DIRS.INFO The most relevant business & tech news

☆ Ozempic-fueled slimming is blowing up the wedding dress industry
▼ + stars: | 2024-10-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —Price distortions and dysfunction are nothing new in the $73 billion wedding industry. For better or worse, many brides are using the drugs ahead of their big day, lured in by the promise of rapid weight loss. The right fitThe ideal time to buy a wedding dress is eight to 10 months before the event, according to wedding planning site the Knot, and some planners recommend buying a full year in advance in case of shipping delays. “Usually, the dress was ordered somewhere in the middle of those 50 pounds.”It’s hard to overstate how such drastic weight loss can complicate a wedding dress’ fit. “Weight loss has always been a top of priority.

Persons: CNN Business ’, Tami Luhby, Susan Ruddie, Dresser, Spring, That’s, they’re, ”, Myrna Lundberg, “, Lundberg, ” Lundberg, “ It’s, — it’s, you’re Organizations: CNN Business, New York CNN, FDA, Drug Administration, Bureau of Labor Statistics, CNN Locations: New York, China, Suez, United States

☆ Disney World employees felt pressured to stay and work despite forecasts of looming tornadoes and flash floods in the hours leading up to Hurricane Milton
▼ + stars: | 2024-10-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +9 min

Multiple Disney World employees told BI about their disappointment with how the company handled Milton. The Walt Disney World Resort was still open for business. AdvertisementIn a statement, a Walt Disney World spokesperson said the company prioritizes the well-being of those on park grounds. At Disney World, workers' minimum wage starts at $18 an hour. With 80,000 staffers, the Disney World Resort is one of the largest single-site employers in the United States.

Persons: Cash, —, Milton, Goldman Sachs, they'd, Reed Alexander Organizations: Disney, Milton, Service, Orlando, Sunshine State, Walt Disney, Workers, Hollywood Studios, Animal, Magic, Magic Kingdom, Disney World, BI, Wilderness Locations: Magic Kingdom, Epcot, Orange County, Central Florida, Florida, Saratoga, Orlando, United States

☆ A Black Workday employee sued the company after it sent police to his home for a 'wellness check'
▼ + stars: | 2024-10-11 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +9 min

A Black Workday employee sued the company, claiming race and disability discrimination. AdvertisementA Black Workday employee filed a race and disability discrimination lawsuit against his employer after it sent police to his house for a "wellness check" while he was being treated at a hospital and had requested medical leave. He also sent a completed leave request form and said he would file the required Family and Medical Leave Act paperwork soon. On October 20, 2022, while he was still at the hospital, Workday sent police to his house for a "wellness check." In May 2023, Hill went on approved disability and medical leave, although he said he was denied long-term disability leave.

Persons: Anthony Hill, —, Hill, Hill's, Cassie Lenning, Lenning, didn't, Anthony, George Floyd, Breonna Taylor Organizations: Service, Business, Department, Labor, Court, District of Columbia Locations: Northern, California's, California, Maryland, Montgomery County

☆ This simple habit separates highly successful people from all others, says former Google exec: Doing it has ‘never been easier’
▼ + stars: | 2024-10-11 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

In 2014, the 53-year-old founded her Minnesota-based communications firm, Digital and Savvy, to provide public relations services to large companies and CEOs, from Target to entrepreneur Gary Vaynerchuk. That was after she worked as a public relations executive for over 10 years in the Middle East, most notably as Google's head of communications for that region. One habit helped Abouelenein continue advancing her career even after starting over in another country, she tells CNBC Make It. Though she's a public relations veteran and successful CEO, she still took a "finance for non-finance executives" course last year. "In today's world, everything is changing rapidly," Chaudry told CNBC Make It recently, adding that "the way you work, how you work, where you work — all that is changing."

Persons: Maha Abouelenein, Gary Vaynerchuk, doesn't, Abouelenein, Aneesh Raman, she's, We're, Jay Chaudhry, Chaudry Organizations: Digital, CNBC, Research Locations: Minnesota

☆ The job market may be strong, but tell that to anyone looking for work or feeling stuck
▼ + stars: | 2024-10-11 | by ( Madison Hoff | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

September's robust job growth signaled what looks like a booming labor market. In general, the job market is booming. There's some tension hiding in the dataOn its face, the labor market is looking rosy. Job openings ticked up in August but have been broadly declining since 2022, adding to the tough labor market picture for job seekers. Related storiesEven though the labor market has cooled, it's largely done so without mass layoffs or a full-blown recession.

Persons: —, Cory Stahle, they're, Liz Wilke, Elizabeth Renter, Matt Colyar, Claudia Sahm, Julie Su, Wilke, It's Organizations: Service, Workers, Moody's, New Century Advisors, mhoff

☆ Google's CEO explains what the company looks for in entry-level job applicants
▼ + stars: | 2024-10-11 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

Job seekers often face a tougher tech job market; firms are demanding more entry-level roles. AdvertisementLanding a job in techOf course, it's little surprise that most candidates would take the job, given that it's a prestigious company. Tech veteran David Jolles previously told BI that he'd moved to the Atlanta area after about four decades in Silicon Valley. He previously told BI that, little surprise, people who want to nail a job interview should make sure they're prepared. Beyond that, he said, job candidates should have stories ready about topics like a successful project they completed or a career highlight.

Persons: Sundar Pichai, Pichai, —, David Rubenstein, It's, it's, Jason Henninger, Heller, David Jolles, he'd, Jolles, Nolan Church, they're Organizations: Google, Service, Business, Tech Locations: Area, Atlanta, Silicon Valley, It's

Around 400,000 claims worth $10 billion are being processed for eligible business owners who applied for tax refunds under the Covid-era Employee Retention Credit (ERC) program, the IRS said Thursday. He also highlighted recently announced tax relief for those in affected regions, including filing and payment extensions for individuals and businesses. For taxpayers with fully processed ERC claims whose mail routes have been disrupted, the U.S. The tax program allows businesses to claim up to $26,000 per employee on its payroll. “It’s past time to eliminate this fraud-ridden pandemic-era policy so we can concentrate on getting our fiscal house in order.”The tax program was originally projected to cost the government $55 billion.

Persons: Hurricane Helene, Hurricane Milton, Mike Martinez, ” Martinez, Maia Toll, Andrew Celwyn, Emily Nichols, —, Helene, Toll, Helene lobbed, they’re, ”, Sen, Thom Tillis, Tillis, “ Organizations: NBC News, ERC, IRS, U.S . Postal Service, Small Business Administration, Asheville, Intuit, SBA Locations: Hurricane, Asheville , North Carolina, Asheville, N.C, North Carolina, Philadelphia

☆ Shams Charania on joining ESPN after rival Adrian Woj's retirement
▼ + stars: | 2024-10-10 | by ( Alex Sherman | Alex Sherman Covers Media For Cnbc. | ) www.nbcnews.com time to read: +5 min

Just weeks after ESPN basketball reporter Adrian Wojnarowski shocked the sports world by announcing his retirement from journalism, ESPN scooped up Woj’s main rival and one-time protege, Charania. Charania begins his ESPN TV work today. “It’s definitely going to be a lot of TV,” Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. “It was a congratulatory message on just the appreciation that I have and his amazing career,” Charania said.

Persons: Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, Alex Sherman, “ It’s, ” Charania, ’, Pat McAfee, Wojnarowski, “, I’m, ” Wojnarowski, Jim Rome, “ Shams, I’ve, ”, he’s, that’s, He’ll Organizations: ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, CNBC Sport, CNBC, NBA, ”, Yahoo Sports, Wojnarowski, Yahoo, I’m

☆ CNBC Sport: Shams Charania on joining ESPN and life after Woj
▼ + stars: | 2024-10-10 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +21 min

Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said. They worked together at Yahoo Sports before becoming rivals, only for Charania to eventually take over for Wojnarowski at ESPN. Charania begins his ESPN TV work today. "It's definitely going to be a lot of TV," Charania said.

Persons: Alex Sherman, Shams, Adrian Wojnarowski, Charania, FanDuel, Jimmy Pitaro, It's, Pat McAfee, Wojnarowski, I'm, Jim Rome, I've, he's, that's, He'll, I'd, Adam Silver, Bob Kraft, Jessica Berman, CNBC's Jessica Golden, Craig Kilborn, Colin Neville, Jim Ratcliffe, Joe Tsai, Colin, Neville, dealmaking, We've, CNBC's Contessa Brewer, Jim Allen, Adam Greenblatt, isn't, Tiger Woods, Tigeraire, Woods, CNBC's Lillian Rizzo, Rudy, Rudy Ruettiger, Kevin Mayer, Tom Staggs, Read, Yahoo's Ross Dellenger, we've, Woody Johnson, Woody Johnson —, Johnson, Robert Saleh, Derek Jeter, Shams Charania, Raine Organizations: CNBC, ESPN, FanDuel TV, The, ESPN TV, Worldwide, Sports, NBA, Yahoo Sports, Wojnarowski, Yahoo, I'm, NFL, Miami Dolphins, Buffalo Bills, Los Angeles Chargers, Dolphins, New England Patriots, National Women's Soccer League, Chelsea Football Club, Manchester United, Brooklyn Nets, Premier Lacrosse League, Youth, NCAA, UFC, CNBC Sport, Rock, Seminole Gaming, U.S . Patent, Sun, QVC, Notre Dame, Disney, Candle Media, SEC, Big Ten, ACC, Jets, Apple, Hollywood, Diamond Sports Group, Bally Sports, Wildcats, College Football, Sinclair, Raine Group Locations: Raine, DraftKings, U.S, Las Vegas, Florida, Tigeraire, Northwestern

A credit score under these thresholds is also called a sub-prime credit score, which means that creditors might think twice when reviewing your application for a credit line. However, a combination of serious negative marks on your credit score may seriously hurt your credit score, putting you on the lower end of the score range. Minimal credit history: A minimal credit history means you haven't been using credit (like a credit card or loan) for much time. While one credit check on your credit report may dent your credit score by a few points, several of these in a short period of time will significantly hurt your credit score. While one credit check on your credit report may dent your credit score by a few points, several of these in a short period of time will significantly hurt your credit score.

Persons: VantageScore, aren't, you'll, Enoch Omololu, Erik Beguin, Kendall Meade, Jennifer, Read Organizations: New Canadians, Austin Capital Bank, Business, Yahoo, Finance, CBS, MSNBC, CNBC, Forbes, Black Enterprise, USA, The Johns Hopkins University Carey School of Business, Business Journalists Locations: annualcreditreport.com, America, TheGrio, New York City

☆ The 9 sectors shedding the most jobs — with AI automating over 12,000 in one of them
▼ + stars: | 2024-10-10 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Although layoffs remain low overall, job cuts are increasing in some areas of the economy. AdvertisementAll eyes have been on the job market as investors wait to see if the economy will reach a soft landing. AI was responsible for 5,616 job cuts in September and 12,742 in 2024 overall. These signs point to companies trying to boost profitability in a slowing economy through cost cutting initiatives such as automating jobs with AI or reducing labor costs. "We're at an inflection point now, where the labor market could stall or tighten.

Persons: —, Andrew Challenger Organizations: Companies, Challenger, Service, Labor, firm's, Technology

It was sold to Ramada in 1979 and, despite ownership changes, was operated as a budget-friendly resort until it closed. Now, as Las Vegas visitors demand more high-end experiences, the city is competing less directly with longtime gambling hubs such as Atlantic City, New Jersey, or Laughlin, Nevada, some 90 miles south of Sin City, Belarmino said. Prof. Nicholas Irwin, University of Nevada, Las VegasThe bargains may not be as close at hand as they once were. Alicia Muscs works at a travel agency in Las Vegas, where she moved from California this year. Unemployment in Las Vegas hit 6.7% in July, according to federal data, up from 5.7% the same month the year before and ahead of both the statewide rate (6.3% in July) and the national one (4.1% as of September).

Persons: Belarmino, Nicholas Irwin, ”, Belarmino’s, Alicia Muscs, Allie Leepson, Jesse McClary, Irwin Organizations: Tropicana, Ramada, University of Nevada, UNLV, Real Estate, Las Vegas, NBC Locations: Vegas, Atlantic City , New Jersey, Laughlin , Nevada, Sin City, Francisco and New York, Las, “, Clark County, New York, Las Vegas, California, Nevada, U.S

Less than a fifth of large companies in the United States include coverage for the popular but pricey weight loss drugs Wegovy and Zepbound in their health insurance plans, according to a survey published Wednesday in Health Affairs. “They’re trying to figure out what is the right balance between the advantages to employees, potential health benefits and the cost of these drugs. The survey found that about half of employers that cover the weight loss drugs have certain requirements associated with their coverage, which Rae said would limit access for some employees but save money. Among large firms that don’t currently cover GLP-1 drugs for weight loss, only about 3% said they’re “very likely” to do so in the next year. Despite the exorbitant cost, employers do have a positive view of the drugs.

Persons: Wegovy, ”, Matthew Rae, “ They’re, —, Rae, Susan Spratt, Christopher McGowan, Eli Lilly, ” McGowan, “, ” Rae, you’ve, that’s, don’t, they’re Organizations: Health Affairs, “ Employers, Population Health Management, Duke Health, Centers for Disease Control, Novo Nordisk, Research, North Carolina, ” Novo Nordisk Locations: United States, KFF, North Carolina, U.S, Novo

☆ Your employer may start covering weight-loss drugs soon
▼ + stars: | 2024-10-09 | by ( Tami Luhby | ) edition.cnn.com time to read: +7 min

A growing number of employers are considering covering the blockbuster weight-loss drugs, several surveys show. Roughly the same share say they are somewhat or very likely to begin covering these medications for weight loss within the next 12 months, according to KFF’s annual Employer Health Benefits Survey. But only 18% of firms in KFF’s survey, which includes those with 200 or more employees, cover GLP-1 drugs primarily for weight loss. Even employers that provide coverage for anti-obesity drugs often put up guardrails, such as requiring employees to receive prior authorization or to try other weight-loss methods first. Outpatient drug costs are expected to climb 11.4% next year, surpassing the 8% increase projected for medical plan costs, according to Segal’s most recent survey.

Persons: ”, Matthew Rae, Mercer, Beth Umland, Eileen Pabon, KFF, It’s, Eric Miller, Segal, Vicky Cathcart, ” Cathcart Organizations: CNN, Workers, Health, Survey, Business, DSV Air & Sea, Employees, Employers, Outpatient, Marroquin Industries Corp Locations: Mercer, New Jersey, Hawthorne , California

☆ Where are Gen Z's tech founders?
▼ + stars: | 2024-10-09 | by ( Amanda Hoover | ) www.businessinsider.com time to read: +10 min

So where are Gen Z's tech founders? Gen Z founders and would-be founders are stepping into a vastly different tech world from that of their predecessors — a world where launching a unicorn is far more difficult, and publicly scrutinized, than it was for the garage-band generation of Jobs and Gates. Gen Z is coming of age in an era when the same Big Tech companies are diffuse and dominant. In other words, millennial founders ran so that Gen Z founders could walk. Perhaps we won't see Gen Z founders standing before a crowd and unveiling their latest shiny products anytime soon.

Persons: Bill Gates, Steve Jobs, Jeff Bezos, Gen X, Sergey Brin, Elon Musk, Travis Kalanick, Peter Thiel, Millennials, I'm, Zuckerberg, Whitney Wolfe Herd, Brian Chesky, Elizabeth Holmes, Sam Bankman, Gen, aren't, Zers, Jerry Neumann, millennials, Uber, Z, There's, Neumann, Kimberly Eddleston, they've, Adam Neumann, Holmes, Alexandra Debow, that's, Alexandr Wang, Wang, They've, Ibrahim Rashid, Rashid didn't, COVID, Rashid, Martin Shkreli, Forbes, Alexis Barreyat, Barreyat, Julian Kage, Kage, they'd, Debow, It's, Eddleston, Emma Chamberlain's Organizations: Boomers, Columbia University, Big Tech, Northeastern University, Facebook, New York University, MIT, Wired, Forbes, University of Chicago, Deloitte, Harvard, Harvard Business Locations: swaggering, Silicon Valley

☆ The money you forfeit when you cash out of your 401(k) can be staggering
▼ + stars: | 2024-10-09 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

CNN —When you quit your job, one of the biggest decisions you’ll have to make is what to do about the money in your retirement account if you’ve been saving in your company’s 401(k). Roll it over to another tax-deferred retirement account such as an IRA or the 401(k) at your new job. While a majority of 401(k) participants who switch jobs choose the first or second option, a large minority cash out, according to recent studies. Here’s why: The features of a 401(k) plan may differ from employer to employer. While many now auto enroll employees in the plan, the default savings rate coming out of your paycheck may differ.

Persons: you’ve, Robert Persichitte, Tom O’Saben, she’ll, “, ”, Paul Brahim, — Organizations: CNN, Vanguard Investments, Yale School of Management, National Association of Tax, Financial, Association, Vanguard, ” Vanguard Locations: New York City, Los Angeles, Colorado

Pittsburgh CNN —In the years that Pennsylvania Senate candidate Dave McCormick led one of the world’s largest hedge funds, the firm bet millions of dollars against some of the state’s biggest and most iconic companies, financial filings show. For financial institutions, short positions can be lucrative. The fund shorted about four dozen companies from Pennsylvania during McCormick’s tenure, the records show. The fund did invest in stocks of some of the same Pennsylvania companies it shorted in other years, and overall, it reported spending more money buying stocks of Pennsylvania companies than shorting them in four of the five annual reports reviewed by CNN. She argued that the short positions Bridgewater took in Pennsylvania companies didn’t negatively impact employees because they represented a small fraction of each company’s overall value.

Persons: Dave McCormick, McCormick, “, ”, Kevin Boltz, Democratic Sen, Bob Casey –, Casey, Luke Sharrett, Elizabeth Gregory, Dave, ” Gregory, Bridgewater, ” McCormick wasn’t, Andrew Jennings, Dan Mallinson, “ They’re, ” Mallinson, “ That’s, ” Eric Talley, Talley, I’m, Justin Merriman, McCormick’s, Biden, Bernie Hall, ” Hall, Gregory, Michael M, Eric Hovde of, Tim Sheehy, Bernie Moreno, dogging McCormick, Mallinson Organizations: Pittsburgh CNN —, Bridgewater Associates, The Hershey Company, US Steel, CNN, US Department of Labor, Republican, Hershey, Democratic, Bridgewater, Bloomberg, Getty, McCormick’s, Bridgewater Equity Fund, Labor, Securities and Exchange Commission, Comcast, Penn National Gaming, Emory University School of Law, Penn State, Columbia University, Steel, Japan's, Nippon Steel, Keystone, Nippon, Pennsylvania, United Steelworkers, Senate, Penn Locations: Pennsylvania, Bridgewater, Harrisburg, Pittsburgh, China, Eric Hovde of Wisconsin, Montana, Ohio

☆ Haiti condemns Dominican Republic’s plan to deport 10,000 migrants weekly
▼ + stars: | 2024-10-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

“We strongly condemn these dehumanizing acts and demand respect and justice.”The Dominican Republic, which shares the Caribbean island of Hispaniola with Haiti, last week said it would deport up to 10,000 migrants per week who were in the country illegally, a sharp increase. So far this month, the Dominican Republic has deported more than 9,000 people, more than 7,000 of those since Thursday, the nation’s migration agency said in a statement on Monday. More than 4,900 of the total were Haitians, a Dominican official who declined to be named told Reuters. If the Dominican Republic follows through on its plan, the number deported in a year would rise sharply from more than 200,000 Haitians forcibly returned last year. In the United States, presidential candidate Donald Trump has also pledged mass deportations and has made false claims about Haitian migrants in the town of Springfield, Ohio.

Persons: SANTO, —, Dominique Dupuy, ”, Dupuy, William Charpentier, “, Donald Trump Organizations: PORT, Haitian, Dominican, Reuters, United Nations, Dominican Republic’s National Bureau for Migration, Refugees, CNN Locations: SANTO DOMINGO, Dominican Republic, Haiti, Hispaniola, Dominican, Punta Cana, United States, Springfield , Ohio

☆ Women's health startup Maven Clinic closes funding at $1.7 billion valuation
▼ + stars: | 2024-10-08 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Kate Ryder, CEO of Maven, speaking at the CNBC Changemakers Summit in New York on April 18th, 2024. Maven Clinic, a health-care startup for women and families, announced Tuesday that it has closed a $125 million funding round at a $1.7 billion valuation. Maven CEO Kate Ryder told CNBC she founded the company in 2014 after watching her friends struggle to find the support they needed while building their families. "Digital health is just at the very beginning," Ryder told CNBC. The company was the first U.S. startup dedicated to women's and family health to ever reach "unicorn" status, or a valuation of more than $1 billion.

Persons: Kate Ryder, Maven, Ryder, Oprah Winfrey, Mindy Kaling, Reese Witherspoon Organizations: Maven, CNBC, Maven Clinic, Microsoft, Oak HC Locations: New York

☆ Meet the Medical Tourists Getting Health Screenings on Vacation
▼ + stars: | 2024-10-08 | by ( Manisha Krishnan | ) www.businessinsider.com time to read: +15 min

AdvertisementLike Woodman, millions of Americans travel abroad for medical procedures each year, saving anywhere from 40% to 90% on the services they receive. Medical tourism comes with risks; the American Medical Association recommends going only to medical facilities recognized by international accrediting bodies and following up testing with care at home. It's unclear, though, how many medical tourists visit accredited facilities, and there's still the question of whether all these tests are useful for someone who is seemingly in good health. Related storiesSince COVID-19 came into the picture, health screenings and extensive physicals have received some buzz. As more people spend time abroad, it becomes easier to tack a few small medical tests onto your trip.

Persons: Josef Woodman's, —, Chapel Hill , North Carolina —, You've, Woodman, There's, Kim Kardashian, you've, you'd, that's, Bryn Elise, I'd, Elise, influencer, I've, it's, Paulo Neno, Neno, there's, Elise's, Kardashian, Prenuvo, Arturo Vargas Bustamante, Vargas Bustamante, Misael Uribe Ramos, Uribe Ramos, Imani Bashir, Bashir, Krishnan Organizations: Duke University Hospital, cabanas, CAT, American Medical Association, Joint Commission International, University of California, Commission, Centers for Disease Control, CDC, of Disease Prevention, Health, Disease Prevention, National Academy of Medicine, country's Ministry of Health, Labour, Welfare, United Arab Locations: Chapel Hill , North Carolina, Bangkok, Mexico, United States, Turkey, Illinois, Los Angeles, Médica, Mexico City, Japan, South Korea, Thailand, United Arab Emirates, Barbados, Cancún, Washington , DC, Brooklyn

☆ This one career mistake may be costing you $300,000 in retirement savings. Here's how to avoid it.
▼ + stars: | 2024-10-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

But there's one hiccup: your retirement savings rate could fall behind and the opportunity costs could pile up. The reason is that the most common default savings rate was quite low, at only 3%. Those who saw a raise below 10% saw a drop in their savings rate and the dollar amount they saved. Those lucky enough to snag an increase above 10%, still ended up with a higher dollar amount saved even with a lower savings rate. For passive savers who are stuck in their ways, it may be up to employers to make the adjustments by increasing the default savings rate.

Persons: switchers, —, It's Organizations: Service, Vanguard

☆ Stock market today: Indexes slip as bond yields jump after strong jobs data
▼ + stars: | 2024-10-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell Monday as investors assessed interest rate moves after Friday's strong jobs report. The 10-year Treasury yield rose above 4% for the first time since late July. Investors will focus on earnings season and the upcoming September CPI report this week. AdvertisementUS stocks dipped to start the week as investors assessed the outlook for interest rates following the strong September jobs report. The September CPI report is also on the economic calendar this week, set to be released on Thursday.

Persons: — Organizations: Treasury, Service, Dow Jones, Federal Reserve, Investors, PepsiCo, Here's

☆ Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data
▼ + stars: | 2024-10-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

US stocks fell Monday as bond yields and oil prices moved higher. The rise in oil prices and solid September jobs report has revived inflation concerns. Friday's release of the September jobs report sparked the move higher in yields. AdvertisementMeanwhile, oil prices continued to surge on Monday, rising by about 4% as tensions in the Middle East continued to simmer on the first anniversary of the Hamas-led attack against Israel. The rise in oil prices and the stronger jobs report are fanning fears of a potential rebound in inflation, which would mean fewer rate cuts from the Federal Reserve.

Persons: — Organizations: PepsiCo, Service, Treasury, Israel, Federal Reserve, Amazon, Epic, Bank of America, Here's Locations: Hurricane Milton, Wells

☆ Good news: The ‘hard landing’ forecasters got it wrong
▼ + stars: | 2024-10-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But as we wind down 2024, one thing appears clear: The naysayers on Team Hard Landing got it wrong. The “soft landing” versus “hard landing” metaphor — perhaps overused but visually handy — refers to the economy as an airplane and the Fed as the pilot. Pull the right levers at the right time, and you get a nice comfortable soft landing, with inflation cooling and the labor market thriving. He was far from alone in thinking that a soft landing was little more than a fantasy. “We should just drop the soft landing versus hard landing discourse and start talking about a robust expansion at mid-cycle,” Joe Brusuelas, chief economist at RSM, told Schwab Network in an interview.

Persons: CNN Business ’, everyone’s, ”, Sung Won Sohn, we’d, ” Aaron, “, there’s, Justin Wolfers, Bill Dudley, “ I’ve, Dudley, Larry Summers, they’re, Joe Brusuelas Organizations: CNN Business, New York CNN, Loyola Marymount University, Fed, . Upjohn Institute, Employment Research, ICYMI, Bureau of Labor Statistics —, Federal Reserve Bank of New, Bloomberg, RSM, Schwab Network Locations: New York, Federal Reserve Bank of New York

☆ The job market is in the 'Twilight Zone,' top economist Claudia Sahm says
▼ + stars: | 2024-10-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US job market is in a strange quandary, according to Claudia Sahm. The September jobs report was huge, but Sahm said the labor market is still cooling. AdvertisementThe job market is in a weird spot, even after Friday's stunningly strong nonfarm payroll report, Claudia Sahm says. The former Federal Reserve economist and the creator of a highly watched recession indicator pointed to signs that the labor market is cooling, despite September's blowout jobs report. Other forecasters have said the job market remains in uncertain territory, though labor conditions are generally on strong footing.

Persons: Claudia Sahm, Sahm, —, they're Organizations: Employers, Service, Federal Reserve, Bloomberg, Challenger, Atlanta Fed

Search resuls for: "Employers"

25 mentions found