Here’s what’s happening in the New York City luxury real estate market

Two giant real estate deals were announced in New York City, sparking hope of a potential rebound in luxury Manhattan real estate but a closer look reveals there may be trouble on the horizon. Cody Vichinsky, co-founder of luxury broker Bespoke Real Estate, joins "Squawk Box" to discuss.
Real Estate

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Home flippers hire Uber and Lyft drivers to scout properties in a pricey housing market

Competition is so fierce in the home flipping market that some investors are hiring Uber and Lyft drivers to help them scour a wider territory for possible properties.
Real Estate

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The stock market would be much lower if it weren’t for companies buying back their own shares

Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.
Top News & Analysis

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China is driving growth in Asia’s real estate market despite trade war headwinds, report finds

Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows report by JLL.
Real Estate

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Hedge funds up 7 percent in 2019 but struggling in broader market

Hedge funds are gaining steadily this year but still lagging well behind the broader market. The $ 3.2 trillion industry gained 7 percent through April, when the S&P 500 popped 17.5 percent, according to data released Tuesday by Preqin. While hedgies like to blast comparisons between hedge fund performance and the S&P 500, Preqin’s data shows…
Business | New York Post

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Trend Spotting: High Point Market Review

NATIONAL DESIGN EDITOR GLEN PELOSO SHARES SOME OF HIS FAVORITES FROM HIGH POINT MARKET.

High Point Market, also known as the “World Furniture Market,” is a ten day event that showcases the latest and greatest from top furniture manufacturers across North America. As a designer, High Point always brings plenty of inspiration for upcoming projects and offers the perfect opportunity to scout out new products for Grafus Studio as well!

This year has been all about luxurious textures and finishes, improved performance and functionality and of course, bold color! Marble and stone finishes, both real and imitation, add a luxurious look to everything from backsplashes to dinnerware. Gold continues to be the finish of choice for glamorous, sophisticated spaces and this year, we’re seeing a lot of combined gold finishes, mixing a variety of gold shades from rose gold to soft golds for a more dynamic look.

Luxurious fabrics like velvet are also a popular choice, adding a classic touch to upholstery and accessories with high performance fabric options expanding to allow more options even for the toughest situations. Other hot trends at this year’s High Point Market included the use of the color green in various shades and the use of bench seating rather than chairs.

The post Trend Spotting: High Point Market Review appeared first on Home Trends Magazine.

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Genus shares surge on deal to market gene-edited pigs in China

British livestock genetics firm Genus agreed on Thursday to license its know-how on virus-resistant pigs to Beijing Capital Agribusiness Co Ltd, which will seek regulatory approval for the pigs in the world’s biggest pork market.


Reuters: Science News

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Rapid bitcoin rally cheers crypto market investors, others wary

Bitcoin hit its highest level in 10 months on Tuesday, raising hopes among cryptocurrency enthusiasts of greater mainstream acceptance as an escalating U.S.-China trade war roiled global markets, but others urged investor caution.


Reuters: Business News

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The Rest Of The Iceberg: How Sneakers You’ve Never Heard Of Drive The Footwear Market

Old skool to Kohl’s Skool.

Want to buy Vans’ best-selling sneaker? You won’t find it on their website. Or in Vans’ own retail stores. It’s not sold at skate shops or streetwear boutiques. But you can probably grab a pair of Vans “Ward” model in a few minutes, if you know where to look. It’s stocked at mid-market department stores across the country, like J.C. Penney and Kohl’s, and chains like Famous Footwear. And if you know what to look for, you’ll likely start seeing them on feet everywhere.

The reason you may not have noticed the Ward before is that it’s relatively new, and it looks a helluva lot like the Vans Old Skool, one of their classic, vulcanized-rubber-soled designs first released in 1977, and a shoe we’ve recommended before. It has the same “jazz stripe” on the side, a tonal toe cap, canvas/suede construction, and waffle rubber outsole. Some small differences: the Ward features a big label on the tongue and some trim differences where the laces meet the toe.

Mid-Market Designs Drive Dollars

Sneaker companies (and other fashion brands) take steps like creating the Ward to more clearly segment the markets they sell in — they can sell premium and performance shoes with $ 100+ price tags to the consumers who want them, and sell less expensive models at outlets with more price conscious shoppers. I talked with Matt Powell, a Senior Industry Advisor at NPD who analyses the athletic shoe market, and he told me “While the high-price shoes get all the attention, the average price of a man’s shoe in the United States was about $ 70 last year.”

This shouldn’t be totally surprising — the same market segmentation forces are behind the proliferation of “outlets” where brands like J. Crew or Brooks Brothers sell slightly cheaper versions of their main line merchandise.

The Nike Flex Contact.

In the footwear industry, the mid-market has become a major player. In 2018, according to Powell, 4 of the top-10 selling sneakers by revenue were mid-market models, like the Nike Tanjun (a somehow less interesting Roshe Run). The number of pairs of mid-market models sold is likely significantly greater than others on the list of biggest revenue drivers, as the mid-market shoes are cheaper than, say, Jordan retros. To compare to the fashion industry: the runway shows and red carpets get the attention, but brands make their money from sales of sunglasses and perfume.

For Vans, getting shoes like the Ward (which is only barely cheaper than the $ 60-$ 65 Old Skool) into a broader slice of stores may have been key to giant growth over the last few years. Says Powell, “Brands have always understood the importance of mid-market, but have never wanted to share that info, for fear of damaging their brand.”

What This Means for the Sneakers You Like

These mid-market designs generally don’t make a lot of waves with sneaker enthusiasts. I pay some attention to sneaker drops and am not immune to salivating over leaked images of Nike SB samples, and I’d never heard of some of Nike’s top sellers, like the Tanjun, Revolution 4, or Flex Contact (they’re generally trainers that look like the Nike’s Lunar and Free Run  models from a few years back). An exception is the Air Monarch, which rode a dadcore wave a couple years back to newfound relevance — a 2000s design, the Monarch also sold mostly through chains that shoppers may identify with value and ease rather than hype or performance.

Nike’s Ebernon, the near-beer version of a Dunk or Jordan I.

The growth of the market is a trend in itself and may be driving others. Sales of performance basketball and running shoes are down overall. One theory is that people lean toward the leisure part of athleisure: they want the look of performance-oriented shoes but don’t really care about the tech or pro athlete endorsements that brands have built marketing campaigns on in the past. Or the look of skate shoes, in the case of Vans, but aren’t watching every Epic’ly Later’d episode to catch a glimpse of Julian Stranger’s Old Skools.

I’m not suggesting these shoes are trying to trick people into thinking they’re buying shoes they’re not, as my parents did when I got L.A. Gear Regulators rather than Reebok Pumps back in the day (not holding a grudge). But as consumers gravitate away from models that promise authenticity and performance, is there a risk brands won’t continue to invest in designs oriented that way? In other words, does making a watered-down Jordan necessitate having a Jordan in the first place, or will we settle for the middle as long as it has a swoosh or jazz stripe?

The post The Rest Of The Iceberg: How Sneakers You’ve Never Heard Of Drive The Footwear Market appeared first on Put This On.

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Ford passes Tesla in market cap: Wall Street warms to 116-year-old car maker, doubts Musk’s future

Ford's big gains after its first-quarter earnings led the 116-year-old automaker to pass the market capitalization of Elon Musk's struggling electric-car maker, Tesla. The value of Tesla shares has fallen roughly 30% this year.
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Fly me to the moon: Germany eyes slice of lucrative space market

BERLIN Reuters) – Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth $ 1 trillion a year by the 2040s.


Reuters: Science News

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Chipmaker ASM beats first-quarter targets, sees market outperformance in 2019

Dutch semiconductor supplier ASM International on Wednesday reported first-quarter revenue of 249 million euros ($ 278.5 million) and an order intake of 235 million euros, both exceeding its own expectations.


Reuters: Technology News

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Talking money with Suzy Welch: ‘You don’t have to be an expert to get into the market’

Investing is a great way to grow your money, but the fear of not knowing enough about the market and losing money tends to scare people off. But life management expert Suzy Welch says you don't need to be an expert to win big.
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Prada Dives Into Chunky Shoe Market With Pegasus Sneaker

Though the Italian house’s Cloudbust sneaker is one of the more popular sleek sneakers in the luxury market, Prada is preparing to embrace the chunky footwear trend with a new silhouette. Dubbed the “Pegasus,” the towering shoes are not only Prada’s clunkiest kicks on the market, but might be one of the biggest pairs of shoes on the market altogether.

Several newcomers have recently dipped their toes into the clunky sneaker market, including New Balance and UGG, proving that the trend has legs beyond what even insiders believed. Prada stepping up to the plate is a sign that even with shifting tastes, there’s always room for sky-high shoes, particularly in the women’s market (the Pegasus is a women-only shoe for now).

Offered in a bevy of neutral tones, the low- and high-top variations of the Pegasus all sport contrasting leather panels on the upper with a hefty treaded sole in black or translucent tones. Layered white midsoles boost the shoes by several inches, with tonal black versions reimagining the entire model in one shade. The high-top version adds a shin-high suede and leather shaft, with metal buckle closure and the same layered diamond laces seen on the low-top iterations.

Look for Prada’s site and boutiques to carry the women’s Pegasus sneaker in mid-May.

We recently took a closer look at Prada’s wintertime balaclava hood accessory.

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Prada (プラダ) のポップアップストアが伊勢丹新宿店にて開催、ボリュームソールのスニーカーが世界先行発売へ Prada Opens New Pop-Up Store At Isetan Shinjuku . . Prada (プラダ) がレディススニーカーのポップアップストアを伊勢丹新宿店にて開催する。 会期は、3月27日から4月2日まで。 . . 今回のポップアップストアで注目したいのは、存在感抜群の新作スニーカー。 . トレッキングシューズから着想を得たという新鮮なボリュームソールのスニーカーが世界に先駆けて伊勢丹新宿店に登場する。 . ソールのボリューム感とトレッドソールのバランスが独特なデザインのスニーカーは、4種の異なる形状のソールを成型し一体化させた新開発のラバーソールを採用。 . ホワイト×イエローとブラック×ピンクの日本限定色もお目見え。 . 大人気のボリュームソールだけに、誰よりも早く Prada の新作を手に入れてみてはいかがだろうか。 . . ———————— . BRAND ‣ ‣ ‣ PRADA ( @prada ) . { Information } ‣イベント名:伊勢丹新宿店 2F シューズポップアップストア ‣会期:2019年3月27日(水)~4月2日(火) ‣会場:伊勢丹新宿店本館 2 階=婦人靴/プロモーション ‣住所:東京都新宿区新宿3-14-1 ‣問い合わせ先:プラダ クライアント サービス 0120-45-1913 . ‣ Mahana Hosoda ( @manaha_hosoda ) #TheFashionPost #TFP

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Good News In The Stock Market: How You Can Take Advantage

What’s the good news in the stock market?

I am happy to join Money Monday this morning with good news, and that is not an April Fool’s joke. On Friday, the US markets closed out a great quarter. The S&P 500 rose 0.7% to 2834.4, closing out the quarter up 13% for the quarter, its best showing since 2009. The Dow Jones Industrial Average on Friday hit 25928.68, finishing up 11% over the last three months. And the Nasdaq Composite added 16% since January 1, topping 7729. And the Russell 2000 – an index of smaller market cap companies – has its best start of the year since 1991. Overall, investors have a lot to smile about so far this year.

What is behind this investor optimism?

There are a few factors that contributed to the first quarter rally. First, stocks were down sharply at the end of 2019, and many believe the selloff might have sharper than the economic news warranted. Second, investors are reacting positively to the Fed decision, along with other central banks, to pause additional interest rate hikes as the economy has shifted down a gear. The markets are also rallying around the fact that the US economy remains a bright spot in the global economy. Brexit is shaking the UK and Germany’s economy – the biggest in the European Union – has slowed dramatically. China’s growth has cooled as well. So, while the economy here at home isn’t breaking records, it is steady, and that has helped to boost investor confidence.

Is it just select sectors that are giving the markets a boost?

No. Over the past three months, we have seen good news out of all sectors. In fact, all 11 sectors of the S&P 500 sectors kicked off the first quarter higher. That is something we have not seen in 5 years. Now, this is not to say some didn’t do better than others. The tech sector and energy companies started 2019 particularly strong. But we did see gains across the board in Q1.

Are there any clouds on the horizon? Can the bull market continue?

There are some concerns that are weighing on investors’ minds. First, how much has the US economy downshifted? We have seen consumer confidence soften, and with it, consumer spending, which is up slightly after being down at the end of 2018. The Bureau of Economic Analysis also revised GDP growth down to 2.2% from the initial estimate of 2.6% in the final three months of 2018. Many also believe the stimulus effects of the corporate and individual tax cuts are wearing off. Finally, some are concerned about the recent divergence between the stock and bond market yields. They typically rise together when investors are confident.

That said, there is no way of knowing what is around the corner! Perhaps Brexit comes to a quick resolution, or that the US and China reach an agreement to end the trade war. We could see investors continue their optimist streak. And the end of the day, trees don’t grow to the sky, and there will be a correction. We just don’t know when that will be. You simply cannot predict the future.

As we celebrate a strong quarter, what should we keep in mind for our portfolio?

As you know, at Ariel we believe slow and steady wins the race. The best thing you can do is to consistently save and contribute to your retirement and take a long-term view. Do not try to time the market. And remember, never be afraid to ask questions. If the ups and downs of the past few months make you nervous, I would encourage you to speak with your financial advisor or the company that manages your retirement account. You can never have enough information, Tom, and the beginning of the year is as good a time as any to review your retirement account and ensure remain on track.

 


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How To Ensure a Quick Sale in a Competitive Market

Spring is the busiest season in the real estate market and in some areas, it can be quite a competitive time to sell your home with more homes on the market and more buyers looking to purchase. With more buyers, this season can mean a faster sell and a higher selling price provided you take the steps to ensure your home is in move-in-ready condition to attract the right buyers and encourage higher offers!

Get a Professional Opinion

No matter how objective you try to be, the reality is that your view of your home is colored by your own experiences, your personal style and your lifestyle needs which may not match the needs of your prospective buyer. Enlist the help of your realtor and a professional home stager. They can give you insight into the type of buyer that will be interested in your neighborhood, suggest updates and styles that will appeal to that audience and point out flaws that you may have overlooked but that potential buyers will notice.

Focus On Key Areas

There are some areas of the home that will affect the resale of your home more then others. Curb appeal – or the exterior of the home – is a good place to start. If your home looks outdated, dirty or in need of repair, you likely won’t make it past the initial drive-by, let along score a viewing with most buyers. Replace or repair damaged siding, windows, shingles and the like. Clean up the yard and outdoor living spaces. Apply a fresh coat of paint in a modern color to the exterior and any outbuildings, decks, fences or other structures if needed.

With your curb appeal intact, the next step is to ensure the interior of your home is ready to impress as well. It is important to stage each room: a fresh coat of paint in a neutral color, de-cluttering, proper furniture placement and the like can make a huge difference without a huge cost.

The two rooms in the house that should get the most of your attention and budget are the kitchen and bathrooms. If these areas are out of date or need repairs, potential buyers will see that as a major expense and a lot of work. Ensuring these rooms are up to date with modern styles and popular features is an important step to ensure your home stands out and receives top offers. If funding those types of updates out of pocket isn’t an option, a home equity loan can allow you to access the funds to complete the updates and then pay back the balance once the home sells.

Don’t Hide… Repair

It can be tempting to hide defects instead of repairing them. From placing a potted plant over a stain in the carpet to hiding structural issues from potential buyers, it’s always better to do the work in advance. Hiding larger problems like a cracked foundation or a broken central air unit can result in legal action and huge costs for you later on and hiding smaller things like stains or broken items is often ineffective. Potential buyers can be very picked, looking inside drawers, closets, cabinets, under furniture and more. Finding one small hidden problem will tell that that they may find many more that they haven’t seen yet and will actually lower their perceived value of your home. It is always better to repair before you list and if funding is an issue, this is another situation where a home equity loan can be the answer, allowing you to sell your home for a higher value and potentially saving you from legal issues down the road.

Avoid High Maintenance Features

Not all updates are considered equal. While updating your kitchen or bathroom to a more modern style will help increase the value of your home, here are some updates that will actually make it harder to sell. In particular, updates that require a lot of time or cost to maintain and aren’t common to the neighborhood should be avoided. For example, if you live in a neighborhood where every home has a pool, chances are potential buyers will be looking for one. But, if you live in a neighborhood where a pool isn’t common place, potential buyers may be turned off by the cost of maintaining a pool and this can actually hurt the ability to sell your home quickly! If you’re not sure, speak to your real estate agent or home stager before undertaking costly updates to ensure they will offer a good return on investment.

The post How To Ensure a Quick Sale in a Competitive Market appeared first on Home Trends Magazine.

Home Trends Magazine

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Real estate in the UK is a ‘two-speed market’: Knight Frank

Andrew Hay of Knight Frank says buyers are waiting for the moment of "maximum opportunity" to get best value in the residential property market in the U.K. He also says that this "moment" could be "quite close."
Real Estate

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How Eli Lilly’s new generic insulin could impact prices across the market

The list price is $ 137.35 per vial.
ABC News: Health

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New FDA policy could get some flavored e-cigarette products pulled off the market

The US Food and Drug Administration released a policy draft Wednesday aimed at preventing e-cigarette products from getting into kids’ hands. The result could be that some flavored products are taken off the market.


CNN.com – RSS Channel – Health

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Free-agent frenzy? How active all 32 NFL teams will be in the market

Which teams will go after Le’Veon Bell or be the most aggressive when the market opens next week? NFL Nation breaks down what to expect from every team.
www.espn.com – NFL
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U.S. senators press for Huawei to be excluded from solar power market

A bipartisan group of
senators on Monday urged the U.S. government to block Huawei
Technologies Co Ltd from supplying solar energy
generators just as it has acted to keep the Chinese giant out of
the U.S. telecommunications network.


Reuters: Company News

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Chinese real estate is a ‘two-speed market’: Portwood Capital

Peter Churchouse of Portwood Capital says property prices in China's tier three and tier four cities have bounced "very strongly" over the past year, whereas the country's tier one and high tier two cities have been "pretty flat."
Real Estate

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PayPal CEO predicts digital payments industry will mature into a $100 trillion market

"We live in the space of digital commerce and digital commerce is exploding still around the world … and we're riding that wave," PayPal CEO Dan Schulman says.
Economy

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Aging Americans are a big market for tech investors, who also want to track their parents

Techies are finding new uses for consumer devices to help monitor their aging parents, who are increasingly opting to live independently.
Health and Science

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Qatar’s real estate market faces reality check ahead of World Cup

Qatar’s Doha Tower, a spike-tipped cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide real estate boom, but today about half of its 46 floors are empty.


Reuters: Business News

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The fate of the market this year could be in the hands of the ‘Powell Put’

In a Fed connotation, a put would be a point at which Powell would not let the market fall below before he steps in with more stimulus.
Economy

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NYC orders restaurants to stop serving weed-related CBD, threatening booming market

New York City's health department said restaurants in the city "are not permitted to add anything to food or drink that is not approved as safe to eat."
Health and Science

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Economist Ed Lazear: The stock market is the best economic indicator and it’s signaling caution

"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.
Economy

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America’s richest are losing confidence in the stock market

The rich and famous want out of this volatile market. America’s wealthiest people have lost investing confidence — and they may be right on the verge of a flight to the safety of CDs and other cash products as market losses mount, with a staggering $ 13 trillion estimated by ET Intelligence Group to have vanished…
Business | New York Post

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Health-care stocks are a way to ride this market comeback, Charles Schwab chief strategist says

The S&P 500's 3 percent rally thus far in 2019 is "pretty decent," but the odds of it being long-term are "relatively slim," says Liz Ann Sonders.
Health and Science

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Market turmoil raises the stakes for Trump’s competing China negotiators Mnuchin and Lighthizer

As the U.S. and China race to meet a March 2 deadline to reach a trade deal, the ideological divide between the White House's two trade camps, led by Lighthizer and Mnuchin, has taken on a new significance.
Politics

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The winners and losers of the 2018 stock market

Believe it or not, there are some diamonds in the rough of the 2018 stock market. And some pretty big names, to boot. Here’s a breakdown of the storied winners and losers as the major indexes hovered around bear market territory:  Longtime laggard Chipotle Mexican Grill, known for being peppered in past years amid food…
Business | New York Post

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Stock market ends turbulent week on a low note

Wall Street was reaching for the Dramamine Friday in a bumpy trading session that saw major indices dip in and out of negative territory. The Dow Jones industrial average closed down 76.42 points — or 0.3 percent — at 23,062.40 after gaining as much 243 points in earlier trades. Friday’s close capped an historically volatile…
Business | New York Post

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Market hasn’t hit bottom but investors can start to ‘nibble’ on stocks, says Bespoke’s Paul Hickey

Investors can start finding some buying opportunities in the market — as long as they have a strong stomach, says Bespoke's Paul Hickey.
Real Estate

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Jobless claims signal labor market strength, consumer confidence tumbles

The number of Americans filing applications for jobless benefits fell marginally last week to near a 49-year low, pointing to underlying strength in the labor market.
Economy

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Fed survey points to a scaling back of bets on emerging market gains

Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise in value, the U.S. central bank said on Thursday.


Reuters: Business News

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Steven Mnuchin calls top bank CEOs after last week’s market meltdown

Treasury Secretary Steven Mnuchin phoned the heads of the largest US banks on Sunday to make sure they had enough cash in expectation of a jittery market opening on Wall Street. Mnuchin, who was reportedly vacationing in Cabo, released a statement that said the CEOs of six large banks confirmed they had enough liquidity for…
Business | New York Post

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Hedge-fund veteran Mark Yusko is predicting a ‘dreadful bear market’ in 2019

There will be a lot of 'spiky' rallies in next year's bear market, with the end ultimately being 'a bad place.'
Top News & Analysis

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WATCH: World News 12/11/18: Deadly Terror Attack At A French Christmas Market

The Oval Office showdown between Trump and Schumer, Pelosi; IN high school football player confesses to killing pregnant cheerleader
ABC News: World News Tonight

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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J&J loses $39.8 billion in market value after report claims J&J knew about asbestos in baby powder

Investors sold off shares of Johnson & Johnson on Friday after a Reuters report said the company knew for decades that its baby powder contained asbestos, an allegation J&J has denied.
Health and Science

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Bad communication is why the stock market has been so down

It’s the holiday season. The economy is the best its been in over a decade. So what’s got the stock market so down? To make a holiday cocktail as strong as our current volatility, you’d need several key ingredients. The bartender would add two shots of Federal Reserve — way more than needed. A shot…
Business | New York Post

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Market experts: Don’t bail on stocks in 2019

Don’t bail out on the stock market just because your stomach can’t take it, market pros suggested last week. Yes, it will continue to be a rocky ride for investors. And yes, a bear market will eventually come (if not for a couple of years). But neither the stock market nor the economy is likely…
Business | New York Post

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Work Report 2018 – For Now, It’s An Employee’s Market

FRIDAY SAW THE RELEASE OF THE OCTOBER JOBS REPORT. WHAT WAS IN IT?

Overall, Friday’s jobs report contained really positive news. According to the Labor Department, the economy added 250,000 jobs in October. That did not change the unemployment rate, which held steady at 3.7%, tied with the lowest rate December 1969.

But most importantly, we saw strong wage growth and labor market participation figures, which tell us that more Americans are finally seeing better numbers on their paychecks. Wages increased 3.1% from a year earlier, the best year-over-year gain for average hourly earnings since 2009.

And the percentage of prime-working-age adults — those between 25 and 54 — rose to 79.7 percent, up from 79.3 percent in September. However, there is still room for growth here, as that figure was 80.3 percent in January 2007 and 81.9 percent in April 2000.

WHY ARE WAGES RISING?

This is primarily a story about the labor market. With relatively few unemployed Americans looking for work, to secure access to qualified employees, companies are increasingly having to raise wages to attract workers away from other employers. That has been the case the past few years for higher skilled jobs such as engineers or technology workers, but now we are seeing the same thing play out for lower-wage jobs

HOW DOES THIS WAGE GROWTH COMPARE TO PRE-RECESSION LEVELS?

While it is undoubtedly good news compared to the past decade, in historical terms wage growth remains soft given the strength of the economy and the tight labor market. In the early 2000s and late 1960s, wages were growing at 4% or better year over year. However, part of this may be tied to worker productivity, which was growing faster during those periods, and is often a factor in wage growth rates.

CAN WE EXPECT WAGE GROWTH TO CONTINUE?

Based on what we know about the tight labor market and the fundamentals of the economy, it seems likely we will continue to see wages grow. What we do not know is if growth will continue to be significantly higher than inflation in order for Americans to see real gains in purchasing power.

For example, if workers who have sat on the sidelines continue to look for jobs and push labor market participation higher, wage growth could slow. If worker productivity increases, wage growth could pick up. We will have to wait and see.

WHAT ONGOING EFFECTS DO RISING WAGES HAVE ON THE ECONOMY?

Higher wage growth will have a ripple effect across the economy. These job and wage numbers mean we are likely to see consumers continue to spend money. U.S. consumer spending rose for a seventh straight month in September.

That is good news for the economy as a whole. However, wage growth could dampen investor optimism and impact the markets.  Higher wages mean increased labor costs for companies and will certainly revive concerns the Fed will continue to hike interest rates, making borrowing more expensive for companies and individuals alike.


HEAD BACK TO THE BLACKAMERICAWEB.COM HOMEPAGE

 

Mellody Hobson is President of Ariel Investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts. Additionally, she is a regular financial contributor and analyst for CBS News.

 

 

 

Life & Style – Black America Web

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Next steps to take after stock market unpredictability

So now that the market correction is over, it’s time to take stock, engage in a little self-reflection of your buys or sells, if you made any at all. But it’s also a time for the Trump administration to do some soul-searching and review its handling of the hysteria that gripped the markets and kitchen…
Business | New York Post

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Luxury car owners trade up for American pickups as Ford, GM and Dodge trucks dominate market

While trucks have traditionally been the sort of vehicles you'd expect to see on a farm or at a work site, demand has been surging among regular buyers who are opting out of sedans and coupes and replacing their family vehicles with pickups and SUVs.
Tech

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Home flippers are fleeing the market as their profits shrink

A combination of higher costs and lower demand is putting a chill on the once hot house-flipping market. Following the epic housing crash, flippers bought up distressed properties at bargain prices, fixed and flipped them to residents or investors.
Real Estate

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The big number from the October jobs report could be bad news for the market

October's nonfarm payrolls report Friday could bring some good news for the jobs market, which might be bad news for the stock market.
Economy

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Increase Your Market Share: How to Woo Homeowners That Have Yet to be Influenced

More than 80% of homeowners request quotes before they know who they want to work with or the product brand they prefer. If you’re hyper-focused on increasing your own SEO and brand awareness, you’re missing out on a larger reach of homeowners that have yet to be influenced.

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The post Increase Your Market Share: How to Woo Homeowners That Have Yet to be Influenced appeared first on Modernize.

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Stocks just broke a key level and what’s next could decide fate of bull market

The stock market sell off sent the S&P 500 below a key level Tuesday morning, and how it trades next could determine whether the market is close to finding a bottom or more selling is ahead.
Top News & Analysis

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