Tuesday, May 2, 2023

May 2, 2023 - The stock market is poised for a sell-off as an overly hawkish Fed could dash hopes for interest rate cuts, Morgan Stanley's Mike Wilson says

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TradeBriefs Editorial

From the Editor's Desk

How Tech Is Transforming Entry-Level, Customer-Facing Jobs

Leaders have long focused on traditional talent management strategies. But as they make progress on their automation efforts and face a competitive labor market, these strategies are no longer sufficient. Leaders must shift their focus towards enabling customer-facing employees with technology, allowing them to broaden their talent pool and better support the employees they are able to attract. And, because a dollar invested in technology stays even as a dollar invested in people can leave, leaders can retain more of their investment in the face of high attrition. Therefore, technology must sit at the heart of future talent strategies — doing so will reset the bar for entry level talent.

From sales and customer service, to retail and hospitality, employers in customer-facing functions are facing a challenging labor market. In fact, there are more job openings than candidates, so high-quality talent is in high demand but short supply. High inflation is also leading to higher wage expectations, making it harder for employers to make competitive offers to job seekers.

Continued here


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The stock market is poised for a sell-off as an overly hawkish Fed could dash hopes for interest rate cuts, Morgan Stanley's Mike Wilson says  
The stock market is poised for a sell-off as an overly hawkish Fed could dash hopes for interest rate cuts, Morgan Stanley's Mike Wilson says
While inflation remains elevated and the economy continues to stay resilient, cracks are appearing that could give the Fed pause in continuing with its aggressive interest rate hike policy, including the collapse of three US banks over the past two months.


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Serena Williams Announces She’s Expecting Baby #2 In The Most Subtle Way  
Serena Williams Announces She’s Expecting Baby #2 In The Most Subtle Way
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Michigan clerk who denies election results faces recall in divided county  
Michigan clerk who denies election results faces recall in divided county
Randy Johnson, who is running to replace township supervisor Mark Nichols – an ally of Scott – said he had gotten a threatening call in the middle of the night. “I got a phone call Friday at midnight, by someone who would not identify themselves,” said Johnson. “He did tell me he knew where I lived and he called me a lot of dirty words.”


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Nick Kyrgios's Tesla allegedly stolen from mother at gunpoint - tennis star uses app to track car for police  
Nick Kyrgios's Tesla allegedly stolen from mother at gunpoint - tennis star uses app to track car for police
The man appeared in the Australian Capital Territory magistrates court on Tuesday. The Canberra Times and ABC reported that he had been denied bail by the magistrate Glenn Theakston and would return to court later this month.




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Coinbase Insiders Sued for Dumping Stock, Saving $1 Billion  
Coinbase Insiders Sued for Dumping Stock, Saving $1 Billion
The so-called derivative complaint filed on the company’s behalf seeks the return of “ill-gotten gains” from Armstrong and Andreessen, along with President Emilie Choi, Chief Financial Officer Alesia Hass, Chief Accounting Officer Jennifer Jones and former Chief Product Officer Surojit Chatterjee and board members Frederick Ersham, Fred Wilson and Kathryn Haun.


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3 “Strong Buy” Stocks With Short Squeeze Potential  
3 “Strong Buy” Stocks With Short Squeeze Potential
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.




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Palestinian Khader Adnan dies in Israel jail after 87-day hunger strike  
Palestinian Khader Adnan dies in Israel jail after 87-day hunger strike
The government says the controversial tactic helps authorities thwart attacks and hold dangerous militants without divulging incriminating material for security reasons. Palestinians and rights groups say the system is widely abused and denies due process, with the secret nature of the evidence making it impossible for administrative detainees or their lawyers to mount a defence.


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Russia-Ukraine war at a glance: what we know on day 433 of the invasion  
Russia-Ukraine war at a glance: what we know on day 433 of the invasion
Volodymyr Zelenskiy has spoken to New Zealand’s prime minister, Chris Hipkins. Ukraine’s president said the pair discussed “further cooperation on defence and humanitarian issues” and “the need for further consolidation of the countries of the Pacific region in supporting Ukraine.”




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Volunteering in sharp decline in England since Covid pandemic  
Volunteering in sharp decline in England since Covid pandemic
Prof Matthew Flinders from the University of Sheffield’s politics department agreed. “The challenge is to sustain the energy, the positive heat that is generated for the longer term,” he said. “Otherwise the Big Help Out will just be a flash in the pan.”


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The skills gap is so big that nearly half of workers will need to retrain this decade. These 10 skills are most in demand  
The skills gap is so big that nearly half of workers will need to retrain this decade. These 10 skills are most in demand
More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from homeLooking to make extra cash? This CD has a 5.15% APY right nowBuying a house? Here\'s how much to saveThis is how much money you need to earn annually to comfortably buy a $600,000 home




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Hollywood writers to strike, triggering TV shutdowns amid streaming disruption  
Hollywood writers to strike, triggering TV shutdowns amid streaming disruption
Further ahead, the strike could lead to a delay of the fall TV season. Writing for fall shows normally starts in May or June. If the work stoppage becomes protracted, the networks will increasingly fill their programming lineups with unscripted reality shows, news magazines and reruns.


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David Olusoga to receive Bafta special award for contribution to TV  
David Olusoga to receive Bafta special award for contribution to TV
“He represents the best of what television can do: its power to inspire, educate and challenge. David has made our industry and society a better place, and this Bafta special award couldn’t be more deserved.”




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The U.S. could hit the debt ceiling by June 1, much sooner than expected, Yellen warns  
The U.S. could hit the debt ceiling by June 1, much sooner than expected, Yellen warns
The Goldman Sachs estimate noted that so far there have been few ripples in the markets from the rising risk of a debt default. But this could change, analysts wrote, \"once the Treasury announces a specific deadline for Congress to raise the debt limit.\"


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Apple escapes a trade secret verdict over a key smartwatch feature that could have cost the company as much as $1.85 billion  
Apple escapes a trade secret verdict over a key smartwatch feature that could have cost the company as much as $1.85 billion
© 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.




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Many Europeans want climate action - but less so if it changes their lifestyle, shows poll  
Many Europeans want climate action - but less so if it changes their lifestyle, shows poll
And asked what they thought of a ban on fossil fuel cars, only in Spain and Italy were more people happy with the idea than opposed to it - with the level of opposition in countries such as France and Germany, at more than 60%, almost double the support.


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Banking in the metaverse? A.I. could be about to change the way you manage your money  
Banking in the metaverse? A.I. could be about to change the way you manage your money
\"The best solutions will involve automating those things that can be automated, providing human support where it can add real value, and empowering people with the information and support they need to make the best possible financial decisions,\" she concluded.




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Oil major BP reports drop in first-quarter profit on weaker commodity prices  
Oil major BP reports drop in first-quarter profit on weaker commodity prices
Last week, French oil major TotalEnergies kicked off Big Oil\'s earnings season with first-quarter results in line with analyst expectations. The company reported a 27% drop in net income to $6.5 billion through the first three months of 2023, partly due to lower fossil fuel prices.


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TV and movie writers' strike will hit late-night shows and 'Saturday Night Live' first  
TV and movie writers' strike will hit late-night shows and 'Saturday Night Live' first
© 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.


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'They can survive just fine': Bernie Sanders says income over $1bn should be taxed at 100%  
'They can survive just fine': Bernie Sanders says income over $1bn should be taxed at 100%
On Friday, Sanders told Wallace that he believes "people who work hard and create businesses should be rich", but the concept of some being billionaires offended him deeply when a half-million Americans are homeless and 85 million of them cannot afford to buy health insurance.


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A$AP Rocky Literally Jumped Through A Met Gala Crowd — And We're All Still Confused  
A$AP Rocky Literally Jumped Through A Met Gala Crowd — And We're All Still Confused
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Vice Media reportedly preparing to file for bankruptcy  
Vice Media reportedly preparing to file for bankruptcy
Vice Media was among a group of fast-rising digital media ventures that once commanded rich valuations, as they courted millennial audiences. It rose to prominence alongside its provocative co-founder, Shane Smith, who built his media empire from a single Canadian magazine.


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UK house prices rise for first time in eight months  
UK house prices rise for first time in eight months
“Price declines are bottoming out and many buyers have accepted the new normal for mortgage rates as stability returns to the lending market. Boosted by savings accumulated during the pandemic, record levels of housing equity and a strong jobs market, activity has been solid without being spectacular this year. Supply is rising, which will increase downwards pressure on prices but the market is returning to Earth rather than falling off a cliff.”


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Ann Lai says she was fired from Bullpen Capital after helping deliver a $145M fund  
Ann Lai says she was fired from Bullpen Capital after helping deliver a $145M fund
If you have a tip or lead about other personnel shake ups in the venture world, you can reach Natasha Mascarenhas on Twitter @nmasc_ or on Signal at +1 925 271 0912. Anonymity requests will be respected.  


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Vice Media reportedly headed for bankruptcy  
Vice Media reportedly headed for bankruptcy
It rose to prominence alongside its provocative co-founder, Shane Smith, who built his media empire from a single Canadian magazine. One of Vice’s other co-founders, Gavin McInnes, is now better known as the founder of the Proud Boys, a far-right group whose leaders are now facing seditious conspiracy charges for their actions during the January 6 insurrection in Washington.


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Russia-Ukraine war live: 100,000 Russian troops killed or injured in eastern offensive failures, says US  
Russia-Ukraine war live: 100,000 Russian troops killed or injured in eastern offensive failures, says US
Volodymyr Zelenskiy has spoken to New Zealand’s prime minister, Chris Hipkins. Ukraine’s president said the pair discussed “further cooperation on defence and humanitarian issues” and “the need for further consolidation of the countries of the Pacific region in supporting Ukraine.”


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Lending mortgages to rich Silicon Valley home buyers was part of First Republic Bank's DNA—and helped contribute to its collapse  
Lending mortgages to rich Silicon Valley home buyers was part of First Republic Bank's DNA—and helped contribute to its collapse
© 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.


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CNN Says Trump To Appear In New Hampshire Town Hall  
CNN Says Trump To Appear In New Hampshire Town Hall
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Australia to ban recreational vaping in e-cigarette crackdown  
Australia to ban recreational vaping in e-cigarette crackdown
Britain said in April up to one million smokers would be encouraged to swap cigarettes for vapes, in what was a world first, offering financial incentives for pregnant women and providing e-cigarette starter kits to help.


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Europe warily eyes security implications of a protracted conflict in Sudan  
Europe warily eyes security implications of a protracted conflict in Sudan
For now the situation remains ambiguous, amid reports that Wagner has offered the RSF rebels weapons, but Hemedti has turned the mercenaries down. Wagner, through a subsidiary, is already involved in goldmining in the county, the EU said in February as it levied sanctions on subsidiaries of the group.


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Aboriginal protesters evicted by police after camping out for years at Deebing Creek development site  
Aboriginal protesters evicted by police after camping out for years at Deebing Creek development site
“There are two Indigenous groups who both have different accounts of the cultural history of this site, making it extremely difficult for council to navigate this complex issue,” Harding said.


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'They don't know how they are viewed here': Russians in Georgia revive old tension  
'They don't know how they are viewed here': Russians in Georgia revive old tension
"To us, all Russians are soldiers, whether they're carrying guns or whether they're carrying their money and soft power," said Lapauri. "Just by being here, they bring us more dependency on Russia. We suffered a lot to free ourselves from Russian dependency, and now it's coming back."


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Striking nurses 'not going away', says RCN, as other unions meet over pay offer  
Striking nurses 'not going away', says RCN, as other unions meet over pay offer
Earlier on Monday, speaking about the offer and the decision by RCN members to reject it, Cullen told Good Morning Britain: "There were some elements of the pay offer that were attractive to our ruling council, for example around safe nurse staffing policy work that's required in order for us to be able to move to a place where we have safe nurse staffing legislation in place.


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Scott Morrison's reported links to UK defence job shows lobbying reforms needed, integrity experts say  
Scott Morrison's reported links to UK defence job shows lobbying reforms needed, integrity experts say
"We know that a more than a quarter of major party federal MPs who served in executive government have moved across to peak bodies, lobbying firms or directly into big business in their political afterlife," Moore said. "This creates an unfair playing field and erodes trust in democracy."


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Australia may use defence exchanges with Pacific countries to tackle ADF recruitment crisis  
Australia may use defence exchanges with Pacific countries to tackle ADF recruitment crisis
It concedes “current Defence home ownership benefits are struggling to keep pace with the Australian property market and meet the changing needs of our service personnel and their families”.


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UK supermarkets face calls for 'profiteering' investigation as inflation soars  
UK supermarkets face calls for 'profiteering' investigation as inflation soars
Dickinson said: "We should start to see food prices come down in the coming months as the cut to wholesale prices and other cost pressures filter through. In the meantime, retailers remain committed to helping their customers and keeping prices as low as possible."


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Brittney Griner Celebrates Her Freedom At Her First Met Gala  
Brittney Griner Celebrates Her Freedom At Her First Met Gala
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How business leaders should think about the metaverse in 2023  
How business leaders should think about the metaverse in 2023
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Gordon Lightfoot, Canadian singer-songwriter, dies aged 84  
Gordon Lightfoot, Canadian singer-songwriter, dies aged 84
In 1986, he was inducted into the Canadian Recording Industry Hall of Fame, now the Canadian Music Hall of Fame. He received the governor general’s award in 1997 and was ushered into the Canadian Country Music Hall Of Fame in 2001.




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