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2021-12-01 18:42:29 U.S. economy added 534,000 private-sector jobs in November

This is the third straight month of job gains above 500,000. The data may offer a preview of the Labor Department’s monthly employment report to be released Friday. Economists are forecasting another strong job report in November. According to the Wall Street Journal survey, economists anticipate a gain of 573,000 jobs last month after 531,000 jobs were added in October. The unemployment rate is expected to inch lower to 4.5% from 4.6% in the prior month.

By company size, large businesses added 277,000 private-sector jobs in November while medium businesses, defined as firms with 50 to 499 employees, added 142,000 jobs. Small businesses added 115,000 jobs.

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2021-12-01 18:34:02 Will global air travel be grounded for three months? That’s what oil traders have priced in, says Goldman Sachs

Japan, Israel and Morocco have each put a ban on international travel in the face of the discovery of the new, perhaps more contagious variant of coronavirus.

But the oil market has priced in a far steeper reduction to air travel. According to strategists at Goldman Sachs, the market has priced in what they say is a mammoth 7 million barrels of oil a day reduction in demand over the next three months, with no offsetting response in production from the OPEC+ oil cartel.

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2021-11-30 16:20:10 Selling losing stocks now is a smart tax move. Buying them back before January is even smarter

You only have a couple more days to profit in two different ways from tax-loss selling.

I’m referring to the sale of stocks you’re holding at a loss in order to offset the capital gains you have previously realized so far this year, and on which you will otherwise have to pay tax this coming April.

The second opportunity to profit traces to the tendency of stocks sold in December to bounce back in the New Year. You may therefore want to get back into the stocks you sold by the end of the year.

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2021-11-30 16:11:12 JPMorgan’s S&P 500 forecast for 2022 is among the most bullish on Wall Street. Here’s the biggest risk it sees for stocks.

“There is no world, I think, where (the effectiveness) is the same level…we had with delta,” he told the Financial Times, adding that “all the scientists I’ve talked to…are like ‘this is not going to be good.'”

Indeed, the show must go on, with Wall Street banks continuing to churn out forecasts for the coming year. In our call of the day, JPMorgan predicts a 5,050 finish in 2022 for the S&P 500 SPX, +1.32%, which matches RBC’s forecast and looks among the most optimistic on Wall Street so far.

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2021-11-29 17:57:27 BREAKING: Bitcoin Proponent Jack Dorsey Stepping Down as Twitter CEO

Jack Dorsey is expected to step down as CEO of Twitter “in the near term,” according to CNBC’s David Faber, who cited “a number of different people familiar with the situation.” Faber said he doesn’t “know much else” beyond that and wasn’t sure who might be brought in to replace him. The Verge has reached out to Twitter for comment.

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2021-11-28 18:15:42 Here’s what the Black Friday carnage may mean for the stock market’s trade Monday, analysts say

The new, fast-spreading B.1.1.529 strain of coronavirus declared a variant of concern by the World Health Organization roiled global markets on Black Friday, raising concerns about how the economy and Wall Street may perform in the coming week, following a selloff that wiped out November gains for the S&P 500 index SPX, -2.27% and the Nasdaq Composite COMP, -2.23% and sent the Dow Jones Industrial Average DJIA, -2.53% down by the most in a day since Oct. 28, 2020.

In theory, Friday’s post-Thanksgiving environment is traditionally lightly traded and therefore more susceptible to outsize price swings.

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2021-11-28 18:11:40 If you’re wary, here are 3 ways to get into crypto without actually buying it

If you want to join the party, but reduce your risk

Cryptocurrencies are inherently cryptic — it’s right there in the name. And if you follow Warren Buffett’s advice to never invest in businesses you can’t understand, it may be hard to justify investing in a currency made of math instead of gold.

The excitement surrounding digital currency may leave some investors feeling like the lonely kid at the pool party, wanting to join their friends having fun in the deep end, but too nervous to jump in.

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2021-11-27 19:18:24 2021 Crypto Literacy Report Suggests 96% of Americans Fail to Comprehend Basic Crypto Knowledge

A recent study suggests that 99% of people from Mexico and Brazil and 96% of Americans fail to grasp the basic concepts of cryptocurrencies. Out of all the survey respondents aware of bitcoin, 17% in the U.S., 15% in Brazil, and 14% in Mexico own the crypto asset. The report published by cryptoliteracy.org further explains that 9 out of 10 survey respondents did not know that Bitcoin’s supply is capped off at 21 million.

50% of Americans advised they would utilize crypto as a way to save for the future. Younger generations are nearly three times more likely to use crypto as a means of payment than older generations who see it more as an investment.

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2021-11-27 15:55:13 ‘Financial Inclusion’ — A Buzzword for Central Banks Who Secretly Despise Economic Freedom

The World Economic Forum (WEF) has released its latest report on “digital currency governance” this month, addressing stablecoins, cryptocurrencies, and “barriers to financial inclusion.” Like most central banks, regulators, think tanks, and politicians, the WEF publication gives lip service to the power of crypto, but never addresses the elephant in the room: instead of actual access to the utility cryptocurrencies already freely provide, the “unbanked” and impoverished individuals of the world are forced to use a co-opted, fiat 2.0.

Financial inclusion is a complex global problem that existing systems and offerings have so far failed to solve.

"Freedom for Me, Compliance for Thee"

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2021-11-25 20:29:40 The Economy Delivers Some Good News Ahead of Thanksgiving

The nation’s gross domestic product increased at an annual rate of 2.1% in the third quarter, slightly above the prior estimate of 2%, according to the second reading from the Bureau of Economic Analysis released Wednesday.

Meanwhile, a measure of inflation closing followed by the Federal Reserve was unchanged in the second estimate issued Wednesday.

The economy continues to register a strong performance in the fourth quarter following a slowdown in the third quarter brought on by the stubbornness of the delta variant of the coronavirus, worries over inflation and shortages of labor and key materials. Some of those pressures appear to be easing, while consumers have continued spending even while saying they are more pessimistic about the economy.

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