Morgan Stanley’s Mike Wilson issues correction warning
[ad_1] Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even…
BofA’s Rick Sherlund predicts software comeback
[ad_1] Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the…
Why labor economists say the remote work ‘revolution’ is here to stay
[ad_1] Momo Productions | Digitalvision | Getty Images Remote work surged in the pandemic era — but this trend, borne of necessity for public health, has now become a fixture…
Here’s how to rent a sustainable Christmas tree for the greenest holiday ever and what retail and warehousing jobs falling in November reveals about the typical holiday shopper
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Greenest holiday ever? Here’s how to rent a sustainable Christmas tree There are ways to make ‘greener’ choices with your holiday evergreen.…
Why investors may want to add retail ETFs to their cart
[ad_1] ‘Tis the season for shopping — and maybe for some investors: ETFs. Despite consumer headwinds tied to the economic slowdown, Amplify ETFs’ Brian Giere sees opportunities in retail. “We…
Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers
[ad_1] A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images…
Moody’s Mark Zandi sees relief within 6 months
[ad_1] The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation…
Intel reportedly plans to lay off thousands of workers, with details potentially emerging alongside quarterly earnings
[ad_1] Intel Corp. may fire thousands of workers by the end of the month, around the same time the chip manufacturer reports quarterly results amid a tough year for semiconductor…
The job market is cooling but workers still have power, say economists
[ad_1] Hinterhaus Productions | Getty Images There are signs the hot job market is cooling — but workers still have bargaining power for now, according to labor economists. Job openings,…
How China workers stack up against the US, UK and Brazil
[ad_1] Unemployment among China’s youth aged between 16 and 24 has surged to nearly 20%, according to an official survey for July. Pictured here is a job fair in Beijing…
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
[ad_1] The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn’t moderating,…
Why a higher unemployment rate may be a good thing
[ad_1] Catherine Mcqueen | Moment | Getty Images Why the unemployment rate increased in August The unemployment rate increased by 0.2 percentage point from 3.5% in July — a level…
U.S. needs miracle to avoid recession, economist Stephen Roach warns
[ad_1] Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chair of…