." "The concept of labor hoarding is alive and well," Kenneth Kim, a senior economist at KPMG, told Insider. Anna Moneymaker/Getty ImagesThose layoffs don't seem to be an emerging trend in the retail sector, Kim from KPMG said. And while there were 417,000 job cuts in January, the official models were accounting for a lot more, since that's when many retailers typically begin laying off seasonal workers.

☆ Inflation and Unemployment Both Make You Miserable, but Maybe Not Equally
▼ + stars: | 2022-11-18 | by ( Josh Zumbrun | ) www.wsj.com time to read: 1 min

For nearly 50 years, the so-called Misery Index has added the unemployment rate to the inflation rate as a gauge of Americans’ mood. So just how miserable are Americans right now? For nearly 50 years, the go-to place for an answer has been the Misery Index, invented by the late economist Arthur Okun. The formula is simple: add the unemployment rate (3.7% in October) to the inflation rate as measured by the consumer-price index (7.7% in October), which currently comes to 11.4%.

☆ The Democrats will probably hold the U.S. Senate, says advisory firm
▼ + stars: | 2022-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Democrats will probably hold the U.S. Senate, says advisory firmSteven Okun of McLarty Associates says "it's looking like we may end up with a 50-50 Senate still."

☆ Economia moldovenească îşi revine după anul de criză 2020
▼ + stars: | 2021-06-23 | by ( ) capital.market.md time to read: +8 min

Este, de fapt, o recuperare fragilă a poziţiilor pierdute în anul când economiile lumii, iar Moldova nu a fost o excepţie, au fost parţial stopate. Termenul de recesiune tehnică a fost introdus prima oară de către economistul american Art Okun în 1967. Economia Republicii Moldova a început să-şi revină încet, dar sigur, deşi continuă să fie pe minus. Deja în anul următor 2010, BNS raporta o creştere de 6,9 la sută, ceea ce însemna o recuperare a poziţiei pierdute în anul precedent. Pe categorii de resurse, influenţa pozitivă a fost generată de sectoarele în care înviorarea a fost resimţită cel mai mult: comerţul cu ridicata şi cu amănuntul (+0,7% contribuţie la PIB), industria prelucrătoare (+0,6%), informaţii şi comunicaţii (+0,4%), tranzacţii imobiliare (+0,4%).

Persons: american Art, BNS, R, Vlad Organizations: Economiei, Mondiale, Park Locations: Moldova, american, Republicii Moldova, BNS, SUA, moldoveneşti, pieţele, Europa de Est

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