Tech leads Wall Street rebound after worst day of 2019

lost at least 3% each on Monday, after China let the yuan slide, prompting the U.S. Treasury Department to label Beijing as a currency manipulator.

However, China’s move to fix the yuan at a slightly stronger rate overnight allayed fears of a further escalation in trade war that has been roiling markets since last week when President Donald Trump threatened a new round of tariffs on Chinese imports. “The fact that China stabilized its currency gives investors some hope that this won’t accelerate into a bigger problem,” said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.

“Any positive response by either side that suggests some willingness to negotiate is really going to be taken well by investors.” Trade tensions ebbed also after White House economic adviser Larry Kudlow said Trump was planning to host a Chinese delegation for further talks in September.

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Black Thursday, October, 2019, will 'celebrate' 90 years

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HSBC Adds To The Gloom On Wall Street By Cutting 4,000 JobsA toxic combination of less companies hiring, nearshoring and offshoring jobs, complaints of rampant ageism in the hiring process and the desire of banks to install technology to replace people make it a challenging time for job seekers. On the road again. IsItThatTimeAgain When recession is coming again ? Agism is one of the biggest reasons for this. It is happening across the board. Those 50 plus are being pushed out of their jobs that many spent a lifetime to obtain & have old contracts. They want them out with peeps with new contracts. I am watching it happening in mining.
Source: Forbes - 🏆 394. / 53 Read more »

HSBC Adds To The Gloom On Wall Street By Cutting 4,000 JobsA toxic combination of less companies hiring, nearshoring and offshoring jobs, complaints of rampant ageism in the hiring process and the desire of banks to install technology to replace people make it a challenging time for job seekers. Good. Get them out of the city. Gross. poor baby Wall Street! LOL FOH
Source: Forbes - 🏆 394. / 53 Read more »