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The US economy is expected to have added 200,000 jobs last month, down from 263,000 in September but well above the pre-pandemic average. The unemployment rate is expected to edge up slightly, to 3.6% from 3.5% — still close to a half-century low. Private sector job growth and wages also went up last month, defying expectations, according to Wednesday’s ADP report. There are currently 1.9 jobs for every one person looking for work, a margin that the Fed worries is keeping inflation uncomfortably high. “Reducing inflation is likely to require a sustained period of below-trend growth and softening of labor market conditions,” Powell said Wednesday.
What to expect from Friday's monthly jobs report
  + stars: | 2022-11-03 | by ( Allison Morrow | ) edition.cnn.com   time to read: +3 min
The US economy is expected to have added 200,000 jobs last month, down from 263,000 in September but well above the pre-pandemic average. The unemployment rate is expected to edge up slightly, to 3.6% from 3.5% — still close to a half-century low. Private sector job growth and wages also went up last month, defying expectations, according to Wednesday’s ADP report. There are currently 1.9 jobs for every one person looking for work, a margin that the Fed worries is keeping inflation uncomfortably high. “Reducing inflation is likely to require a sustained period of below-trend growth and softening of labor market conditions,” Powell said Wednesday.
WASHINGTON, Nov 1 (Reuters) - The attack on U.S. House of Representatives Speaker Nancy Pelosi's husband highlights the need for more money to protect lawmakers in a bitterly divided political climate, the head of the Capitol Police said on Tuesday. "We believe today’s political climate calls for more resources to provide additional layers of physical security for members of Congress," Manger said. Pelosi and other top leaders of Congress get full-time guards and other enhanced security measures. The Capitol Police has opened regional field offices in California and Florida, with plans to open more soon to help investigate threats to lawmakers, Manger said. Lawmakers can also use their regular office expense accounts to buy bulletproof vests and other security equipment and Capitol Police have been increasing coordination with local law enforcement agencies.
According to Pollak, "the overall trend is back towards less turnover in the labor market, higher retention numbers." At the industry-level, the quit rate in construction slipped to 2.0% after two consecutive months at 2.7%. The quit rate for professional and business services, for instance, increased slightly by 0.2 percentage points to 3.2%. There were 10.7 million job openings in September according to Tuesday's release. But while a lot of job openings might seem like a good thing for the economy, it could spell danger ahead.
FOSSIL FUELS AND BACKSLIDINGCountries at last year's COP26 talks agreed for the first time to "phase down" coal production and trim other fossil fuel subsidies. Voluntary side deals also touted plans to curb fossil fuel financing and to limit planet-warming methane emissions, chiefly from the fossil fuel and agriculture industries. Following a breakthrough at the weekend as this year's summit began, the issue for the first time is part of the U.N. talks' formal agenda. ADAPTING TO A WARMER WORLDHigh-income countries have yet to meet their pledge to deliver $100 billion a year in climate finance. Low-income and climate-vulnerable countries want to ensure that the share spent on adaptation is doubled by 2025 - a pledge made at last year's U.N. climate talks in Glasgow, Scotland.
Experts say that even in a shaky, flaky economy like this one, most employers are apt to retain and reward their top talent. If you're going to ask for a raise, you need a game plan. "Treat the act of asking for a promotion like a project," Sarah Doody, the founder of the job search and career accelerator company Career Strategy Lab, told Insider. So, you need to ask your boss to be compensated and titled as a manager, she said. As you make the ask, Tilia recommended not using the word, "raise," but rather, "title and pay adjustment."
Cummings told the jury the stash of guns in that room rivaled what he saw in the military. Cummings told the jury he kept the gun in a collective Oath Keepers' weapons stash at a Virginia hotel room instead of bringing it into DC. Prosecutors say the gun stash was part of the Oath Keepers' plan to arm a "quick reaction force," per NBC News. Several other Oath Keepers — including Brian Ulrich, Joshua James, and William Todd Wilson — have pleaded guilty to seditious conspiracy. The Oath Keepers initially branded its members as defenders of the Constitution.
She also outlined steps to boost the military including with mass production of precision missiles and warships. Xi is widely expected to win his third term at the one-every-five-years party congress. "When we say achievement, for Taiwan it's definitely not a good sign, it's not a good thing," Lin said. One senior Taiwanese security official said Xi's third term would bring "unpredictable tensions" across the strait. But China has refused to speak to his successor, Tsai, since she was first elected in 2016, believing her to be a separatist.
On Tuesday, Citizens said it plans to launch a new private bank by the end of the year. Citizens Private Client will cater to customers with $200,000 more in deposits or investments. Citizens Private Client is intended to retain these customers as their financial needs become more complex. Private banking is a profitable business with relatively stable revenue that is often based on fees. The new private bank program is the latest step in Citizens' strategy to beef up its wealth management offerings.
Slovak parliament approves NATO membership for Finland, Sweden
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: +2 min
Sept 27 (Reuters) - Slovakia's parliament on Tuesday ratified the entry of Finland and Sweden to NATO, becoming one of the last countries to back the military alliance's expansion. Finland and Sweden sought to join NATO this year in response to Russia's invasion of Ukraine. In the 150-seat parliament, 126 lawmakers supported Finland's entry, and 124 voted in favor of Sweden's membership bid. Hungary's parliament has the motion on Finland and Sweden's NATO membership on its agenda, but no date is set as lawmakers return after a summer recess. Russia, which calls its actions in Ukraine "a special military operation", sees the entry of Finland and Sweden as a destabilising move.
The curious case of falling gold prices
  + stars: | 2022-09-23 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com   time to read: +7 min
But gold prices haven't surged. "Investors don't have much appetite to hold gold in the current environment," Warren Patterson, head of commodities strategy at ING, told me. Breaking it down: Gold prices skyrocketed in early March as fears about the consequences of Russia's invasion of Ukraine mounted. A stronger currency makes it more expensive for foreign investors to buy in, and can reduce demand, pushing down prices. In the meantime, Costco plans to leverage its size to stay competitive on prices and keep growing sales.
But gold prices haven’t surged. “Investors don’t have much appetite to hold gold in the current environment,” Warren Patterson, head of commodities strategy at ING, told me. Breaking it down: Gold prices skyrocketed in early March as fears about the consequences of Russia’s invasion of Ukraine mounted. A stronger currency makes it more expensive for foreign investors to buy in, and can reduce demand, pushing down prices. In the meantime, Costco plans to leverage its size to stay competitive on prices and keep growing sales.
Gold prices at 2½-year low as traders brace for Fed outcome
  + stars: | 2022-09-21 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea. Gold prices on Wednesday lingered near their lowest level since April 2020, as investors prepared for the likelihood of another super-sized interest rate hike from the Federal Reserve in its effort to tackle inflation. Gold prices on Wednesday lingered near their lowest level since April 2020, as investors prepared for the likelihood of another super-sized interest rate hike from the Federal Reserve in its effort to tackle inflation. The Fed will release its policy decision at 1800 GMT on Wednesday, followed by chair Jerome Powell's press conference. Rate futures traders are pricing in an 81% chance of another 75 basis-point hike and a 19% probability of a 100 bps increase.
Slow growth, high inflation, and layoffs mean it's the perfect time to ask for a raise. It may seem counterintuitive, but an economic downturn means it's the perfect time to ask for a raise. Asking for a raise can also be a matter of timing and when you need to make more money. So, you need to ask your boss to be compensated and titled as a manager, she said. As you make the ask, Tilia recommended not using the word, "raise," but rather, "title and pay adjustment."
But then other users began noticing the same thing, and in late July, Kim and Kourtney Kardashian and Kylie Jenner all posted a block of text reading "MAKE INSTAGRAM INSTAGRAM AGAIN." Influencer as workerA study published last year compiled data from 30 in-depth interviews with content creators on platforms like TikTok, Instagram, and YouTube. But often, creators don't see themselves as people with the ability to fight back. That may be slowly changing, with influencers and content creators realizing that they need to work together more to demand more transparency and standards in their industry. The second hurdle is more personal: Many, if not most, content creators still do not see themselves as laborers.
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Here are four ways credit cards affect your credit score that you should be aware of:1. Credit historyThe age of your credit card account matters. Here's a few types to get you started:Secured credit cardSecured credit cards are great for those with little credit history or a low credit score. Credit card with no annual feeCredit cards with no annual fee are more your everyday variety of credit card. Use a budgeting and credit monitoring appWith multiple credit cards, it's good to have a central location for information.
Persons: , It's, Shazia Virji, what's, Virji, Freddie Huynh, Huynh, they're, you've Organizations: Service, Consumer Financial Protection Bureau, Boomers, Freedom Financial
Here are nine questions we look to answer before adding a new name to our portfolio. Let's use our recent initiation of Procter & Gamble as an example. For example, we believe that consumer products such as those made and sold by Procter & Gamble are about as durable as they get. In the case of Procter & Gamble, we acknowledge we are paying above the five-year historic average valuation. In the case of Procter & Gamble, one potential red flag would be that current liabilities, those due within the next 12 months, exceed current assets.
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