Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city […]
This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down toward possible support at 3900. The next support area below that is 3700 – the lows of February […]
By Stuart Condie SYDNEY–Cloud-accounting software provider Xero Ltd.’s users are more concerned about a shortage of skilled labor than inflation or rising interest rates, Chief Executive Steve Vamos said. New Zealand-based Xero increased staff by 31% over the 12 months through March but its employee costs rose by 34% against the backdrop of what it […]
The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters are facing in a tight job market, in which candidates often have more than one competing offer, forcing hiring managers to make quick decisions. Jorge Gomez, who on Monday started as Moderna’s CFO, departed on […]
Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The […]
This version corrects a prior version’s description of Robert Kaplan’s departure from the Dallas Fed. The Dallas Fed announced Wednesday that it has appointed Lorie Logan, a top Fed staffer, as its president and chief executive. Logan, 49, is currently an executive vice president at the New York Fed. She is the manager of the […]
Christine Benz, morning star ‘s director of personal finance, is a mix of analytical and practical. Her analytical side of her says US growth stocks are overvalued, so she advises investors to load up on foreign stocks and cheaper US value stocks. Her practical side of her realizes that Americans worry about their mortgages or […]
May 10, 2022 12:46 p.m. ET E85 fuel at a gas station in Nevada, Iowa. Photos: Jason Reed/REUTERS Tom Hazelleaf (Letters, May 2) is right about letting markets lead the fight against climate change, but wrong about imposing a carbon tax. Gasoline is the largest emitter by far of new carbon dioxide. The price elasticity […]
If you’ve turned on a TV, listened to the radio, or surfed internet news sites recently you’ve almost certainly heard that there is a crisis, and a panic, about inflation. You’ve been told it’s the reason the Federal Reserve is jacking up interest rates. It’s the reason the stock market has been plunging. It’s a […]
A so-called hard landing of the US economy is not going to happen. It’s a false fear. We may have a bumpy landing, but the odds of hard landing — a possible recession — are low for the reasons below. If I am right, it confirms what extremely negative sentiment is already telling us: Stocks […]