Author: Press Room
Four out of the five US metropolitan areas with the lowest unemployment rates are in Florida, thanks to the state’s growing population, robust tourism activity and increased business investment. Miami had the lowest unemployment rate of metropolitan areas with more than 1 million people in February at 2.2%, tied with Birmingham, Alabama, according to the latest rankings from the Bureau of Labor Statistics. Jacksonville, Tampa and Orlando all had unemployment rates below 2.7% that month. Nationally, the jobless rate stood at 3.5% in March. “In-migration is still a really important part of the story of Florida and the fact that…
Watch full video on YouTube
The continued speculations of the crypto market set to experience its next bull run might just stand true as several crypto assets alongside the Baby Dogecoin saw a 40% upsurge in the past week.The meme coin, which is one of the many replicas of the more popular Dogecoin, has also gained around 11.65% uptrend outlook in the past 24 hours.Baby Doge asset might just be the talk of the town following its major gains over the past 7 days. Meanwhile, another meme coin is also stealing the spotlight in the form of Tamadoge. The play-to-earn (P2E) metaverse concept is on the…
Anne Curry has a real-estate portfolio of 311 units. Curry has used a number of strategies to scale up, but has backed off from BRRRR and house-flipping. A much better strategy to scale up in today’s market is house hacking, Curry said. When Anne Curry started to build her 311-unit portfolio in the late 1990s, she turned to hard money lenders.With a relatively low salary as a teacher’s aide and not having enough for a down payment, she needed a way to buy properties. So she used the high-interest, low-requirement lenders to buy houses in cash, fix them up, and…
Johnny Taylor Jr. told the WSJ he outsourced an employee’s job after she requested it be remote. Hiring someone in India saved the company around 40% in labor costs, he told the Journal. Since the pandemic, some tech companies have hired remote workers overseas, sometimes amid layoffs. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A CEO’s anecdote to The Wall Street Journal highlights a potential risk workers face in asking to work remotely on a permanent basis: the company could outsource their job…
Successful investing is tough – really tough, in fact. It takes perseverance, patience, discipline, time, and a thirst for knowledge (a little luck doesn’t hurt, either). Long-term investing is vital to building lasting wealth, as many veteran stockholders know. I’ve often kicked myself after growing impatient and ditching a high-conviction stock only to see it soar months later. The most important quality for an investor is temperament, not intellect. -Warren Buffett. What does this have to do with Amazon (NASDAQ:AMZN) stock and investors as we barrel toward Q1 earnings on April 27th? Everything! Amazon shareholder letter 2023 Amazon CEO Andy…
The Bank of England is considering a major overhaul of its deposit guarantee scheme, including boosting the amount covered for businesses and forcing banks to pre-fund the system to a greater extent to ensure faster access to cash when a lender collapses.The UK’s Financial Services Compensation Scheme is being urgently reviewed after the rapid failure of Silicon Valley Bank last month, when billions were withdrawn in panic from SVB’s UK subsidiary overnight, people briefed on the BoE’s thinking told the Financial Times.Regulators are concerned that the guarantee’s current £85,000 limit only covers about two-thirds of deposits and that the relatively…
Reporter explains why Kennedy family won’t support RFK’s son against Biden The Kennedy family is publicly opposing Robert F. Kennedy Jr.’s campaign challenging President Joe Biden for the Democratic nomination that is expected to be announced soon. CNN’s Isaac Devore reports. Read the full article here
The U.S. corporate earnings reporting season got off to a good start this week with large U.S. banks reporting robust first quarterly performance despite the collapse of Silicon Valley Bank and Signature Bank last month, but regional banks could still provoke some market volatility given their capital and liquidity issues when they report in coming weeks. JPMorgan Chase JPM, +7.55%, Wells Fargo WFC, -0.05%, Citi C, +4.78% and BlackRock BLK, +3.07% all beat Wall Street’s estimates for their first-quarter profit, easing some of the markets’ concern that the sudden meltdown of two regional banks could send shockwaves across the U.S.…
SINGAPORE — The Monetary Authority of Singapore maintained its monetary policy unchanged in a surprise move on Friday. The central bank said it will keep the prevailing rate of appreciation of the SGD NEER policy band, as the current path of appreciation is sufficiently tight and appropriate for achieving medium-term price stability. Most of the economists polled by The Wall Street Journal had expected the MAS to tighten its policy. There will be no change to the width and the level at which the policy band is centered, a policy stance that will continue to reduce imported inflation and help…
