DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Bank of Atlanta"


25 mentions found


☆ Remote Jobs Going Back to the Office, Outsourcing to Cheaper Workers
  + stars: | 2023-04-13 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +4 min
Finding a remote job is getting more and more difficult. That's because competition for remote work in the US remains fierce, the number of job postings are on the decline, and some of the remote jobs that remain are being outsourced overseas. Companies are moving remote jobs overseasSome companies are embracing remote work, but not in the US. Instead, they're outsourcing jobs overseas and saving on labor costs. For Americans who are eager to snag that remote job, it's not all doom and gloom.
☆ Return to the office or see a pay cut: More and more companies are forcing remote workers to choose
  + stars: | 2023-04-13 | by ( Jacob Zinkula | Juliana Kaplan | ) www.businessinsider.com   time to read: +4 min
The law firm Davis Polk & Wardwell might cut employees' bonuses if they don't return to the office. "We're very focused on having our team in at the same time," Neil Barr, chair and managing partner at Davis Polk, told the Wall Street Journal. The era of widespread remote work might be coming to a close economy-wide, as firms tighten their belts and try to get their workers back in. As mass layoffs sweep some sectors that embraced remote work — like tech — companies that are letting workers go are increasingly asking for their remaining workforce to come back in. That's because even companies that have chosen to embrace remote work may be doing so in part because it allows them to pay workers less.
☆ More signs are pointing to an imminent slowdown in the US economy
  + stars: | 2023-04-06 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
The US economy is showing signs of a sudden slowdown after a year of tightening financial conditions. "Expectations of tightening lending standards contributed to the market's concern that an economic slowdown is unfolding in real time," LPL said. A potential economic slowdown is also starting to show up in retail sales growth, which fell 0.4% in February. Mester's comments "contributed to the market's increasing concern that an economic slowdown is unfolding in real time," LPL's chief global strategist Quincy Krosby told Insider. First-quarter earnings season kicks off next week with the bank stocks, while the March jobs report will be released this Friday, when the stock market is closed for Good Friday.
☆ CNBC Daily Open: A Fed official’s comments gave markets the confidence to rally
  + stars: | 2023-03-03 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
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, no matter where they are. Markets digested mixed messages on Thursday and eventually overcame fears of higher rates to stage a last-minute rally. Yet markets' fears were allayed mere hours later when Atlanta Federal Reserve President Raphael Bostic told the media he's in favor of lower — and slower — rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.
☆ CNBC Daily Open: Markets rallied as Fed official renewed investors' hope for 25 basis-point hike
  + stars: | 2023-03-03 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, at the a conference in Dallas, Texas, U.S., on Thursday, May 24, 2018. 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, no matter where they are. Yet markets' fears were allayed mere hours later when Atlanta Federal Reserve President Raphael Bostic told the media he's in favor of lower — and slower — rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.
☆ Analysis: With record diversity on their boards, Fed bank chiefs see lower chances of policy error
  + stars: | 2023-02-24 | by ( Ann Saphir | ) www.reuters.com   time to read: +8 min
Fed bank directors generally stay out of the limelight, but many U.S. central bankers view them as a critical resource. "I think the probabilities are far higher of achieving that gentle transition, that smoother transition," San Francisco Fed President Mary Daly told Reuters in an interview. This year, of the 108 spots on the 12 Fed bank boards, 44% are filled by women, and 41% by people of color, a review of the data shows. Still, a majority of the Fed's economists are white men, as are its top two monetary policymakers: Powell and New York Fed President John Williams. Hispanics and Latinos, Menendez notes, are a fast-growing segment of the population but are underrepresented at the Fed at all levels, including on Fed bank boards.
☆ Another Stock Market Crash Coming, Wall Street's Top Investors Warn
  + stars: | 2023-02-22 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +12 min
This elation has lulled Wall Street into a false sense of security, according to the investing world's elite who I've spoken with over the past few weeks. It's like all the good little boys and girls on Wall Street asked for a rally for Christmas and got it. He added that nonprofessional retail investors' strong return to the market indicated an unsustainable rally. Anytime Wall Street has forgotten that over the past year, it has gotten punished. And that means Wall Street will eventually have to open its eyes, take its fingers out of its ears, and watch this bear-market rally fall apart.
☆ The High Price Retirees Pay for Collecting Social Security Too Early
  + stars: | 2023-02-18 | by ( Lisa Ward | ) www.wsj.com   time to read: 1 min
Researchers found that almost 90% of workers age 45 to 62 would benefit by waiting until age 70 to collect Social Security. It’s no secret that retirees are often better off waiting to collect Social Security benefits. But exactly how much money are people leaving on the table by taking benefits early? A recent study, funded by the Federal Reserve Bank of Atlanta, finds that retirees often give up tens of thousands or even hundreds of thousands of dollars by taking Social Security benefits too early. That takes into account that if a retiree claims Social Security at age 70 instead of 62, the monthly benefit could be 76% higher, adjusted for inflation.
☆ This number shows that high inflation is sticking around
  + stars: | 2023-02-17 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +5 min
London CNN —The latest inflation figures from the United States, the United Kingdom and the European Union are feeding hopes that the worst is over and some relief for struggling households could arrive soon. Annual inflation in the United States slowed to 6.4% in January, easing for the seventh consecutive month. In the United Kingdom, which faces weaker economic prospects than its peers, the rate of price increases is also falling: In January, annual inflation dipped to 10.1% from a recent high of 11.1% this past fall. “The bottom line is inflation is still a problem,” said Torsten Slok, chief economist at Apollo Global Management. In the United States, the Federal Reserve Bank of Atlanta publishes a version of the Consumer Price Index that tracks “sticky” prices.
☆ Are you getting a pay raise this year?
  + stars: | 2023-02-16 | by ( Cindy Perman | ) www.cnbc.com   time to read: +9 min
"Job switching is one of the best ways to get a raise," Nick Bunker, economic research director at Indeed, told CNBC. In January, for example, those who stayed got an average raise of 5.4%, while those who switched scored an average salary increase of 7.3%. Your best shot at getting that raise is going in there prepared. "State facts so you can show your boss what you're worth," Vicki Salemi, a career expert at Monster.com, told CNBC. Here are a few tips for asking for a raise: Know the going rate for your line of work.
☆ Companies are using layoffs to cut new-hire salaries and win back the power they held before the pandemic, some recruiters say
  + stars: | 2023-02-12 | by ( Juliana Kaplan | Rebecca Knight | ) www.businessinsider.com   time to read: +8 min
Speculation on the 'real reason' tech companies are shedding workersSome on TikTok and Reddit have posited that the "real reason" tech companies are cutting jobs is to tamp down fat salaries bloated by the Great Resignation. Tech companies scrambled to meet demand and went on a hiring binge during the pandemic. At a time when wages were climbing at the fastest pace in decades across the board, tech companies were especially generous to new hires — and even existing employees. A year and a half ago, compensation was a "completely different ball game," a former recruiter at Google told Insider. Will tech companies then try to hire back their workers at lower salaries?
☆ Did the economy end 2022 with a bang or a whimper?
  + stars: | 2023-01-22 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +7 min
But the United States economy still seems to be chugging along just fine after experiencing a hiccup in the first half of 2022. Despite worries about weaker consumer spending during the holidays, economists are forecasting solid growth for the fourth quarter. Yearning for earningsMore blue chip companies will report fourth quarter results (and perhaps give guidance about the first quarter of 2023 and beyond) this week. But according to FactSet senior earnings analyst John Butters, earnings for the tech sector are expected to fall nearly 10% in the fourth quarter compared to the fourth quarter of 2021. Verizon (VZ), Johnson & Johnson (JNJ), Travelers (TRV), 3M (MMM), Boeing (BA), Dow (DOW), Visa (V), Chevron (CVX) and American Express (AXP).
☆ Despite layoffs at Alphabet, Microsoft and Amazon, new tech hires aren't worried
  + stars: | 2023-01-20 | by ( J.J. Mccorvey | J.J. Mccorvey Is A Business | Innovation Reporter For Nbc News. | ) www.nbcnews.com   time to read: +9 min
That was up from 10% in January 2022, but the pessimists were far outnumbered, with 71% of tech workers feeling positive. Many people spent Covid-19 lockdowns developing their digital skills, and plenty wound up switching from other sectors, like retail or education, into tech roles elsewhere. Professional and business services roles, which include engineering and “computer services,” were down 6,000 last month from November. Even so, employers’ broad appetite for tech skills could put something of a floor under wages — and prop up the appeal of tech roles in general — even as the economy slows. Experienced tech workers, rather than those new to the field, largely drove those pay gains, the jobs platform Hired found in research published in September.
☆ Wall Street 2023 Predictions Already Wrong: Recession, Inflation, China
  + stars: | 2023-01-18 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +12 min
Across Wall Street, finance workers of all stripes are returning to work after skiing, gallivanting around the Caribbean, or just visiting Mom for the holiday season. Of course, there's some uncertainty in all this, and Wall Street could still be proved right. Already some Wall Street economists are revising their predictions given the strong economy, even if they're not backing off their priors quite yet. It may take years to get the Chinese consumer, on which Wall Street has placed so many hopes, back to the strength of yesteryear. Don't hatchet your chickens before they countTo be fair, not every Wall Street analyst is looking sheepish right now.
☆ Morning bid: Rate cut talk, already!
  + stars: | 2023-01-05 | by ( ) www.reuters.com   time to read: +3 min
Indeed, minutes from the Fed's December meeting, released on Wednesday, cautioned against expectations for late-year rate cuts that traders have priced in. They price in roughly 40 basis points worth of rate cuts in the second half of the year and the key is whether inflation will slow enough for the Fed to ease. So perhaps it is too early to be talking about rate cuts? Still, U.S. stock futures point to a weak start for Wall Street shares , and European shares are a touch softer too. Gas prices are falling fastKey developments that may provide direction to U.S. markets later on Thursday:- U.S. Nov trade data.
☆ Workers still quitting at high rates — and getting a big bump in pay
  + stars: | 2023-01-04 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Filadendron | E+ | Getty ImagesThe share of workers who quit their jobs jumped in November for the first time since last spring — and they're getting a big pay bump for moving, data shows. The labor market remains strong by historical standards, characterized by a high level of job openings and low layoffs. That translates to ample opportunity for workers, who generally get an increase in pay when they accept a new position. In other words, the average consumer lost buying power because rapidly rising prices for goods and services outstripped pay growth. Wage growth has moderated a bit from 2021, though remains strong relative to its pre-pandemic trend, Bunker said.
☆ North Carolina breakfast chain bumps up wages by 15% to stop other restaurant managers poaching staff
  + stars: | 2023-01-03 | by ( Kate Duffy | ) www.businessinsider.com   time to read: +2 min
A North Carolina restaurant chain has hiked wages by 15% to retain its staff, per the WSJ. Famous Toastery's president said rivals had often tried to poach staff by offering $2 extra an hour. "We didn't want to be as easy to poach," Sebazco told the Journal. The wage increase of 15%, compared with the same period last year, applied across eight of Famous Toastery's restaurants, Sebazco added. One pizza chain franchisee told Insider he had asked his general managers to poach staff from rival restaurants as "everything is fair game."
☆ Stay for Pay? Companies Offer Big Raises to Retain Workers
  + stars: | 2023-01-02 | by ( Gabriel T. Rubin | Sarah Chaney Cambon | ) www.wsj.com   time to read: 1 min
Employers are giving existing employees more merit and other pay increases, to defend against poaching by rivals and avoid the drain of training new workers. Workers who stay put in their jobs are getting their heftiest pay raises in decades, a factor putting pressure on inflation. Wages for workers who stayed at their jobs were up 5.5% in November from a year earlier, averaged over 12 months, according to the Federal Reserve Bank of Atlanta. That was up from 3.7% annual growth in January 2022 and the highest increase in 25 years of record-keeping.
☆ Has your boss recently given you a nice raise so you'll stay? Are you an employer paying workers more not to quit? Tell us about it.
  + stars: | 2023-01-02 | by ( Tami Luhby | ) edition.cnn.com   time to read: 1 min
New York CNN —Workers who stick with the same employers are enjoying the biggest raises in nearly a quarter century. In November, the median wage growth over the past year for job stayers was 5.5%, according to the Federal Reserve Bank of Atlanta, which began keeping records in 1997. (Job switchers have had it even better, with a median wage growth of 7.7%.) CNN wants to hear from workers who recently received hefty pay hikes to entice them to stay at the same company and from employers who are doling out generous raises to retain their staffs.
☆ Black Americans saw crypto as a path to building wealth. Now they're bearing the brunt of its decline.
  + stars: | 2022-12-20 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +4 min
Many Black Americans have invested in cryptocurrency in recent years. Closing the wealth gap is among the reasons some Black investors turned to crypto in the first place. As of September 2021, 18% of Black Americans overall had invested in, traded, or used a cryptocurrency, compared to 13% of white Americans, according to a Pew Research poll of over 10,000 US adults. First, some Black investors may see crypto as a way to close the racial wealth gap. An April Ariel and Charles Schwab survey found 28% of Black Americans distrust banks, compared to 18% of white Americans.
☆ Long Covid is distorting the labor market — and that's bad for the U.S. economy
  + stars: | 2022-12-08 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +13 min
She eventually learned that the balance issues and ear pain resulted from a damaged vestibular nerve, a known effect of long Covid. She found that 2 million to 4 million full-time workers are out of the labor force due to long Covid. For one, many of the hundreds of potential long Covid symptoms are invisible to others, even if disabling for the afflicted. Why the long Covid labor gap mattersJerome Powell, chair of the Federal Reserve, mentioned Sheiner and Salwati's long Covid research in a recent speech about inflation and the labor market. That burden will continue to rise if long Covid patients don't start recovering at greater rates, she said.
☆ Dow falls more than 300 points as US stocks extend losses on interest rate fears
  + stars: | 2022-12-06 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
US stocks finished lower on Tuesday as investors cast doubt on the Fed easing rate hikes. A strong November jobs report and solid GDP data suggests a resilient economy may keep the Fed hiking rates for longer. The S&P 500 extended its two-day decline to more than 3% as its 200-day moving average remains a big resistance level. The Fed is largely expected to hike interest rates by 50 basis points at its FOMC meeting next week, a step down from its four straight 75-basis-point interest rate hikes. Last week's strong November jobs report and continued resilience in quarterly GDP data shows that the economy is holding up well despite the Fed's near-400 basis points of interest rate hikes made so far this year.
☆ Employees Are Using Job Offers to Win Big Raises From Their Employers
  + stars: | 2022-11-28 | by ( Aki Ito | ) www.businessinsider.com   time to read: +10 min
Employers, not surprisingly, hate that people are using job offers as bargaining chips. That strategy may work for employers in a normal job market, when it's hard to find another job, let alone a better-paying one. "Employees are finding that there's a big gap between where they are and what they can get." "The job market is still performing very well," says Jay Denton, the chief analytics officer at LaborIQ, a compensation-data provider. Independence, it turns out, pays way, way better than loyalty.
☆ Elizabeth Warren blasts the 'egregious and embarrassing ethics breaches' among top Fed officials who she says have engaged in 'improper' stock trading for over a year
  + stars: | 2022-11-08 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
Sen. Elizabeth Warren slammed "improper stock trading" among Fed officials. On Monday, Massachusetts Sen. Elizabeth Warren sent a letter to Federal Reserve Chair Jerome Powell regarding what she called "egregious and embarrassing ethics breaches by top officials at the Federal Reserve System," referring to reports of "improper" stock trading by officials behind closed doors. The scandals predate the October findings — in September 2021, for example, Dallas Fed President Robert Kaplan was found to have made multiple stock trades in 2020, along with Boston Fed President Eric Rosengren. He declined to comment on any pending investigations of Fed officials. Along with looking into potential ethics breaches within the Fed, Warren and other Democratic lawmakers have also raised concerns with the tactics the Fed is using to fight inflation.
☆ BiggerPockets’ housing-market guru says he sees home prices falling up to 10% over the next 12 months with housing affordability at four-decade-lows
  + stars: | 2022-10-26 | by ( William Edwards | ) www.businessinsider.com   time to read: +4 min
With housing affordability deteriorating, home prices are due to fall, says Dave Meyer. The BiggerPockets housing market expert said he expects a decline of up to 10% in prices. "Houses are just not affordable at these prices with these interest rates," Meyer said. Either mortgage rates would have to skyrocket, he said, or housing prices would have to continue on their torrid pace upward. Morgan Stanley strategists said in late September that they expect home price growth to end 2023 at -3% year-over-over.
<< prev 2 next >>
Total: 25