US Job Openings Drop to Lowest Level in 3.5 Years
The number of U.S. job openings fell last month to the lowest level in roughly three-and-a-half years, a new report from the U.S. Labor Department showed.
The Labor Department on Tuesday reported that job openings dropped to 7.4 million in September, down from 7.9 million the previous month—a steeper decline than economists had anticipated.
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Read MoreUS Consumers Regain Confidence in Economy Ahead of Election
American consumers are displaying a notable boost in confidence in the economy in the days leading up to Election Day, according to a business research group.
What the Data Shows
According to the latest data from the Conference Board on Tuesday, the consumer confidence index surged to 108.7 in October, up from 99.2 in September.
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Read MoreNASA says agency generated $75.6 billion for US economy last year
NASA released its annual economic impact showing that the agency generated $75.6 billion for the U.S. economy and supported over 304,000 jobs in 2023. The report suggests that for every $1 spent on the agency, it gave $3 in returns.
The state with the most jobs tied to NASA is California.
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Read More4% Mortgage Rates Could Unlock the Housing Market for Most Americans, CNET Survey Finds
Key findings
- Only 4% of US adults would realistically consider purchasing a home at a 6% mortgage rate. But if mortgage rates fell to 4% or below, half would consider it.
- Roughly three in ten (29%) US adults say there is no mortgage rate that would allow them to realistically consider homebuying or refinancing.
The No-Brainer Warren Buffett Stock to Buy in November Is Wall Street's Most Prominent Reverse Stock Split of 2024
Every year, around 40,000 investors flock to Omaha, Nebraska, for Berkshire Hathaway‘s (NYSE: BRK.A)(NYSE: BRK.B) shareholder meeting. They make this journey for the opportunity to hear CEO Warren Buffett speak about stocks, the U.S. economy, and his investment philosophy.
While investors appreciate Buffett’s open-book approach,
Read MoreThe Burst
Could Dell Rise 43.4%?
Dell has been around for more than 30 years and, in the past, focused mainly on manufacturing computers and other hardware, but recent acquisitions have broadened its offerings to include software, cloud-based services, data protection and more.
Given the uncertain economic climate, concerns loom over whether Dell can thrive? Will it prosper,
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Read MoreThe Ivy
Market Commentary: Is Musk Making a Massive Mistake?
Tesla reported record profits and production in the second quarter of 2023, but its stock price fell 11%. The company’s revenue increased 47% year-over-year to almost $25 billion, and delivered just shy of 900,000 vehicles. However, Tesla’s gross margin fell by almost 7% points from 25% in the previous quarter, due to price cuts.
Tesla CEO Elon Musk said that the company is “
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