The stock market

[wader]

Beauty Earnings Paint a Pretty Picture. Hello, Ulta.

From home goods to electronics, many inflation-weary consumers are putting off discretionary purchases to pay for essentials. Yet just like beauty, what’s essential may be in the eye of the beholder—and makeup may fit the bill.

www.barrons.com

The Estée Lauder Companies Inc. (EL) Stock Price, News, Quote & History - Yahoo Finance

Find the latest The Estée Lauder Companies Inc. (EL) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

 

[Matts]

Powell bracing Americans for job loss as inflation fight continues: Atlanta Fed president

Federal Reserve Bank of Atlanta President Raphael Bostic says his colleagues "don't know how much" job loss or economic impact could result from a hot inflation pace.

www.foxbusiness.com

"Following Federal Reserve Chair Jerome Powell’s hawkish message at the annual Jackson Hole symposium, Atlanta’s Fed Bank President Raphael Bostic expanded on the economic "pain" Americans should brace for."

Jackson Hole is the perfect metaphor for the income inequality that is crushing this country. Small businesses in Jackson are hurting because ranch owners, newly wealthy remote workers and land developers have snapped up all the housing property, leading to a huge shortage of any low income housing. (low income being a relative term) The result is that prospective workers are not willing to commute 3 hours round trip for minimum wage jobs and everyone in Jackson complains that there are no workers to staff restaurants, hotels, rafting concessions, etc., because there is no housing, other than limited seasonal dorm-style housing for college students, but nothing for someone looking to start a family or pay off the remaining $180,000 of their student loans.

 

[movetheboat]

Markets going down

 

[movetheboat]

Goldman Sachs reiterate thier expectation that US inflation has peaked (core PCE)​

Eamonn Sheridan
Wednesday, 31/08/2022 | 22:08 GMT-4

• 
  
• https://twitter.com/intent/tweet?te...ce-20220901/&hashtags=forexlive&via=forexlive
• https://t.me/share/url?url=https://...ation that US inflation has peaked (core PCE)
• 1

Goldman Sachs forecasts for US consumer price pressures. The Fed will be hoping they are current and that inflation has stopped its climb.

GS:

• We continue to believe that the peak for core PCE inflation is behind us
• We forecast core PCE inflation of 4.2% in December 2022 (vs. 4.5% previously)
• 2.6% in December 2023
• 2.3% in December 2024

Goldman Sachs cite "based on our bottom-up inflation model.”

 

[longcast]

3M will cut jobs as part of a cost-savings plan: report

Job cuts are coming to 3M as the Minnesota-based company deals with challenges from potential legal liabilities to a slowing economy.

www.foxbusiness.com

3M Co. will be eliminating jobs as part of a cost-savings plan in response to a slowing economy.

 

[longcast]

Goldman Sachs Will Reportedly Cut More Than 3,000 Jobs—As Major Layoffs Continue Into 2023

Forbes is tracking the biggest layoffs in the U.S. as companies react to fears of a looming recession.

www.forbes.com

 

[longcast]

Tech Layoffs: US Startups And Tech Companies With Job Cuts In 2022

Tech layoffs in 2022 have included cuts at Netflix, Better, Fast and other U.S. companies. We track all the notable tech and startup layoffs of 2022.

news.crunchbase.com

 

[movetheboat]

How many U.S. jobs are unfilled?


11.3 million unfilled jobs

U.S. Economy has 11.3 million unfilled jobs.Jul 7, 2022

AMAZING!!!!

 

[movetheboat]

Nearly Half of Small Businesses Can’t Fill Jobs​

Labor shortages prevail as the labor market remains historically tight​

By
DANIAL CLARK

Published August 05, 2022
A report from the National Federation of Independent Business (NFIB) found that small businesses across the country continue to raise wages to keep employees and fill a historically high level of job openings, but are still struggling to fill jobs.

Nearly half or 49% of owners reported job openings they could not fill, down just one point from June and two points from May’s 48-year record high, suggesting the labor shortage remains frustrating for many small business owners as they confront inflation and other economic headwinds.

Twenty-one percent of owners said that labor quality was their top business problem, down two points from June, while 9% said labor costs were their top business problem.

Overall, 64% of owners reported hiring or trying to hire in July. Of those trying to hire, 91% of owners reported few or no qualified applicants for their jobs. To keep employees, 48% of business owners reported raising compensation, just two points below the 48-year record high set in January.

Forty-two percent of owners have openings for skilled workers and 21% have openings for unskilled labor. Sixty percent of the job openings in construction were for skilled workers and 67% of construction firms reported few or no qualified applicants.

 

[movetheboat]

Wages are rising at their fastest pace in decades. Wages are rising at their fastest pace in decades. Here's how that stacks up with inflation​

​

 

[cany]

Stock market not the economy or Ill lock it up for good

 

[movetheboat]

Thank you!!

 

[movetheboat]

It's a matter of when and not if that the market tests the JUNE low.......computers will bring in buys at that low........if the bounce doesn't hold....LOOK OUT BELOW

 

[movetheboat]

ran outta sellers for now...so up we go

 

[longcast]

Stock market not the economy or Ill lock it up for good

Understood and thank you! All posts had pertinent analytics regarding public companies so due diligence can be done for the purpose of making educated investing decisions.

 

[movetheboat]

Ugly Friday.....more down coming next week

 

[CELLFISH]

Goldman Sachs Will Reportedly Cut More Than 3,000 Jobs—As Major Layoffs Continue Into 2023

Forbes is tracking the biggest layoffs in the U.S. as companies react to fears of a looming recession.

www.forbes.com

Bed Bath & Beyond exec ID’d as Tribeca ‘Jenga Building’ jumper: source

CFO of Bed, Bath and Beyond identified as Jenga building jumper.

nypost.com

 

[longcast]

A wave of layoffs is sweeping the US. Here are firms that have announced cuts so far, from Peloton to Snap.

The reason behind the layoffs, broadly, is twofold: business growth is slowing, while labor costs are increasing.

www.businessinsider.com

Stocks to watch as layoffs mount. Some household names to keep an eye on. Interesting insight to investment opportunities.

 

[longcast]

Goldman Sachs Will Reportedly Cut More Than 3,000 Jobs—As Major Layoffs Continue Into 2023

Forbes is tracking the biggest layoffs in the U.S. as companies react to fears of a looming recession.

www.forbes.com

Household names, individual stocks. Could be some buys in there.

 

[movetheboat]

Goldman Sachs Will Reportedly Cut More Than 3,000 Jobs—As Major Layoffs Continue Into 2023

Forbes is tracking the biggest layoffs in the U.S. as companies react to fears of a looming recession.

www.forbes.com

Household names, individual stocks. Could be some buys in there.

THANKS FOR THAT LOL