Trader Mark Muller watches Thursday on the floor of the New York Stock Exchange as stocks plummet amid fears that chances for a recession are larger than experts previously thought. U.S. stocks sank Thursday after a factory gauge dropped the most in a decade and Apple cut its sales outlook, adding to concern that global growth is slowing. Treasury notes rallied and the yen strengthened. The S&P 500 index tumbled 2.5 percent for the steepest sell-off since Christmas Eve, when the gauge fell within a few points of a bear market before embarking on a 6.8 percent rally over the next five sessions. The Dow Jones industrial average plunged 660 points, or 2.8 percent. "Corporate America is getting cold feet about the outlook," said Chris Rupkey, the chief financial economist at MUFG Union Bank in New York. "That's what the stock market is saying with new selling and new lows after the manufacturing survey's release." The S&P 500 lost 62.14 points Thursday, closing at 2,447.89. The … [Read more...] about Dow drops 660 points as investors fear for growth
What do investors look for
NEW YORK - The U.S. stock market has been on the upswing for nine-and-a-half years. And that means a cohort of younger investors has never dealt with a 20 percent drop in the S&P 500 stock index -- the classic definition of a bear market. Such a decline has historically happened on average every four or five years. That's nice for these 20- and 30-somethings, and their retirement accounts, but it raises the question: What will they do when the next downturn inevitably arrives? How they respond will be crucial because this generation bears a heavier responsibility for paying for their own retirement, as pensions go extinct and Social Security's finances weaken. Few analysts are predicting an imminent downturn for the S&P 500, which sent another new intraday record high on Tuesday, but they're much less confident about 2019 or beyond due to rising interest rates and other market challenges. The fear is that inexperienced investors will panic at their first taste of a bear … [Read more...] about What younger investors haven’t seen: A bear market
Every startup is looking for talent but the smart talent isn't going to work for a startup with no future. John Boitnott Published 6:30 am CDT, Tuesday, August 21, 2018 Photo: Hero Images | Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Hero Images | Getty Images Looking for a Tech Job? Then Learn How to Recognize Early Stage Unicorns 1 / 1 Back to Gallery Just imagine if you were the tenth employee at Facebook. Your professional and financial growth would of course be remarkable. Some early employees at unicorn companies, startups worth more than $1 billion, spend years rising through the ranks at a successful company. Others parlay their good fortune into leverage to find more senior roles at less well-known organizations. Either way, finding a job at the next unicorn tech company can be a … [Read more...] about Looking for a Tech Job? Then Learn How to Recognize Early Stage Unicorns
Becky Vaughn-Furlow Careers Published 12:00 p.m. UTC Jul 28, 2018 How can we define what makes a good employee? What are employers looking for when separating average workers from the best and brightest? Every company has unique needs according to the type of business they operate and also the desired characteristics needed may differ by position. Here are common traits employers are seeking in their employees: Honesty is crucial as a trait for the successful employee. Businesses today deal with dishonesty from employees and customers. It is a growing cost to businesses. Shoplifting, fraud and embezzlement cost firms of all kinds and sizes. A global specialty insurer, Hiscox, conducted a study that revealed that embezzlement alone costs firms an average of $1.13 million annually. Statistic Brain reports that employee thefts cost businesses $50 billion annually. A strong work ethic tied for first place in the qualities hiring managers look for in a candidate, according to … [Read more...] about What qualities do employers look for in their workers?
Looking for news you can trust?Subscribe to our free newsletters. In April 2017, Demarion Duncan learned he’d have to move. That in itself would not be the end of the world; the McBride public housing project in Cairo, Illinois, where the 12-year-old Duncan lived with his mom, dad, and two younger siblings, was falling apart. A complex of 19 stucco-and-brick two-story apartment buildings abutting the Mississippi River levee on the backside of town, McBride was home to 103 families, including many of Duncan’s classmates, friends, and basketball teammates. But while a few units at McBride were still well maintained, others had mold in the bathrooms and flaking lead paint on the staircases. Heat worked sporadically; during cold snaps, Duncan, like many of his neighbors, bundled up and turned on the oven for warmth. Empty units and entire buildings were infested with roaches and rats. The US Department of Housing and Urban Development had been debating what to do with public … [Read more...] about Donald Trump Asked, “What Do You Have to Lose?” This Illinois Town Found Out.