Casarsaguru | E+ | Getty ImagesMillions of workers left their jobs during the “Great Resignation” of the Covid-19 pandemic, but economic insecurity and uncertainty have once more turned the tides of the labor market toward the “Great Stay.”Economists coined the term to refer to fewer employees leaving jobs, and fewer employers hiring or firing new workers.”We had this ‘Great Resignation’ just a couple of years ago,” Nela Richardson, chief economist at ADP, told CNBC. But now, “workers aren’t going anywhere,” she noted.”They’ve got their dream job, which is probably partly at home, maybe with a big salary pickup … And what…
Author: usaeverydaylife
View of an offshore wind energy park during a press moment of Orsted, on Tuesday 06 August 2024, on the transportation of goods with Heavy Lift Cargo Drones to the offshore wind turbines in the Borssele 1 and 2 wind farm in Zeeland, Netherlands.Nicolas Maeterlinck | Afp | Getty ImagesShares in wind farm developer Orsted tumbled soon as trading kicked off on Monday after the U.S. government ordered the company to halt construction of a nearly completed project.Around half an hour after markets opened, the company’s shares were around 17% lower.The U.S. order, which was announced late on Friday, has…
POLAND – 2024/12/08: In this photo illustration, the Keurig Dr Pepper company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesKeurig Dr Pepper will acquire Dutch coffee and tea company JDE Peet’s in a roughly $18 billion transaction, the two companies said Monday.The deal was first reported by the Wall Street Journal.Keurig Dr Pepper will pay JDE Peet’s shareholders 31.85 euros ($37.3) per share in cash, representing a 33% premium on the Dutch’s firm’s 90-day volume-weighted average stock price, which represents a total equity purchase of…
The Euronext trading exchange building in La Defense business district, west of Paris, on April 7, 2025.Thomas Samson | Afp | Getty ImagesEuropean markets were set to open slightly lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve interest rate cut were boosted Friday.The German DAX was set to shed around 97 points to 24,263, while France’s CAC 40 was on track to dip by around 23 points to 7,955 and Italy’s FTSE MIB was set to fall by around 100 points to 43,269. U.K. markets were closed for…
A glimpse of a shadow of a suggestion that the Fed might start lowering interest rates again was enough to send U.S. stocks surging and Treasury yields falling. Source link
China’s stock market has been rallying to multiyear highs as trade tensions with the U.S. have eased for now. Fueling the bull run are ordinary Chinese households, flush with record savings and a fear of missing out. Mainland China’s benchmark CSI 300 is up nearly 22% since its April 7 low, following U.S. President Donald Trump’s rollout of “reciprocal tariffs,” on April 2. The index on Friday closed at its highest since July 2022. Total Chinese household savings currently stand at more than 160 trillion yuan ($22 trillion), a record high, according to HSBC. That is more than a third…
The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025.Bloomberg | Bloomberg | Getty ImagesSingapore’s inflation cooled to a lower-than-expected 0.6% in July, as the city-state braced for slower growth later this year.This was lower than the 0.7% expected by economists polled by Reuters, and was also below the 0.8% seen in June.Core inflation — which strips out prices of private transport and accommodation — dipped to 0.5%, lower than the 0.6% forecast by the Reuters poll.The Monetary Authority of Singapore said a fall in retail and other goods prices led to cooler inflation, as…
Signage for the Hyundai Motor Co. annual shareholders meeting stands at the company’s headquarters in Seoul, South Korea.Bloomberg | Bloomberg | Getty ImagesSouth Korea’s parliament on Monday approved a bill that intends to increase the accountability of corporate boards to shareholders, as the ruling party-controlled parliament pushes reforms to boost the country’s equity valuations.The revised Commercial Act bill, a follow-up to earlier revisions passed on July 3, will force large companies to implement more separate votes when introducing audit committee members to strengthen oversight.The bill also “aims to enable minority shareholders to elect their own representatives to the board,” said Kim Jin-wook, a…
NEW YORK, NY – SEPTEMBER 12: Logos for Chinese electric car company NIO are displayed at a trading post on the floor of the opening bell at the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai-based electric car company opened for trading at $6 per share. (Photo by Drew Angerer/Getty Images)Drew Angerer | Getty Images News | Getty ImagesThe Hong Kong-listed shares of Chinese electric carmaker Nio surged as much as 14.84% Monday, extending its gains for the seventh consecutive session.The rally comes after the company unveiled its latest ES8 SUV on Aug. 21.…
In June, my children and I flew from Singapore to Texas to visit family.Several weeks later, we met up with my husband in New York City. Then I flew, solo, back to Asia, later followed by my husband. Eventually the kids returned with a set of grandparents in tow.All in, our summer trip took seven separate bookings to pull off — a twisted mix of one-way tickets and return trips — sometimes among people on the same flight.But the flexibility needed to avoid this booking ordeal, which took half a day to execute, is not only possible — it exists…
