Share to Twitter Share to Linkedin After many years of stubbornly low inflation, we are now in an environment we haven't seen for 40 years. Prices are going up - fast. The Federal Reserve initially believed rising inflation would be transitory (i.e. fleeting) but has since changed their tune. Trying to get inflation to return to normal, the Fed has started raising interest rates . While the beginning of the end of easy money may help curb inflation on the margin, investors should prepare for inflation to linger. The Personal Consumption Expenditures (PCE) measures the change in the prices of goods and services consumed by all households and nonprofit institutions serving households. The Core PCE excludes food consumed in-home and energy prices. The CPI or Core CPI are the most common measures of inflation, but for several very good reasons, the Federal Reserve prefers to the Personal Consumption Expenditures (PCE) price index instead of CPI . For … [Read more...] about When Will Inflation Return To Normal? It Might Be A While.
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London (CNN Business) Social media speculation that Credit Suisse was on the brink of collapse sent shares of the Swiss bank on a wild ride in recent days, as investors traded off the frenzy and bought up protection in case of a default. But the hand-wringing over the global lender's fortunes appears to say more about the anxious mood hanging over markets than the bank's financial position. Analysts say that Credit Suisse ( CS ) has more than enough capital on hand to meet regulatory requirements and the liquidity necessary to deal with a potential shock. Years of scandals and fines have hurt the bank's business, but it's not about to fail. "From our perspective, looking at company financials at the end of [the second quarter], we see [Credit Suisse's] capital and liquidity position as healthy," JPMorgan Chase analyst Kian Abouhossein wrote on Monday. That doesn't mean there aren't risks. The Financial Times reported that senior … [Read more...] about Credit Suisse angst shows just how freaked out markets are right now
Share to Twitter Share to Linkedin Hiring the right candidate can be difficult, especially when you receive a large number of resumes from a pool of talented individuals. Often, businesses simply don't have the resources to spend a long period of time sifting through resumes to find the perfect one. Hiring teams need to develop certain systems or criteria for weeding out any candidates that wouldn't be the right fit and finding a select few ideal candidates for the position. To help you do this, 15 Forbes Business Council members offered some creative tips for finding the best resumes quickly from a large pool of applicants. 1. Bury Instructions In The Job Description One of the simpler ways to separate candidates when reviewing resumes is to bury an instruction further into your description. Most "spray and pray" candidates don't bother reading through online descriptions, they just hit "apply." Try adding a simple thing, such as, "In your cover … [Read more...] about Sifting Through Mountains Of Resumes? 15 Tips To Sort Them Quickly
Share to Twitter Share to Linkedin Key takeaways The U.S. unemployment rate went up in August for the first time since April 2020. The jump wasn’t nearly as large, though; the reasons for the jump are positive economic indicators. Unemployment numbers don’t account for people who aren’t looking or can’t look for jobs, like the two to four million people not working due to long COVID or women leaving the workforce for other responsibilities since the beginning of the pandemic. The U.S. is currently not in a recession, but we’re on shaky ground. There are reasons to be optimistic, but several factors demand attention, like job listings with inadequate pay and a marked slowdown in hiring. To determine if we are in a recession, economists generally look at three factors: economic output, consumer demand and unemployment. A decreased economic output is normally defined by two consecutive quarters of decreasing GDP. The U.S. met this bar with … [Read more...] about New Jobs Data Friday- How Is Employment Tied To A Recession (Does This Officially Tip Us In)?
Share to Twitter Share to Linkedin Strong economic growth is crucial for a successful society. Without it, living standards languish, opportunities dry up, and resentment takes hold as people think they have no choice but to fight for their slice of a fixed economic pie. Greater worker productivity—creating more output with fewer inputs—is an important driver of economic growth. Labor productivity growth has been slow for years, but better policies would boost productivity and strengthen the U.S. economy. U.S. Economy is Struggling The U.S. economy is weakening. Real GDP growth was negative in both the first (-1.6%) and second quarter (-0.6%) of this year, and many economists predict growth to remain weak through the first half of 2023. Combine this low growth with 8% inflation and a plummeting stock market and it is not surprising that consumer sentiment is down 20% since last September. There are three ways to boost economic growth—add … [Read more...] about With A Recession Looming, Now Is A Great Time To Fix America’s Slow Labor Productivity Growth
Share to Twitter Share to Linkedin Shopify stock (NYSE: SHOP) continues to drift lower, falling by about 10% over the past month, taking its year-to-date decline to about 80%. While a bulk of the decline in the stock came earlier this year, as investors fled growth stocks as the Fed began its monetary tightening, Shopify’s underlying e-commerce business is also taking a hit as people return to physical stores, with high inflation and rising rates also weighing on consumer confidence. Shopify posted a tough set of Q2 2022 results with revenue growth slowing to 16% year-over-year versus the 57% growth the company posted in the year-ago quarter, with the company also swinging to a net loss, versus a profit a year ago. Now, given the magnitude of the rout in Shopify stock, it’s safe to assume that much of the recovery will hinge on macros. Thus far, the Fed has also not shown signs that it will ease on its rate hikes, with the bank raising rates yet again by … [Read more...] about Down 80% This Year, What Will It Take For Shopify Stock To Recover?
Share to Twitter Share to Linkedin Most advice with 401(k) plans starts and stops with, “contribute at least enough to get your employer match.” While that is good advice you should implement, it’s a tiny piece of what could be a very complex puzzle. Simply contributing enough to your 401(k) to get the match leaves you a long way from maximizing the financial power your employer-sponsored plan could offer you. And failing to fully leverage your 401(k) could cost you millions of dollars in the future. How To Get $2.4 Million (Or More) Into Your 401(k) In 20 Years Many people know the 2022 contribution limit for 401(k)s: it’s $20,500. The nuance that you might miss, however, is that limit considers the employee contributions. There are other contributions you can make, depending on how your plan is set up. An employee cannot contribute more than a combined $20,500 into a traditional and/or Roth 401(k) plan. But the true maximum that can go into a … [Read more...] about What You Don’t Know About Your 401(K) Could Cost You Millions
Lawyer Lim Wei Jiet (fifth from left) with Parti Kemakmuran Negara's pro-tem members - A + A KUALA LUMPUR (Oct 4): A group of military veterans said they are deeply disappointed with the Home Ministry over its decision to reject their appeal with regards to their application to register Parti Kemakmuran Negara as a political party. On Sept 20, the High Court had ordered the home minister to make a decision on the veterans' appeal within 14 days. "The decision to reject the appeal is a great form of disrespect towards military veterans which form the core base of the party, who have sacrificed their lives and careers for the security of this nation. They merely want to exercise their constitutional rights to form a party in order to leave a better country for the next generation," the veterans said in a statement. They noted that the minister, Datuk Seri Hamzah Zainuddin, did not even sign the letter informing them of the rejection. Instead it was signed off … [Read more...] about Home Ministry rejects military veterans’ appeal on application to register party
Share to Twitter Share to Linkedin CEO of White Label Advisors , Christine is a strategist and innovator transforming growth methodologies. The evolution and transcendence of HR is a simple one. The trust placed on individual contributors (ICs) in organizations during the pandemic created the space for individuals to have a larger voice and presence as stakeholders. With this voice came an upheaval rooted in years, decades and centuries of workers gaining rights and representation. It can be argued that, pre-pandemic, individual contributors and workforces had it good. With the rise in VC- and PE-backed investments and funding, certain sectors had it really good. Take the tech sector for example. The inflated org charts, overflowing snack rooms and lively game rooms, sprinkled with a few massage chairs, were relatively short-lived (by way of perceived meaning and value) and soon became tired examples of impulsive measures to attract talent. … [Read more...] about HR: The Great Facilitator
Share to Twitter Share to Linkedin For digital savvy retailers, there’s nothing scary about what promises to be the strongest Halloween celebration since before the pandemic. Anticipating an epic trick-or-treat season, Party City is hiring 20,000 workers. The National Retail Federation reported Americans spent more than $10 billion on Halloween goods last year, and $3 billion on candy alone. While inflation has smart shoppers searching for deals this year, retailers are balancing supply chain disruptions with operational efficiencies to meet customer demands for affordable costumes, candy, cards, and party supplies at profitable price points. Like every holiday, Halloween’s major challenge for retailers is getting the right amount of inventory to the right locations when demand is peaking and not a moment after. Come November 1, hardcore bargain hunters might snap up this year’s trending costume on sale, but getting saddled with too much steeply … [Read more...] about Retailers Won’t Be Ghosted By Consumers This Halloween