A new proposal announced by the Department of Labor (DOL) Tuesday attempts to clarify rules on classifying workers as independent contractors or employees. But the measure is being seen as a serious threat to gig-industry companies such as Uber, Lyft and DoorDash. According to the DOL, many workers have been the victims of misclassification, meaning… Continue reading Uber, Lyft Whacked Over New Gig Worker Labor Proposals
Encouraging signs for investors lie ahead despite all the doom and gloom
Martin Pelletier: The probabilities point to a win for those betting on the house rather than persistently against it Traders work on the trading floor at the New York Stock Exchange. Photo by Andrew Kelly/Reuters files I try to do a grateful meditation session every night, which was especially fitting this past Thanksgiving weekend, but… Continue reading Encouraging signs for investors lie ahead despite all the doom and gloom
Stock Market Today: Stocks Fall for Fourth Consecutive Session
Stocks closed lower Monday in a choppy session noticeably light on volume. A lack of economic news – and the fact that the bond market was closed in observance of Columbus Day and Indigenous Peoples Day – helped make for a quiet day of trading. Still, heightened anxiety over central bank tightening (opens in new… Continue reading Stock Market Today: Stocks Fall for Fourth Consecutive Session
Edianyun Settled in Beijing SME Public Service Platform
, /PRNewswire/ — Recently, the Beijing SME Public Service Platform announced the lists of service providers and 2022 SME service voucher products. Office IT integrated solution provider Edianyun has the honor of being included in the lists. The company has updated the prospectus for the HKEX listing application. Edianyun focuses on providing one-stop office IT… Continue reading Edianyun Settled in Beijing SME Public Service Platform
US stocks fall as investors prepare for an earnings deluge amid worries about rates and recession
US stocks ended lower Monday, marking a fourth consecutive decline amid worries about the economy. JPMorgan CEO Jamie Dimon said a recession could push stocks down by another “easy 20%.” Chip stocks fell as the Biden administration ramped up limits on chip sales to China. Loading Something is loading. Thanks for signing up! Access your… Continue reading US stocks fall as investors prepare for an earnings deluge amid worries about rates and recession
Russia’s seaborne oil shipments to Europe have plunged 60% since the war in Ukraine began
Seaborne oil shipments from Russia to Europe have fallen 60% since the February invasion of Ukraine. Sanctions will prove difficult for the Kremlin to export oil elsewhere. The latest EU penalties restrict Russian crude from being transported on EU tankers. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Russia’s seaborne oil shipments to Europe have plunged 60% since the war in Ukraine began
Jamie Dimon says the economy is on the verge of a recession and the stock market could fall another ‘easy 20%’ from here
The stock market could fall another 20% as a recession is likely to hit the US economy over the next six to nine months, according to Jamie Dimon.He said higher inflation, interest rates, and war uncertainty are all contributing to volatile markets.”The far more serious thing is this war,” Dimon told CNBC on Monday. Loading… Continue reading Jamie Dimon says the economy is on the verge of a recession and the stock market could fall another ‘easy 20%’ from here
The September jobs report shows inflation is not under control and the economy is ‘headed for a collision of some kind,’ former Treasury Secretary Larry Summers says
The September jobs report showed that inflation isn’t under control, Larry Summers says. He pointed to rising core inflation, which shows that price growth is still accelerating. “I think we are headed for a collision of some kind or other, and we’ve just got to manage that collision carefully,” he said. Loading Something is loading.… Continue reading The September jobs report shows inflation is not under control and the economy is ‘headed for a collision of some kind,’ former Treasury Secretary Larry Summers says
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