The job market is making traders' heads explode

The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street's expectations. But at the same time, a slew of corporate layoff announcements have prompted questions about whether there could be a broad slowdown on the horizon.
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The job market is making traders' heads explode
The labor market ballooned in January when the US economy added an astonishing 517,000 jobs, blowing past Wall Street's expectations. But at the same time, a slew of corporate layoff announcements have prompted questions about whether there could be a broad slowdown on the horizon. Read more »
 
Charlie Munger still likes big banks and hates crypto
Charlie Munger, the 99-year-old vice chairman of Berkshire Hathaway and longtime friend and business associate of Warren Buffett, said that he's still a fan of many big bank stocks, even as Berkshire Hathaway has trimmed its top financial holdings. He also stepped up his long-time criticism of cryptocurrencies. Read more »
 
Elon Musk donated $1.9 billion of Tesla stock to charity last year
Tesla CEO Elon Musk gave 11.5 million shares of his stake in the electric automaker to an undisclosed charity last year, shares worth about $1.9 billion at the time they were donated. Read more »
 
Barclays shares plunge 10% as profit falls
Shares of Barclays tumbled nearly 10% Wednesday after the British bank reported a sharp drop in profit, driven by increased provisions for bad debts and huge fines for wrongly sold securities in the United States. Read more »
 
FAA chief gets grilled by Congress for recent airline groundings and safety concerns
After a wave of recent aviation safety incidents, including a couple near collisions and a nationwide groundstop, Congress will grill the head of the Federal Aviation Administration to determine how the US government plans to keep passengers and crews safe. Read more »
 
Tuesday Morning files for bankruptcy
Tuesday Morning, the discount home goods retailer, filed for Chapter 11 bankruptcy protection Tuesday, its second bankruptcy in three years. Read more »
 
 
 
 
Dow Nasdaq S&P
+38.78   +110.45   +11.47
34,128.05   12,070.59   4,147.60
+0.11%   +0.92%   +0.28%
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Generac Holdings Inc +8.00%
 
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