Share to Twitter Share to Linkedin The Situation Looks Scary Right now the job market doesn’t feel like it was a month ago. Inflation is spiraling out of control, the cost of everything is exorbitant, talks of a recession, stagflation, and worries about being dragged into a war with Russia. These and other factors have scared investors, and the stock and cryptocurrency markets have plummeted, wiping out trillions of dollars. With so much uncertainty, it's reasonable for executives and human resource professionals to put the breaks on hiring, and start considering layoffs . We’ve already seen an array of tech companies—whose stock prices were crushed—enact downsizings. If the overall mood, economy and financial markets don’t turn around, there will likely be further rounds of terminations, and hiring freezes put into place. Here are the big waving red flags that you need to watch out for to determine if you need to update your resume and start … [Read more...] about Red Flags Signaling You May Be Selected For A Layoff
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Indian rupee rebounds from all-time low; rises 19 paise to 77.31/USD
Representative image After closing at an all-time low against the US dollar on Thursday, the rupee recovered some lost ground to trade at 77.31 against the US dollar in morning trade on Friday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the rupee opened at 77.35 against the American dollar, then gained further ground to quote at 77.31, registering a rise of 19 paise from the last close. On Thursday, the rupee plunged 25 paise to close at its lifetime low of 77.50 against the US currency. Forex traders said the Indian Rupee could see range-bound trade against the US dollar as broad dollar strength could offset losses from a rate hike by the Indian central bank next month due to rising domestic inflation. India's headline inflation galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April on rising food and fuel prices, raising the odds of an interest rate hike by the RBI early next month to … [Read more...] about Indian rupee rebounds from all-time low; rises 19 paise to 77.31/USD
Dalal Street Week Ahead | LIC listing, earnings among 10 key factors that will keep traders busy
Indian markets remained bearish for the the second consecutive week ended May 13 as the benchmark share indices lost nearly 4 percent. Persistent worries over rising inflation, possibility of further rate hikes by global central bank, China lockdown and weakening rupee kept the investors on the edge. During the last week, BSE Sensex declined 2,041.96 points (3.72 percent) to close at 52,793.62, while the Nifty50 shed 629.05 points (3.83 percent) to end at 15,782.20 levels. However, in the month of May Sensex and Nifty have lost more than 7 percent each. During the week gone by, all the sectoral indices were in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent. In broader market, the BSE Mid-cap index lost 5.6 percent, Small-cap index shed 6.5 percent and Large-cap Index declined 4.4 percent. In absence of any major event, market participants will be closely eyeing the performance of … [Read more...] about Dalal Street Week Ahead | LIC listing, earnings among 10 key factors that will keep traders busy
S.Korea c.bank chief says big-step rate hikes a possibility
- A + A SEOUL (May 16): The South Korean central bank chief's comment that he could consider big-step interest rate raises in coming months shook the local bond market on Monday, as Asia's fourth-largest economy also braced for fast slowing in growth. Yields on government bonds rose as traders rushed to cut their bets on a slower pace of policy tightening ahead, while stock prices reversed early gains to fall modestly on weakening economic growth prospects. Bank of Korea Governor Rhee Chang-yong, who took office last week and is due to chair his first policy meeting on May 26, said he could consider bigger interest rate increases, depending on data that will become available around July and August. "(I may be able to say) after watching the May policy meeting and more data by around July and August," Rhee said when asked by reporters whether the bank was considering a 50-basis-point interest rate rise at its May 26 meeting. The Bank of Korea usually changes its … [Read more...] about S.Korea c.bank chief says big-step rate hikes a possibility