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Tag: Unemployment

  • Jim Bianco warns that stocks face serious competition

    Traditional savings accounts compete with stocks. And according to Wall Street forecaster Jim Bianco, the winner could be your neighborhood bank for the first time in years. He argues that rising interest rates are offering investors safer ways to generate income. “Cash is no longer garbage. That was a two-decade-old meme that doesn’t apply,” the […]

  • Layoffs are on the rise, but some employers can’t hire fast enough

    Layoffs have recently expanded beyond tech giants like Microsoft and Amazon. Service businesses such as hospitality and restaurants have hired people to rebuild after the pandemic. The Fed is closely monitoring job and wage growth to curb inflation. A for rent sign hangs on the window of a Chipotle restaurant in New York, April 29, […]