redundancies

This recession indicator is close to the point of no return. But stocks historically rally if the Fed cuts and the economy still grows.

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It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX has gained 5% this year, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned Thursday for … Read more

Capital One Job Cuts Signal Trouble for IT Labor Market

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IT positions have largely been seen as insulated from the job cuts that have hit workers at major technology firms like Alphabet Inc. and Microsoft Corp., but the Capital One layoffs affecting 1,100 employees provide an early indication that IT departments are also under scrutiny as companies enact belt-tightening measures amid recession fears. Technology sector … Read more