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☆ China may be shaking out of its slump, and its economy could grow 5% this year after a surprising first-quarter performance, BofA says
▼ + stars: | 2024-04-19 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

China's breakout from its economic slump may also mean less government support ahead, BofA said. BofA doesn't expect a "a full-blown growth rebound" as real estate woes and weak demand are still a problem. AdvertisementBank of America boosted its forecast for China's economic growth in 2024 on the heels of a surprisingly strong first-quarter performance from the world's second-largest economy. AdvertisementWith a robust first quarter dataset in hand, policymakers may be less inclined to intensify easing measures, dashing hopes for imminent policy support, according to the bank. The analysts wrote that they anticipate a gradual growth deceleration through the rest of 2024 as policy support wanes.

Persons: BofA, —, Helen Qiao, wasn't Organizations: of America, Service, Bank of America, FAI Locations: China

☆ Ukraine Aid Bill Clears Critical Hurdle in the House as Democrats Supply the Votes
▼ + stars: | 2024-04-19 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

The House took a critical step on Friday toward approving a long-stalled package of aid to Ukraine, Israel and other American allies, as Democrats supplied the crucial votes to push the legislation past Republican opposition so that it could be considered on the floor. The 316-94 vote cleared the way for the House to bring up the aid package, teeing up separate votes on Saturday on each of its parts. But passage of those measures, each of which enjoys bipartisan support from different coalitions, was not in doubt, making Friday’s action the key indicator that the legislation will have the backing needed to prevail. The rule for considering the bill — historically a straight party-line vote — passed with more Democratic than Republican support, but it also won a majority of G.O.P. votes, making it clear that despite a pocket of deep resistance from the far right, there is broad bipartisan backing for the $95.3 billion package.

Persons: —, Biden Organizations: Democratic, Republican Locations: Ukraine, Israel

☆ Here’s How Johnson’s Jigsaw Puzzle of a Foreign Aid Plan Would Work
▼ + stars: | 2024-04-18 | by ( Robert Jimison | ) www.nytimes.com time to read: +1 min

The House is set to vote this weekend on a foreign aid package for Ukraine, Israel and Taiwan that has been stalled for months. The strategy is designed to capitalize on the distinct bases of political support for the various pieces of the foreign aid package, worth $95.3 billion, without allowing opposition to any one element defeat the whole thing. Mr. Johnson regards it as a necessity given his vanishingly slim majority and the large number of Republicans who staunchly oppose sending aid to Ukraine. He will need to rely on support from Democrats not only to win passage of the funding for Kyiv, but also to prevail on a procedural vote needed to bring the package to the floor. On Thursday, Mr. Johnson was working to get that procedural measure through the House Rules Committee, where three Republicans have said they will block it, meaning that Democratic support would be needed just to get it out of committee.

Persons: Mike Johnson, Johnson Organizations: Republican, Kyiv, Democratic Locations: Ukraine, Israel, Taiwan, Louisiana

☆ Stocks making the biggest moves midday: Duolingo, JetBlue, Tesla, D.R. Horton and more
▼ + stars: | 2024-04-18 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

JetBlue Airways — Shares jumped 4.1% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Barnes Group — The global industrial tech and aerospace stock jumped 9.3% after DA Davidson upgraded the company to buy from neutral, saying shares are attractive. Blackstone — The asset manager slipped 2.3% after lowering its dividend to 83 cents per share from 94 cents per share. Horton exceeded expectations in its fiscal second quarter, posting earnings of $3.52 per share on revenue of $9.11 billion. Elevance Health — Shares jumped 3.2% after the health insurance company posted an earnings beat and raised its full-year guidance.

Persons: Estee Lauder, Tesla, Emmanuel Rosner, Rosner, Davidson, Blackstone, Horton —, Horton, LSEG, Morgan Stanley, Donald Trump's, —, Samantha Subin, Brian Evans, Hakyung Kim, Lisa Kailai Han Organizations: JPMorgan, Taiwan Semiconductor Manufacturing, JetBlue Airways —, Iris Energy, Deutsche Bank, Google, Meta, Reuters, Group, Alaska Air Group, Revenue, BJ's Wholesale, eBay, — Rosenblatt Securities, Trump Media & Technology, Truth Social Locations: Taiwan, Alaska

☆ MTG nodded to her infamous 'Jewish space laser' theory in an amendment meant to mess up sending aid to Israel
▼ + stars: | 2024-04-18 | by ( Kieran Corcoran | Bryan Metzger | ) www.businessinsider.com time to read: +4 min

The Georgia Republican filed an amendment to a $26.38 billion Israel aid bill that would divert some of that funding toward "the development of space laser technology on the southwest border" of the United States. Related storiesIn the case of the "Jewish space lasers," she connected the wildfire to the Rothschild family of Jewish financiers, a favorite target of antisemitic conspiracy theories. The "Jewish space laser" theory has become a staple piece of mockery for those attacking Greene, and is often brought up by reporters. Greene has voted against Israel aid in the past, and she's long been one of the most outspoken opponents of Ukraine aid. She also introduced seven amendments to the Ukraine aid bill, including provisions that would divert money to US disaster zones or force any members of Congress who support the bill to enlist in the Ukrainian military.

Persons: —, Marjorie Taylor Greene, I've, Greene, I’ve, oDeDqTXvQQ —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Service, Georgia Republican, Facebook, Business Locations: Israel, United States, America

☆ Mike Johnson and progressives are strange bedfellows on Israel and Ukraine aid
▼ + stars: | 2024-04-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

House Speaker Mike Johnson is splitting Ukraine and Israel aid into separate votes. AdvertisementHouse Speaker Mike Johnson's unconventional plan to hold separate votes on Israel and Ukraine aid is designed primarily to appease House Republicans who don't want to vote for more aid to Ukraine. But it's also garnering applause from an unusual place: progressive Democrats who don't want to vote for more Israel aid. "I think it is a great plan," said Rep. Ilhan Omar of Minnesota, who supports Ukraine aid but won't vote for unconditional Israel aid. Related storiesThat's led some progressives to refuse to get on board with the Senate-passed bill, even if they support Ukraine aid.

Persons: Mike Johnson, —, Mike Johnson's, it's, Ilhan Omar, Minnesota, Omar, Biden, Israel, Alexandria Ocasio, Cortez, Ro Khanna, Johnson, Khanna, Marjorie Taylor Greene, Abigail Spanberger Organizations: Service, Israel, GOP, Democratic Senate, Democrats, Republicans, Democratic, Senate, Republican, California, House Republicans Locations: Ukraine, Israel, Gaza, Alexandria, Taiwan, Virginia

CNBC Pro screened for stocks that are already trending downward to determine which stocks might fall further. According to analysts' consensus price targets, these stocks have an estimated downside of 5% or more, and all have a market capitalization of at least $2 billion. Here are the stocks that are already in a correction and still disliked on Wall Street. Shares have slumped 21.5% since May 2023 and — based on analysts' consensus price target — are estimated to decline another 29.1%. Other stocks already in a correction and vulnerable to additional declines include Palantir Technologies , Dillard's , MGE Energy , GameStop and Advance Auto Parts .

Persons: CNBC's David Faber Organizations: Dow Jones, Nasdaq, CNBC Pro, Bank of, FactSet, Fed, Silicon Valley Bank, Regional Banking ETF, CBS, Paramount Global, Skydance Media, Paramount, Palantir Technologies, MGE Energy, GameStop, Advance Locations: Bank of Hawaii, Silicon, Bank

☆ House Republicans have a wacky new plan to finally pass Ukraine aid
▼ + stars: | 2024-04-17 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

AdvertisementFor months, the House has been sitting on a bill that would provide aid to Ukraine, Israel, Taiwan, and humanitarian funding for Gaza. But many, if not most, House Republicans are opposed to further Ukraine aid, and House Speaker Mike Johnson now has to deal with Rep. Marjorie Taylor Greene's threat to call a vote on his ouster if he allows more Ukraine aid to pass. AdvertisementMany Republicans oppose Ukraine aid, while Democrats are increasingly skeptical of Israel aidJohnson's plan is aimed at addressing two separate pockets of opposition to the foreign aid package. After October 7, the Biden administration and Senate leaders insisted on tying Israel and Ukraine aid together, with the idea being that including Israel aid would incentivize Republicans to swallow more Ukraine aid. Johnson's plan is designed to allow progressive Democrats to vote against Israel aid, while hard-right Republicans can vote against the Ukraine aid — all while allowing the whole package to move forward.

Persons: Johnson, —, Mike Johnson, Marjorie Taylor, Israel •, they're, I'm, Democratic Sen, Chris Murphy, Biden, they've, Israel, Nancy Pelosi, George W, Greene, Thomas Massie of Kentucky, Boehner, — Thomas Massie, Massie, Republicans —, Kevin McCarthy's, Abigail Spanberger Organizations: Service, Republicans, Senate, • Fund, Democratic, Georgia, @RepMTG Locations: Israel, Ukraine, Taiwan, Gaza, Connecticut, Iraq, Russia, Virginia

☆ European markets set to extend declines as Middle East tensions weigh on sentiment
▼ + stars: | 2024-04-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lower open Tuesday as investors are closely following developments in the Middle East. Geopolitical tensions are high following Iran's extensive drone and missile attack on Israel Saturday night. Allies have called for cool heads, warning that a much bigger war in the Middle East could be easily triggered. Asia-Pacific markets sold off as the world awaits Israel's response to Iran's air assault over the weekend. Most major markets in Asia lost about 2%.

Organizations: Reuters, U.S Locations: Israel, Asia, Pacific

☆ What everyday taxpayers can learn from the Biden, Harris 2023 tax returns
▼ + stars: | 2024-04-16 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

President Joe Biden and Vice President Kamala Harris deliver remarks about healthcare in Raleigh, North Carolina on March 26, 2024. While both couples made extra tax payments, they each incurred a small estimated tax penalty, based on underpayments from each quarterly deadline and interest. Tax planning for self-employment incomeOver the years, the Bidens have reduced self-employment taxes by receiving some wages through their companies, which are structured as S corporations. After paying "reasonable compensation" to shareholders, S corporation owners can take distributions without paying 15.3% for Social Security and Medicare taxes. Work with a tax professionalTypically, filers get a tax refund when they overpay levies throughout the year.

Persons: Joe Biden, Kamala Harris, Peter Zay, David, Harris, Catherine Valega, filers Organizations: Anadolu, Getty, Eisner Advisory, Social Security, Boston, Bee Advisory Locations: Raleigh , North Carolina, New York

☆ Morgan Stanley delivers a much-needed rebound quarter and eases concerns about a key overhang
▼ + stars: | 2024-04-16 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Morgan Stanley delivered mostly better-than-expected first-quarter results Tuesday morning — a much-needed report for the bank, whose stock has lagged industry peers and tested our patience. Morgan Stanley Why we own it : We own Morgan Stanley for the rebound taking place in IPO and M & A activity along with growth in wealth management, which provides more durable fee-based revenues. MS YTD mountain Morgan Stanley YTD Shares of Morgan Stanley were up more than 2% after Tuesday's earnings release and conference call, building on Monday's modest gains, which broke a three-session losing streak. Capital returns Morgan Stanley repurchased 12 million shares in the first quarter, at an average purchase price of $86.79 per share. Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York.

Persons: Morgan Stanley, Goldman Sachs, Morgan Stanley's, Ted Pick, we've, Sharon Yeshaya, Morgan Stanley's CET1, Morgan Stanley YTD, Pick, We've, Yeshaya, Morgan, it's, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: LSEG, Wealth Management, Investment Management, Institutional Securities, Equity, Morgan Stanley's Wealth Management, Street, Management, Federal Deposit Insurance Corp, Capital, CNBC, Times, Bloomberg, Getty Locations: New York

☆ China's economy grew 5.3% in the first quarter, beating expectations
▼ + stars: | 2024-04-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

China's economy in the first quarter grew faster than expected, official data released Tuesday by China's National Bureau of Statistics showed. On a quarter-on-quarter basis, China's GDP grew 1.6% in the first quarter, compared to a Reuters poll expectations of 1.4% and a revised fourth quarter expansion of 1.2%. Beijing has set a 2024 growth target of around 5%. Last week, Morgan Stanley raised its 2024 real GDP forecast for China to 4.8%, from its previous expectation of 4.2%. The world's second largest economy saw weak export and inflation data earlier this month, with both sets of data coming in below expectations.

Persons: Morgan Stanley Organizations: China's National Bureau, Statistics, Gross, Reuters Locations: Qingzhou, Weifang City, Shandong Province, China, Beijing

“I am not resigning,” Johnson told reporters. Massie told Republican colleagues behind closed doors Tuesday morning that he will cosponsor the motion to vacate Johnson from his position. And then I said, ‘Well, you’re the one who’s going to put us into this,’ because the motion is going to get called up. In making his announcement Monday, the Louisiana Republican predicted the House will vote Friday evening on the separate bills. The Senate passed its bill in February – a $95.3 billion foreign aid bill with assistance for Ukraine, Israel and other priorities.

Persons: Mike Johnson, Johnson, Thomas Massie, “, ” Johnson, Massie, Marjorie Taylor Greene, Trent Kelly, Mississippi, it’s, ” Massie, Kevin McCarthy, –, Republicans “, Republican – Greene –, ”, CNN’s Morgan Rimmer Organizations: Republican, Republican Rep, Louisiana Republican, CNN, Democratic, GOP, Republicans, Democrats, Senate, Internal Revenue Service Locations: Ukraine, Israel, Louisiana, Taiwan, Georgia

The Federal Reserve is likely to wait longer than initially expected to cut interest rates given stubborn inflation readings in recent months, the central bank’s top two officials said Tuesday. Policymakers came into 2024 looking for evidence that inflation was continuing to cool rapidly, as it did late last year. Instead, progress on inflation has stalled or even reversed by some measures. But he stopped short of saying he expected rates will need to stay at their current levels, 5.3 percent, deep into this year. Last month, Fed officials indicated that they expect to cut rates three times by the end of 2024.

Persons: ” Jerome H, Powell, Philip N, Jefferson Organizations: Federal Locations: Washington

☆ Johnson & Johnson tops quarterly profit estimates as medical device sales jump
▼ + stars: | 2024-04-16 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Johnson & Johnson on Tuesday reported first-quarter adjusted earnings that topped Wall Street's expectations as sales in its medical devices business surged. The company reported $21.38 billion in total sales for the first three months of 2024, up more than 2% from the same quarter in 2023. The company now expects sales of $88 billion to $88.4 billion. Separately on Tuesday, J&J said it will increase its quarterly dividend to $1.24 per share, up 4.2% from $1.19 per share.

Persons: Johnson, J Organizations: Johnson, J's, Humana, UnitedHealth, Elevance, LSEG, & $ Locations: Irvine , California

☆ China's GDP rose 5.3% in the first quarter, but it doesn't mean the economic pain is over
▼ + stars: | 2024-04-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China's economy grew 5.3% in the first quarter of 2024, surpassing analyst expectations. China's property market struggles persist, with 1Q new home sales falling nearly 31% from a year ago. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: —, Sheng Laiyun Organizations: Service, National Bureau, Statistics —, Bloomberg, NBS, Business Locations: China, Beijing

☆ US economy: IMF raises growth forecast and urges caution on rate cuts
▼ + stars: | 2024-04-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

The IMF upgraded Tuesday its forecast for US economic growth to 2.7% this year — 0.6 percentage points higher than it predicted as recently as January. The Washington-based IMF expects the 20 countries that use the euro to grow just 0.8% this year, a downgrade of 0.1 percentage points from its January forecast. The global economy, meanwhile, is seen expanding by 3.2%, 0.1 percentage points more than predicted in January. China’s economy, the second-largest in the world, is forecast to grow 4.6%, while India is expected to notch growth of 6.8%. In contrast to the United States, “there is little evidence of overheating” in the euro area, according to Gourinchas.

Persons: Pierre, Olivier Gourinchas, ”, Gourinchas, it’s, …, ” Gourinchas, “ Organizations: London CNN, International Monetary Fund, IMF, Federal Reserve, UBS, European Central Bank, Reuters Locations: United States, Washington, China’s, India, Europe, China

☆ China is still struggling to fix its demand problem — and that's bad news for the likes of Apple and Tesla
▼ + stars: | 2024-04-16 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

China's economy expanded by a better-than-expected 5.3% in the first three months of 2024. But analysts are flagging sluggish home and retail sales as a sign of weak demand. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Tesla, Service, Beijing, National Bureau of Statistics, Bloomberg, Business

☆ A popular YouTuber's negative video of Humane's AI Pin raises questions about critical reviews in the age of innovation
▼ + stars: | 2024-04-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at a critical tech review that caused a bit of a stir on social media . AdvertisementIn a 25-minute video , Brownlee details all the issues he encountered using the AI device. Earlier this year, a negative video of Fisker's Ocean SUV by Brownlee also made waves on social media . Mario Tama/Getty Images; Chelsea Jia Feng/BICritical reviews in the age of innovation raise some interesting questions. Last week's drop among tech stocks shouldn't scare away investors , according to Wedbush.

Persons: —, Michael Pollan, Roy Rochlin, Marques Brownlee, Brownlee, X, Mario Tama, Chelsea Jia Feng, It's, Insider's Peter Kafka, Peter, Katie Notopolous, Goldman, David Solomon, Kevin Winter, Eric Newcomer, Rebecca Zisser, Caitlin Clark, Morgan Stanley, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, YouTube, Apple, Apple Vision, Humane, America, JPMorgan, National Bureau, Statistics, Amazon Prime, Street Journal, Justice Department, Ticketmaster, United Airlines, Bank of America, The Locations: San Francisco, New York, Tokyo, London, Dublin

☆ China’s Q1 GDP grows 5.3% partly thanks to strong manufacturing
▼ + stars: | 2024-04-15 | by ( Laura He | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory activity. Gross domestic product grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. Last month, an official survey showed China’s manufacturing purchasing manager’s index (PMI) expanded for the first time in six months. The Caixin/S&P manufacturing PMI also hit its strongest reading in more than a year, as overseas demand picked up. The authorities have cut interest rates this year to boost bank lending and speed up central government spending to support infrastructure investment.

Organizations: Hong Kong CNN, Gross, National Bureau, Statistics, PMI Locations: Hong Kong, China

Johnson predicted the House will vote Friday evening on the separate bills. “My personal preference is to do it individually, but we’ll let the body decide.”Among the ways GOP leaders plan to address Ukraine aid: a bill to seize Russian assets, a lend-lease program for Ukraine military aid and convertible loans for humanitarian relief. Former President Donald Trump, who recently met with House Speaker Mike Johnson at Mar-a-Lago, has expressed openness to structuring Ukraine aid as a loan. The Senate passed its bill in February – a $95.3 billion foreign aid bill with assistance for Ukraine, Israel and other priorities. A significant number of House Republicans are opposed to sending further aid to Ukraine.

Persons: Mike Johnson, Johnson, ” Johnson, Marjorie Taylor Greene, ” Greene, “, haven’t, that’s, we’ll, Donald Trump, Kevin Hern, Hakeem Jeffries, ” Jeffries, Greene, ”, “ He’s, he’ll, Marjorie, President Trump, CNN’s Morgan Rimmer, Kristin Wilson Organizations: CNN, Louisiana Republican, GOP, Republican, Senate, Republicans, Democratic, Internal Revenue Service, Fox News, White House Locations: Israel, Ukraine, Mar, Oklahoma, Louisiana, East, Eastern Europe

☆ Salesforce drops after reports it is in talks to acquire Informatica
▼ + stars: | 2024-04-15 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

People pass by the Salesforce Tower and Salesforce.com offices in New York City on March 7, 2019. Salesforce stock fell 5% Monday after reports over the weekend that the cloud software company is in advanced talks to buy data-management firm Informatica. The price being weighed is below Informatica's closing stock price on Friday of $38.48, according to The Wall Street Journal, which first reported the talks on Friday. It would also be its largest deal since purchasing workplace chat developer Slack for nearly $28 billion in 2021, Salesforce's largest acquisition to date. Before paying for Slack, Salesforce bought data visualization company Tableau for $15.3 billion in 2019, and MuleSoft for $6.5 billion in 2018.

Persons: Slack, Salesforce Organizations: Informatica, Wall Street, Reuters Locations: New York City, Redwood City , California

☆ Options prices are rising as the market is on edge. How to use this to your advantage
▼ + stars: | 2024-04-15 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Options premiums are rising and we'll discuss how to take advantage of that by generating income through a covered call options strategy. First the consumer price index inflation data came in hotter than expected on Wednesday. The expectation had been that the pace of inflation – once those year-over-year price increases were in place — would slow in March. Since then, the "average" level of the VIX Index is 19.53. Holders could therefore look to options to potentially provide some yield if they are expecting less capital appreciation.

Persons: Warren Buffett, 28th's, Buffett Locations: Europe, Iran, Israel, Lebanon, United States, Domino's

☆ Congressional leaders at odds over Israel aid next steps as conservatives warn Johnson against including Ukraine funding
▼ + stars: | 2024-04-14 | by ( Michelle Shen | Melanie Zanona | ) edition.cnn.com time to read: +5 min

Johnson has vowed to put some sort of Israel aid bill on the floor this week, but said the details are still being finalized. The House previously struggled to pass a standalone Israel aid bill, but Johnson could draw ire from the right if he ties it to Ukraine or puts the Senate bill on the floor. How Congress reached this pointWhile the Senate passed its foreign aid bill in February, Johnson said he never planned to bring the bill to the floor. The House, in turn, tried but failed to pass a standalone package for $17.6 billion in Israel aid amid opposition from both Republicans and Democratic leaders. At a closed caucus meeting prior to the vote, House Democratic leadership made a forceful case against supporting the standalone Israel aid package to members.

Persons: Mike Johnson, We’re, ” Johnson, Maria Bartiromo, Johnson, Warren Davidson, Mitch McConnell —, Donald Trump’s, Trump, Chuck Schumer, “, ”, imploring Johnson, Schumer, McConnell, Republican Sen, Marco Rubio sidestepped, ” Rubio, CNN’s Jake Tapper, ” Democratic Sen, Chris Coons, ” Coons, Tapper, CNN’s Haley Talbot, Lauren Fox, Manu Raju, Aileen Graef, Avery Lotz Organizations: CNN, Congressional, House Republicans, Republican Party, Israel, Fox News, GOP, Senate, Democrat, Republican, Union, ” Democratic, Republicans, Democratic, Freedom Caucus, House Democratic Locations: Israel, Ukraine, Iran, Taiwan, Mar, Lago, Washington, “ State

☆ What the new Goldilocks job market means for you
▼ + stars: | 2024-04-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Business Insider looked at how components of the labor market have settled down, like wage growth. And that more boring but steady labor market could be great news for workers and job seekers. The US could be in a Goldilocks job market. Job switchers are seeing higher wage growth than people staying, according to the 12-month moving average of median wage growth from the Atlanta Fed's Wage Growth Tracker. So what will happen to the Goldilocks job market?

Persons: Nick Bunker, Bunker, —, That's, Julia Pollak, ZipRecruiter's, " Pollak, Pollak, Job, Julie Su, switchers, Eugenio Alemán, Raymond James, Juliana Kaplan Organizations: Service, North America, BLS Locations: Atlanta

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