In the second quarter of 2024, job seeker confidence saw a significant decline, dropping to its lowest level in over two years. This decrease in confidence reflects a growing pessimism among workers regarding their ability to secure their desired jobs. This shift in sentiment stands in stark contrast to the optimism that pervaded the job
The upcoming U.S. presidential election has the potential to create increased volatility in the stock market, leading to anxiety among investors. According to a survey conducted by the American Psychiatric Association, 73% of respondents admitted to feeling anxious about the election. This anxiety can often lead investors to make rash decisions, such as moving their
Deutsche Bank recently experienced a setback in its financial performance after a 15-quarter profit streak came to an end with a narrower-than-expected loss. The bank reported a net loss attributable to shareholders of 143 million euros, which was slightly better than the predicted 145 million euros loss by analysts. However, this loss was largely due
As the job market cools off from the rapid pace seen during the pandemic era, many workers are facing the reality of smaller annual raises. A recent poll by WTW, a consulting firm, indicates that the typical worker can expect a 4.1% pay raise for 2025, a decrease from the 4.5% raise seen this year.
Recent data from the Mortgage Bankers Association shows a slight decrease in mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances. While this drop may seem positive, it has not been significant enough to entice potential homebuyers to make a move. With rates at 6.82%, down from 6.87%, there has been a decrease
In a recent report by Bank of America analysts, it was revealed that four of the world’s largest semiconductor equipment manufacturers, including ASML, have experienced a significant increase in their China revenue since late 2022. This surge in revenue is attributed to China’s accelerated purchase of semiconductor manufacturing equipment following the U.S.’s tighter export restrictions
Alphabet, the parent company of Google, reported earnings that beat expectations in the second quarter. However, the stock slipped 1% in extended trading, mainly due to lower-than-expected revenue from its YouTube advertising segment. This suggests that investors are paying close attention to the individual segments of the tech giant’s business, looking for more consistent performance
The housing market is experiencing a noticeable shift from a seller’s market to a buyer’s market, as indicated by a 5.4% drop in previously owned home sales in June compared to May. Lawrence Yun, chief economist for the National Association of Realtors, highlighted that homes are staying on the market longer, and sellers are receiving
In recent news, bipartisan lawmakers introduced a new bill aimed at regulating the business practices of drug supply chain middlemen who have been under scrutiny for inflating prescription medication prices. This legislation, known as the “Pharmacists Fight Back Act,” addresses the concerns of U.S. patients and pharmacies by ensuring fair and transparent reimbursement for community
The current state of the U.S. economy is a topic of much debate and discussion among Americans. Despite various measures indicating a strong economy, a significant portion of the population believes that the country is in the midst of a recession. According to a recent survey conducted by Affirm, approximately 3 out of 5 Americans