A ‘wave’ of layoffs is coming for $100,000/year white-collar jobs

A ‘wave’ of layoffs is coming for $100,000/year white-collar jobs

Billionaire bond investor Jeffrey Gundlach, the CEO of $135 billion DoubleLine Capital, sees the potential for a “wave of more higher-end unemployment’ hitting white-collar workers making more than $100,000 per year as employers increasingly question the value these employees bring. In 11 weeks, more than 42 million Americans filed for unemployment insurance as the COVID-19 pandemic […]
Stock futures drift higher ahead of Fed meeting

Stock futures drift higher ahead of Fed meeting

Stock futures kicked off the overnight session slightly higher, edging up slightly as market participants awaited the Federal Reserve’s latest monetary policy decision and commentary Wednesday. During the regular session Tuesday, the S&P 500 and Dow fell while the...
Best Buy to reopen 800 stores in the US

Best Buy to reopen 800 stores in the US

Appointment-only shopping at Best Buy (BBY) will soon just become a memory from the dark times of the COVID-19 pandemic. The electronics retailer said in a blog post on Tuesday that it will reopen 800 locations in the U.S. on June 15, minus the need by customers to...
Why Ulta Beauty isn’t going down with the rest of brick and mortar

Why Ulta Beauty isn’t going down with the rest of brick and mortar

Cosmetics retailer Ulta Beauty (ULTA) is positioned to thrive past the pandemic thanks to its “strong competitive position,” says Morningstar analyst David Swartz. “While the firm faces intense competition and is affected by innovation and product cycles in cosmetics,...
May jobs report surprise ‘isn’t solace’ to unemployed workers

May jobs report surprise ‘isn’t solace’ to unemployed workers

Enhanced unemployment benefits are set to expire this summer, even as millions of Americans remain unemployed due to the coronavirus pandemic. Now lawmakers are trying to figure out what to do next.  As part of the CARES Act, lawmakers added an extra $600 per week to...