Author: News Room

The number of people working more than one job is on the rise. Multiple jobholders reached 8,137,000 in March, or 5.1% of the total employed population, according to the latest data from the Bureau of Labor Statistics. That’s up from close to 7.5 million people during the same period last year, or 4.7% of the total employed population.  But the March level was still lower than the pre-pandemic level of 8,181,000 million in February 2020 at 5.2% of the total employed population.  Among those holding multiple jobs, the number of people working their primary job full-time while taking on a…

Gold prices are trading this week just a stone’s throw away from their all-time settlement high, but the move above the key $2,000-an-ounce mark was a long time in the making. What’s surprising is how long gold has spent “trying to establish itself above the $2,000 level,” George Milling-Stanley, chief gold strategist at State Street Global Advisors, told MarketWatch. Aside from last year, prices were above that on an intraday basis in 2020, and “the macroeconomic and geopolitical background has been very favorable for gold for over a year.”  With inflation at a 40-year high and “stubbornly resistant” to the…

U.S. stocks finished mostly higher on Monday, with the S&P 500 eking out a slight gain in the final moments of trading, as investors returned from a three-day weekend to the start of a busy week for data and the first-quarter earnings season. How stocks traded The Dow Jones Industrial Average DJIA, +0.30% finished up by 101.23 points, or 0.3%, at 33,586.52, its third straight session of gains. The S&P 500 SPX, +0.10% advanced 4.09 points, or 0.1%, to 4,109.11 in the final minutes of trading, after being lower for much of the day. The Nasdaq Composite COMP, -0.03% ended…

Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues Ad never loaded Ad prevented/slowed the page from loading Content moved around while ad loaded Ad was repetitive to ads I’ve seen previously Other issues Read the full article here

The biggest blank cheque company in Europe, backed by LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier, is set to be wound up after failing to find a target in the financial services sector.Pegasus Europe has announced that it will cease operations and is preparing to return capital to its investors at the beginning of May, subject to approval by shareholders. “The company will not conclude a business combination ahead of the deadline of May 3 2023 [and therefore] the co-CEOs of the company have recommended . . . that the dissolution and liquidation of the Company will be proposed during…

Introduction QuinStreet (NASDAQ: QNST) is in a precarious situation for both the company and the stock. As it currently makes a growing loss and declining revenues, it is bizarre to find that the company is trading higher than it was when it had better fundamentals and some flattened growth year-over-year. Company Profile QuinStreet is a marketing company that targets the financial space and home services. While they have a few products, notably their customer acquisition (or performance marketing) services and QuinStreet Rating Platform (QRP). However, since their most recent 10-K filing places more emphasis on their marketing business and it…

Watch full video on YouTube

Shiba Inu (SHIB), the dog-meme-inspired ERC-20 token that powers the Shiba Inu web3 ecosystem, has had a higher market capitalization than Tron (TRX), the cryptocurrency that powers the Tron blockchain protocol, since mid-March.This partially reflects suppression of the TRX price owing to news last month that the US Securities and Exchange Commission (SEC) is going after the Tron blockchain’s founder Justin Sun over alleged securities fraud.Shiba Inu last had a market capitalization of around $6.5 billion, while Tron’s was closer to $6.0 billion.That makes the two cryptocurrencies the 14th and 15th largest in the world by market capitalization respectively, according…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. In an unusual coincidence, the US jobs report was released on a holiday Friday — meaning stock markets were closed when the closely-watched economic data came out. It was the first monthly payroll report since Silicon Valley Bank and Signature Bank collapsed. It also marked a full year of jobs data since the Federal Reserve began hiking interest rates in March 2022. While…

We believe UPS stock (NYSE: UPS) and its peer FedEx stock (NYSE: FDX) will offer similar returns in the next three years. Although UPS is trading at a comparatively higher valuation multiple of 1.6x trailing revenues than 0.6x for FedEx FDX , this valuation gap is justified, given the former’s superior revenue growth, profitability, and financial position. Looking at stock returns, FedEx, with 33% returns this year, has fared much better than UPS stock, up 9%, and the broader S&P500 index, up 7%. There is more to the comparison, and in the sections below, we discuss the possible returns for…