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☆ Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
▼ + stars: | 2024-04-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we examine how tough the job market is for the well-paid employee . That's the current job trend, as higher-paid employees are having trouble finding work despite a historically strong labor market. iStock; Rebecca Zisser/BIThe so-called white-collar recession could also have a lasting impact on the job market for high earners. AdvertisementIt speaks to the broader theme of efficiency Big Tech companies have touted for the better part of a year .

Persons: —, Alyssa Powell, Insider's Aki Ito, BI's Emily Stewart, Aki, Rebecca Zisser, Wall, There's, Christine Ji, Kenneth Tan, Alexander Spatari, Abanti Chowdhury, Christine Ji's, Raymond James, Larry Adam, Goldman Sachs, Elon Musk, Premier Li Qiang, Beijing . Wang Ye, Musk, Li Qiang, Jensen Huang, Douglas Sacha, Getty, Bob Bakish, Shari, David Kohl, Shopify, Changpeng Zhao, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Hamptons, Big Tech, Tech, Amazon, Bank of America, Elon, Premier, AP Elon Musk's, Federal Reserve, Paramount Locations: America, Beijing ., Xinhua, China, New York, London

☆ It's going to be a massive week for the stock market
▼ + stars: | 2024-04-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

It's a big week for the stock market with a deluge of economic data set to be released. AdvertisementIt's going to be a massive week for the stock market as investors prepare for a deluge of economic data and corporate earnings results. Raymond James' chief investment officer Larry Adam highlighted the top five things to watch this week that could have a big impact on stock market prices. Finally, the April jobs report set to be released on Friday will be closely watched by investors. The jobs report will provide an update on the strength of the labor market," Adam said.

Persons: Raymond James, —, Larry Adam, Adam, Jerome Powell, Powell, Treasurys Organizations: Fed, Service, Treasury Department, Treasury, Apple, Investors, ISM Manufacturing, Manufacturing

☆ Stock market today: Indexes extend gains ahead of big week for earnings and the economy
▼ + stars: | 2024-04-29 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors are preparing for the busiest week of earnings, with Amazon and Apple set to report. On the economic front, investors will be paying attention to the Fed meeting and jobs report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt's a big week ahead for the stock market, and so far investors are heading into it feeling upbeat as equity indexes extended their gains from last week in early Monday trades. Economists expect 250,000 jobs to have been added to the economy in April, down from the big March figure of 303,000 jobs adds.

Persons: —, Raymond James, Larry Adam, Jerome Powell Organizations: Amazon, Service, Federal

☆ A CIO details 4 reasons why the recent inflation spike is temporary — and says the Fed will still cut rates 3 times this year
▼ + stars: | 2024-04-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Raymond James' CIO also explained why he still sees the Fed cutting interest rates three times in 2024. But according to Raymond James chief investment officer Larry Adam, inflation is set to reverse lower and the Fed is going to cut interest rates at least three times this year. AdvertisementIf the economy slows, then so should inflation, and it should give the Fed more confidence to begin cutting interest rates. Real-time inflation metrics show a sharp declineWhile official government metrics show stubbornly high rent and used vehicle prices, real-time measures show considerably lower prices. The point is: there should be plenty of disinflation in the pipeline as CPI converges with some of these more real-time metrics," Adam said.

Persons: Raymond James, Larry Adam, Adam Organizations: Reserve, Fed, Labor, ISM Manufacturing, ISM

☆ Dividend stocks could see a revival in 2024
▼ + stars: | 2024-01-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dividend stocks fell out of favor in 2023, even as all three major US indexes overcame regional banking turmoil, high interest rates and geopolitical tensions to notch double-digit returns. As interest rates rose to a 22-year high, investors favored bonds at attractive yields over riskier stocks offering smaller payouts. Some traders believe that dividend stocks could make a comeback this year. Larry Adam, chief investment officer at Raymond James, favors dividend stocks in sectors like tech and healthcare for their growth qualities, over traditionally defensive categories like utilities. His firm only invests in dividend stocks that have that growth component, he says.

Persons: ”, Morgan Stanley, Larry Adam, Raymond James, Adam, Elisabeth Buchwald, John Cochrane, Anna Bahney, Freddie Mac, who’ve, Sam Khater, Freddie Mac’s, Read Organizations: CNN Business, Bell, New York CNN, Mastercard, Companies, Hoover Institute, “ Locations: New York

☆ Here’s where to invest $50,000 in the new year, according to the pros
▼ + stars: | 2024-01-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

The S & P 500 rose 24% in 2023, ending the year just shy of a record closing high. The highest S & P 500 target on the Street calls for 8.7% upside from Thursday's close. A fund with exposure to small and midcap semiconductor stocks is the SPDR S & P Semiconductor ETF (XSD) . Exposure to this space can be obtained through the SPDR S & P Health Care Equipment ETF (XHE) . For these investors, Bailey likes Berkshire Hathaway , calling it a counter-cyclical sitting on a ton of cash.

Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex

☆ Texas businesses feel terrible about the economy
▼ + stars: | 2023-11-01 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Many Texas manufacturing businesses are struggling amid economic uncertainty. AdvertisementAdvertisementMany Texas manufacturing businesses are not happy about how the economy is doing. The survey of 94 Texas manufacturers detailed how many Texas manufacturing firms are struggling. Still, the survey's production index, which measures Texas' manufacturing conditions, improved in October, despite a decline in the new orders index. Comments included in the report showed that across manufacturing, businesses are unsure about how to prepare for the future.

Persons: —, Raymond James, Larry Adam, Harley Bassman, I'm, there's, David Solomon, Goldman Sachs, we've Organizations: Dallas Fed, Service, Texas Manufacturing, Federal Reserve Bank of Dallas, Companies, Bloomberg, Management Locations: Texas, China, U.S, Ukraine

☆ The US economy is growing at the fastest pace in 2 years
▼ + stars: | 2023-10-26 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Real GDP rose 4.9% at an annualized rate in the third quarter. That greatly surpasses the roughly 2% seen in both the first and second quarter of this year. AdvertisementAdvertisementThe US economy saw much higher GDP growth in the third quarter than the first two quarters of the year. The advance estimate suggests much stronger growth than the roughly 2% rates seen in the first and second quarters of the year. Meanwhile, real fixed investments slowed from 5.2% in the second quarter to 0.8% in the third quarter.

Persons: —, Larry Adam, Raymond James Organizations: Service, Board

☆ A recession is about to hit the US economy. Here are 3 warning signs that defy consensus view, according to Raymond James
▼ + stars: | 2023-10-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

A recession is poised to hit the US economy within the next nine months, according to Raymond James. These are the three big warning signs Raymond James is monitoring ahead of a potential recession. These are the three warning signs he is monitoring ahead of a potential recession. Tailwinds that drove strong consumer spending since the pandemic are ending and excess savings have been nearly depleted. All of these risks should ultimately weigh on consumer spending habits as the crucial holiday season approaches.

Persons: Raymond James, Larry Adam, Adam, Brian Moynihan Organizations: Bank of America, Consumers

☆ Don't be fooled by strong economic growth. A recession could still be right around the corner.
▼ + stars: | 2023-10-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The investment firm said it wouldn't be a surprise if the economy showed strong growth right before a recession started. "In the last 12 recessions, the quarter before the economy went into a recession, growth was positive and robust." AdvertisementAdvertisementInvestors shouldn't be fooled by strong GDP growth in the next quarter or two, as an economic recession could still be right around the corner. That's based on the fact that prior recessions saw solid economic growth in the quarter right before the recession started, according to data from Raymond James. "In the last 12 recessions, the quarter before the economy went into a recession, growth was positive and robust—registering an average growth rate of 2.6%.

Persons: Raymond James, —, Larry Adam, Raymond James Strong, Adam, he's, Bill Gross, Gross, Wharton, Jeremy Siegel, Siegel Organizations: Service, Atlanta Federal

☆ These 4 risks could plunge the US economy into a recession as inflection point nears
▼ + stars: | 2023-09-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Hopes for a soft landing in the economy could be dashed as a number of risks start to converge. These are four risks that could send the economy into a recession sooner rather than later, according to Raymond James. AdvertisementAdvertisementThe US economy is more likely to enter a mild recession than stick a soft landing, according to a Friday note from Raymond James. AdvertisementAdvertisementThese are the four risks that could ultimately tip the economy into a recession, according to Adam. Labor market is weakening"The labor market's strength is finally starting to wane.

Persons: Raymond James, Larry Adam, Adam, Banks, shutdowns Organizations: Federal Reserve, Labor, United Auto Workers

☆ The university hosting an academic conference on Taylor Swift hopes that 'TayTay' will make an appearance
▼ + stars: | 2023-09-22 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

The University of Melbourne is hosting an academic conference on Taylor Swift in 2024. They're seeking paper submissions on topics like "one single symbolic dollar" or Taylor Swift, #metoo, and the law. "And when you can't sleep at night (you hear my stolen lullabies)" — Taylor Swift, streaming platforms, and intellectual property (Taylor's version). "If I was a man, then I'd be The Man" — Taylor Swift, and gender and sexuality. AdvertisementAdvertisementSwift's Eras Tour is on track to break records to become the highest-grossing concert in the world, according to analytics firm QuestionPro.

Persons: Taylor Swift, Swift, Jennifer Beckett, they've, Beckett, — Taylor Swift, Shakespeare, Charlotte Brontë, Larry Adam, Raymond James, Taylor Swift's Organizations: University of Melbourne, Service, BBC, —, USA, Federal Reserve Locations: Australia, Wall, Silicon, Belgium

☆ Taylor Swift's economic boost is ending - and other reasons why investors should still expect a US recession
▼ + stars: | 2023-08-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

A US recession is still on the table despite moderating inflation and a steady jobless rate, according to Raymond James. The firm said consumer strength and employment trends are set to weaken after a few strong years. Consumer strength is likely to weaken. "And the short-term economic boost from Taylor Swift's 'Eras Tour' is ending as it moves overseas. And this has already started to translate into weaker demand for loans, as the net percentage of banks reporting stronger demand for loans has fallen to its lowest level since 2009."

Persons: Raymond James, Larry Adam, Adam, we're, Taylor Swift's, capex Organizations: Service, Consumers, Goods Locations: Wall, Silicon

☆ US regional banks rise in attempt to shake off crisis of confidence
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

... Read moreMay 15 (Reuters) - Shares of U.S. regional lenders gained on Monday led by a rebound in PacWest Bancorp (PACW.O), as investors tried to look past the crisis of confidence brought on by the collapse of three banks in a span of two months. PacWest rose 8.4%, while Western Alliance Bancorp (WAL.N), Fifth Third Bancorp (FITB.O), Comerica Inc (CMA.N) and KeyCorp (KEY.N) were up between 2% and 6%. The KBW Regional Banking Index (.KRX), which had lost 13.7% so far this month, rose 2%. Then in May First Republic collapsed, creating a vicious cycle that put pressure on regulators to intervene. However, investors have remained wary of any reassurances from analysts and regulators on the stability of the regional banks despite deposits rising.

☆ PacWest leads losses in regional bank stocks
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +2 min

May 9 (Reuters) - Shares of PacWest Bancorp (PACW.O) looked set to lead declines in U.S. regional lenders at market open on Tuesday as investors feared the ongoing banking crisis could deepen. The KBW Regional Banking Index (.KRX) hit a 30-month low last week after the collapse of First Republic Bank and PacWest's decision to explore strategic options. PacWest and Western Alliance, which have been at the heart of the sell-off in regional banks, saw the steepest decline in deposits in the first quarter after First Republic, according to S&P Global Market Intelligence data. Western Alliance (WAL.N) dropped 1.5%, while First Horizon Corp (FHN.N) and Zion Bancorp (ZION.O) dipped 0.1% and 0.3%, respectively, with Arfstrom noting that the pullback in banks shares overall have made their valuations attractive. Wall Street executives and bank analysts last week called on regulators to quickly provide more protection for bank deposits and consider other backstops, arguing only an intervention could stop the crisis.

Amazon.com Inc (AMZN.O), Salesforce Inc (CRM.N) and ServiceNow Inc (NOW.N), which have large cloud businesses, fell about 1% each. The S&P 500 technology index (.SPLRCT) shed 1.3%. Other major growth stocks, including Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Tesla Inc (TSLA.O), also dropped between 0.4% and 3%. News Corp (NWSA.O) jumped 6.1%, leading gains on the S&P 500, after Rupert Murdoch withdrew a proposal to reunite News Corp and Fox Corp. The S&P index recorded two new 52-week highs and one new low, while the Nasdaq recorded 45 new highs and 25 new lows.

They have found that in Puerto Rico, people have a higher propensity for Alzheimer's and part of the reason could be a genetic variant they have uncovered. While, in the U.S., 10.7% of the population age 65 and older has Alzheimer's, in Puerto Rico the number is 12.5%. In the U.S., it's the fifth-leading cause of death in those over 65 but in Puerto Rico, it ranks fourth in the same age group. It was more than three decades ago when Alzheimer’s genetic research pioneer Margaret Pericak-Vance was at Duke University that she began trying to involve more diverse populations in research. A variant only found among Hispanic CaribbeansDr. Katrina Celis, Director of Research Support Larry Adams, and Dr. Parker Bussies prepare to see Alzheimer’s patients and their families in Puerto Rico for Puerto Rico Alzheimers Disease Initiative, known as PRADI.

☆ 'Don't end up in a lopsided portfolio.' Here's what advisors say to do if you’re worried about tech exposure
▼ + stars: | 2022-10-31 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Investors who are worried about the tech sector can take comfort in the fact the current shift is not the same as the bust of 2000, according to Raymond James chief investment officer Larry Adam. watch nowThe biggest names in the pure tech sector — Apple , Microsoft and Visa — make up more than 45% of earnings in that space, according to Adam. Alphabet and Meta , which are technically in communication services, represent 53% of the earnings in that sector. "It's always about making sure you don't end up in a lopsided portfolio," Viktorin said. For example, someone who works in tech is already taking on substantial risk outside of their portfolio because their income is dependent on the sector, Viktorin said.

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