Business
-
‘Most jobs are vehicles and not destinations:’ Entry-level hiring slows, but these jobs are on the rise for new graduates
Entry-level hiring is slowing. Hiring for entry-level positions in the U.S is down 32% on the year in April for jobs that require a college degree and down 22% in April for jobs that do not require a college degree, according to a LinkedIn report released Monday. Hiring slowed across all industries in April. It…
-
20 S&P 500 companies that had the best Q1 on 3 key measures — should you buy the stocks?
First-quarter earnings season is just about over for the S&P 500. Then again, with about 20% of the companies having fiscal quarters that don’t match the calendar, it seems the flow of earnings reports never ends. It might seem from media reports that the economy is always facing some sort of crisis, but you may…
-
Nvidia short sellers get scorched further, racking up $2.2 billion in paper losses Thursday
It’s been a brutal year for those betting against Nvidia Corp.’s stock, and the pain got worse Thursday. Short sellers incurred $2.2 billion in mark-to-market losses on their Nvidia NVDA, +2.54% positions in Thursday’s session alone, according to data from S3 Partners, as Nvidia shares ran up 24% in the session on the heels of…
-
The price of one Memorial Day barbecue essential has soared 28% since last year. It’s not meat or vegetables.
If you plan to barbecue this weekend, here’s some good news: You’ll get slightly more beef for your buck. However, unless you want to eat your burger plain, you’ll need to shell out more dough for condiments and buns. A new study from data-analysis company Datasembly found that barbecue staples are more expensive than they…
-
Is the U.S. stock market closed on Memorial Day?
The U.S. stock market is closed on Monday, May 29 for Memorial Day, as is the bond market, but the trading session for bonds also ended early Friday at 2 p.m. Eastern, ahead of the long holiday weekend. Investors have been glued to developments on the U.S. debt-ceiling impasse in recent days, with talks in…
-
‘Embrace momentum’: Stock-market traders learn key lesson from AI tech surge
A mind-blowing Thursday surge by shares of chip maker Nvidia Corp. that fed a frenzy for artificial-intelligence stock market plays reinforces a cardinal rule for traders, said a technician at a top Wall Street research firm. “Yesterday’s move in NVDA was one for the record books,” said Kevin Dempter, analyst at Renaissance Macro Research, in…
-
AI stock moves have ‘clearly been extreme,’ but the ‘kicker’ they provide prompts Citigroup to upgrade U.S. equities
Citigroup strategists has raised their recommendation on U.S. equities to neutral from underweight as recent advances in artificial intelligence (AI) boosts tech shares, while signs that the Federal Reserve is nearing the end of its interest rate-hiking cycle are also expected to drive U.S. stocks outperformance. While price moves for AI-related stocks have “clearly been…
-
Gen Z wins retirement saving as overall balances rise and 401(k) loans drop
Despite fears of a potential recession, stubborn inflation and interest-rate hikes, Americans socked away more money for their retirement in the first quarter, especially the youngest workers, Generation Z, according to Fidelity Investment’s first-quarter analysis. In a review of 44.5 million retirement accounts, Fidelity found that account balances are up for the second quarter in…
-
Nasdaq posts biggest gain in 3 weeks as Nvidia boosts tech, Dow extends losses to 5th day
U.S. stocks closed mostly higher on Thursday, with Nvidia Corp. earning helping lift the Nasdaq to its best day in three weeks. Losses for the Dow continued into a fifth-straight session though as U.S. debt-ceiling talks dragged on in Congress. Price action The Dow DJIA, -0.11% fell 35.27 points, or 0.1%, ending at 32,764.65, after…
-
Trans designer speaks out after Target pulls products: ‘I’ve had a lot of death threats’
A U.K.-based designer targeted in the intense anti-LGBTQ backlash against the sale of Pride products at Target says he has received a deluge of threats and hateful comments — alongside an “unprecedented number of orders” from supportive customers. Erik Carnell owns Abprallen, a brand that provides art and accessories for the “proud, loud, and colourful,”…