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RBC says these 6 reasons explain why a recession will strike in the first half of 2024

Tue, 12/26/2023 - 07:24

Tech Insider : Economy, Economy

Shoppers in crowded mall during holidays 2022 — RBC Global Asset Management assigns a 70% probability for a recession in 2024, according to its year-ahead outlook.
Howard Schnapp/Newsday RM via Getty Images

economy, Markets, Markets, stock-market, Recession, economic-outlook, economy

15 companies that are hiring like crazy going into 2024

Tue, 12/19/2023 - 09:01

Tech Insider : Economy, Economy

Tesla cars — Tesla was one company that had a high relative hire rate, ranking No. 8 on Indeed's new list.
Justin Sullivan/Getty Images

economy, Careers, economy, Careers, companies, Jobs, labor-market

Fully remote workers are at the highest risk of being replaced by AI, a Stanford professor says

Wed, 12/13/2023 - 05:00

Tech Insider

Image shows someone using OpenAI's ChatGPT on a laptop screen by starting to type commands in a search bar. — Generative AI tools such as ChatGPT have been wildly popular with students
Frank Rumpenhorst/picture alliance via Getty Images

Tech, artificial-intelligence, generative-ai, chat-gpt, AI, Jobs, labor-market

It's not just you. It's getting harder to switch jobs.

Sun, 12/10/2023 - 05:22

Tech Insider : Economy, Economy

People are in a line at a career fair — Declining job openings means it's not as easy for some workers to find a job as it was a year ago.
FREDERIC J. BROWN/AFP via Getty Images

economy, Careers, economy, Jobs, great-resignation, job-switching, labor-market

The Fed will spark a 'seismic moment' if it cuts rates, and should wait for overwhelming evidence the economy is slowing, Larry Summers says

Fri, 12/08/2023 - 13:30

Tech Insider : Economy

larry summers — REUTERS/Jonathan Ernst

economy, Markets, Markets, federal-reserve, rate-cuts, interest-rates, larry-summers

The strong jobs report isn't enough to derail the Fed from its path to cutting rates by early 2024

Fri, 12/08/2023 - 11:30

Tech Insider : Economy, Economy

jerome powell — Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018.
Jose Luis Magana/AP

economy, Markets, Markets, jerome-powell, economy, Recession, interest-rates

The job market was hotter than expected in November

Fri, 12/08/2023 - 08:37

Tech Insider : Economy, Economy

Close-up of a now hiring sign — Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

economy, Markets, economy, Jobs, labor-market, BLS, job-growth

There haven't been this few job openings in 2 years. It's exactly what the Fed's been hoping for.

Tue, 12/05/2023 - 14:56

Tech Insider : Economy, Economy

Employees sort parcels from online retailer Amazon at a distribution center.

Jens Büttner/picture alliance via Getty Images

economy, Markets, Markets, economy, labor-market, federal-reserve, Fed

US stocks trade lower as latest jobless claims data points to cooling labor market

Thu, 11/16/2023 - 09:42

Tech Insider

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. November 16, 2016. REUTERS/Brendan McDermid — Traders work on the floor of the NYSE
Thomson Reuters

Markets, mi-exclusive, Markets, stock-market-news-today, Stocks, federal-reserve, PPI

2024 will be Gen Z's year to change work as we know it

Wed, 11/15/2023 - 12:08

Tech Insider : Economy, Economy

Two people shaking hands in an office — A new report suggests there will likely be more Gen Zers who are full-time employed than baby boomers who are full-time employed by early 2024.
sturti/Getty Images

economy, Careers, economy, gen-z, baby-boomers, labor-force, Employment

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