by Sunil Sahil
Sunil Sahil
The US economy has lost 45,000 jobs as a result of Hollywood strikes since May.
A startling 336,000 new jobs were added to the US economy in September, more than double the 170,000 economists surveyed by Bloomberg had predicted. However, the Hollywood strikes last month caused yet another hit to the jobs report as the writers strike came to an end while the actors strike is still going on. After … Read more
The US labour market needs one thing in order to fully recover from the pandemic.
However, the apparent improvement in the labour market covered up ongoing weakness in the sectors most severely affected by the pandemic. Specifically, hotels and restaurants. According to the September jobs report, employment in the hospitality sector, which includes hotels, is still the primary obstacle to returning the labour market to its pre-pandemic condition. The employment … Read more
Some Investor Information: U.S. Bancorp (USB) Stock Declines While Market Improves
The most recent trading day saw U.S. Bancorp (USB) close at $31.86, down -0.03% from the previous trading session. The stock underperformed the S&P 500, which saw a day gain of 1.18%. The tech-heavy Nasdaq rose 1.6% at the same time as the Dow gained 0.87%. Shares of the company have lost 10.55 percent of … Read more
The US would find it difficult to stop Exxon’s politically divisive megadeal
The top U.S. oil producer’s proposed $60 billion acquisition of Pioneer Natural Resources, which the White House may have blamed on Exxon Mobil, would be difficult to stop, according to five antitrust lawyers and experts on Friday. According to Reuters, talks between Exxon and Pioneer on a deal are advanced but have not yet resulted … Read more
The 5% Bond Market Indicates Pain Is Coming to Everyone
The benchmark interest rate set by the US Federal Reserve was zero, while central banks in Europe and Asia even used negative interest rates to boost the economy during the pandemic and after the financial crisis. After 30-year US Treasury bond yields this week broke through 5% for the first time since 2007, those days … Read more
In order to prepare Charlotte students early for success in the finance industry, Bank of America collaborates with INROADS.
A National Association of Manufacturing and Deloitte research projects that the US would have a 3.5 million-person STEM labour deficit by 2025. Through the College Links programme, Bank of America and INROADS have teamed to solve this challenge. A programme called INROADS College Links promotes academic accomplishment and future career success by providing mentorship, professional … Read more
US indices rise substantially with technology following robust job growth and slower wage growth
The S&P 500 increased for the week, ending a four-week losing trend, and the Nasdaq had its highest daily percentage gains since late August. The S&P 500 sector with the biggest gain was information technology, followed by communication services. After the jobs report, which revealed that U.S. employment increased for the first time in eight … Read more
Weekly Forecast for USD/JPY: US Dollar Retreats to Find Buyers Once More
In the course of the trading week, the US dollar has sharply declined to test the 147.80 level, or the area where the market had previously encountered resistance. By retracing our steps, we have demonstrated life by turning around. Since we are ultimately testing the peak of the market as a whole, we must inquire … Read more