TS DOST Admission Schedule 2024 Out: Check Timetable at dost.cgg.gov.in
The Telangana State Council of Higher Education (TSCHE) has announced the Degree Online Services, Telangana Admission Schedule (DOST) 2024 for undergraduate degree courses. Here's a comprehensive guide on the registration process, important dates, and other essential details for aspiring candidates.
CUET UG 2024: Exam City Intimation Slip to Be Released Today, Direct Download Link Available
The National Testing Agency (NTA) is gearing up to announce the examination city information for the Common University Entrance Test for Undergraduate (CUET-UG) 2024 by May 5th or earlier. Here's everything you need to know about downloading the exam city slip and other essential details.
India's Travel & Tourism Boom: Projections Show 58 Million New Jobs by 2033
In the coming 9 years, new jobs are also expected across emerging cities/locations like Gujarat, Lakshadweep, and West Bengal.
HPBOSE 10th Result 2024: Latest Update on HP Board Matric Results Declaration
Following the announcement of the 12th class results, the Himachal Pradesh Board of School Education (HPBOSE) is gearing up to declare the annual results for the 10th class. Here's what you need to know about the expected declaration date, updates, and pass criteria for the HPBOSE 10th Result 2024.
Tamil Nadu Class 12 Results 2024: Release Tomorrow for Over 7 Lakh Students
Excitement and anticipation fill the air as the Tamil Nadu School Education Department prepares to unveil the TN HSE Plus Two or Class 12 board examination results for the academic year 2024. With around 7.25 lakh students eagerly awaiting their scores, the announcement scheduled for tomorrow, May 6, marks a significant milestone in their academic journey.
Tamil Nadu Class 12 (HSE +2) results 2024 to be out tomorrow; here are the important details
Upon release, students can access their scores by visiting the website of the Tamil Nadu Directorate of Government Examinations tnresults.nic.in or dge.tn.gov.in. Additionally, the school education department stated that marks details will be sent via text messages to the mobile numbers provided by the students.
Easing FDI norms in space sector to attract foreign players, boost demand for high-tech jobs
The government's decision to ease FDI rules in the space sector is expected to attract foreign players, boost tech jobs, and foster innovation. The move enables 100% foreign investment in satellite components, supporting infrastructure development and creating new business opportunities.
Unlocking India's Space Sector: FDI Liberalization Sparks Investment Surge and Jobs Boom
Unlocking India's Space Sector: FDI Liberalization Sparks Investment Surge and Jobs Boom The government's decision to ease foreign direct investment (FDI) in the space sector will help attract foreign players as well as startups and will boost demand for high-tech jobs, experts say. The government has eased FDI norms in the sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment. The provisions were notified last month. Sreeram Ananthasayanam, Partner, Deloitte India, said that the recent amendment of higher FDI limits in the space sector is a significant step towards transforming India's space program, in terms of infrastructure development. ''For the private sector, it opens doors to new business opportunities, it presents an opportunity to leverage private investments to enhance space capabilities, access to cutting-edge technologies to accelerate and develop next-gen space products, and collaboration with global players,'' Ananthasayanam said. For the government, it reduces the burden on public finances for its usage of funds to enable space ecosystem in India, he said. ''This burgeoning space industry will create a high demand for high-tech jobs for engineers, scientists, and other skilled professionals. The initiatives by government organizations, academic institutes will create the talent pool for meeting the demand will further fuel innovation and propel India's spacefaring ambitions,'' Ananthasayanam added. He also said that manufacturing of subsystems related to launch vehicles, satellites and ground stations by the private sector would find a direct revenue stream in the upcoming missions of Indian Space Research Organisation (ISRO) and other space programs around the world. The country currently boasts around 200 space startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT), with several showcasing their prowess in the field, he said. However, he said, the space sector presents unique challenges, including technological complexities and long gestation periods. ''To further bolster the space ecosystem and enable more Indian startups to establish themselves, substantial investments are essential. These investments will not only drive innovation and technological advancement but also create a conducive environment for the growth of the space industry in India,'' Ananthasayanam said. Further, he said that a handful of manufacturers supporting ISRO by supplying components in a build-to-spec and build-to-print model are already making revenues north of several hundred crores, hiring thousands of individuals. ''For the sector to truly scale, the number of such firms should be at least in the double digits,'' he added. Revathy Muralidharan, Partner, IndusLaw, said the increased competition due to entry of new players and strategic investors will force the domestic players to develop cutting-edge, highly competitive technologies to keep up their positions in the Indian space market. He added that opening up of the sector for foreign investors will also bring in the much needed liquidity into the capital intensive industry and will certainly help the private players to compete on a global scale. With this decision, the Indian space sector will certainly see FDI inflows largely from two groups of investors -- strategic investors and private equity players. Iqbal Khan, Partner, Shardul Amarchand Managaldas & Co said that a higher participation of private players is essential to tap commercial opportunities, generate jobs. ''The liberalized FDI norms will bolster opportunities for domestic companies that aim to launch their own constellation of satellites to enable communication systems, real time monitoring and surveillance,'' Khan said.
Rapper says sport, music and gaming venture in south London is aimed at widening opportunities for young black community Stormzy has won three Brit awards, headlined Glastonbury, persuaded Usain Bolt and Jos Mourinho to star in a music video, and bought AFC Croydon Athletic with the former Crystal Palace player Wilfried Zaha. His skills on the pitch, however, are not up to much. Im shit at football. I was never going to be a footballer, he said. But maybe if I knew how to be a pundit [Id have gone down that road]. Maybe if I knew how to be a data analyst or all the intricate jobs behind the scenes that people might not know about. Continue reading...
Bitcoin rose above $61,000 after Aprils jobs report was weaker than expected
According to the former CEO of Bybit, Bitcoin is expected to trade between $60,000 and $70,000 in the coming months. Bitcoin rose nearly 5% on weak U.S. jobs data. Analysts at Coinbase say the outcome of the Federal Reserve meeting means the US dollars strength has likely peaked and should support cryptocurrencies. Cryptocurrencies rallied ... Read more
CUET UG 2024 exam city slip likely to be out today on exams.nta.ac.in/CUET-UG; check details
NTA may release CUET UG 2024 Exam City Slip today. Candidates can obtain it on official websites. CUET UG exam in hybrid mode from May 15-24, with over 13.48 lakh candidates. Kumar hinted at the release date.
Ranjit Naik-Nimbalkar of the Bharatiya Janata Party is the incumbent MP here and has been renominated. The other top contenders are Dhairyasheel Mohite-Patil of the Nationalist Congress PartySharadchandra Pawar and Ramesh Baraskar of the Vanchit Bahujan Aghadi
Bengal BJP To Set Up Legal Cell To Aid Teachers Who Lost Jobs In West Bengal SSC Scam | News18
Breaking News | Bengal BJP to set up legal cell to aid teachers who lost jobs in West Bengal SSC scam
8 Rewarding Career Opportunities for Agniveers
How the NHS has run out of jobs for new doctors
The NHS needs more doctors so why have some medical students been left in limbo waiting for a job?
Rollball Athletes Not Eligible for Govt Jobs in J&K despite winning Medals
* Coach demands inclusion of Rollball in SO-12 list Ranjit Thakur JAMMU, May 4: In spite of winning International and National medals, the Rollball players of the Jammu and Kashmir Union Territory are not considered for the Government jobs since the game is yet to be included in the SO-12 list, which guarantees employment opportunities to the athletes excelling at prestigious events. Owing to a lack of employment opportunities, the sportspersons who have won medals at the National and International [] The post Rollball Athletes Not Eligible for Govt Jobs in J&K despite winning Medals appeared first on Daily Excelsior .
HT Bureau GUWAHATI, May 4:ACareer Awareness workshopwas organised by the department of mechanical engineering,Assam Don Bosco University School of Technologyon May 4 at Auniati Kamaldev Higher Secondary School, North Guwahati. The resource persons for the workshop were Dr Buljit Buragohain, a prominent career counsellor of the state and Head, Department of Mechanical Engineering of Assam []
Opposition targets Modi over special status, mining, jobs
Staff Reporter Curchorem Alleging that the Prime Minister Narendra Modi has fooled Goans on giving special status, mining resumption, providing employment, and other issues, Goa Pradesh Congress Committee (GPCC) president Amit Patkar said that if Viriato Fernandes is elected and INDIA forms the government at the Centre then mining will be resumed at the earliest. []
Paytm Gets New COO As Bhavesh Gupta Resigns To Take Career Break
Gupta was steering the lending business, online and offline payments, and compliances, among others, at Paytm
Career Break Due To Personal Reasons: Paytm COO Bhavesh Gupta Resigns
Paytm's parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday.
Preparing for Government Jobs After 12th? Get Ready for These Exams, Recruitment in Ministries
After completing Class 12, students often face critical decisions. They need to choose colleges and courses that will pave the way for their future. Many students also start preparing for competitive exams alongside their studies. Let's explore some exams through which students can secure government jobs immediately after Class 12.
In Kolkata, women want to vote for more jobs, lower cost of living
Job opportunities and spiralling expenses override all other concerns in the City of Joy, no matter what election speeches and the noise on social media may be about
Career in Agribusiness Management
Agribusiness Management combines agriculture, business and project management disciplines and offers a range of career opportunities
7 Careers that can Help You get a UK Work Visa
ORIGINAL ARTICLE: 7 Careers that can Help You get a UK Work Visa In the UK, there are several jobs that are in high demand. Here are seven in-demand jobs that make it easier to obtain a UK work visa. The post 7 Careers that can Help You get a UK Work Visa appeared first on DESIblitz .
Arunachal Jobs : APPSC Recruitment 2024
Applications are invited for recruitment of 103 vacant positions or jobs in APPSC Arunachal Pradesh. Arunachal Pradesh Public Service Commission (APPSC) is inviting applications from eligible candidates for recruitment to the posts or jobs of Junior Specialist (Allopathy) under the Department of Health and Family Welfare, Government of Arunachal Pradesh. Name of post : Junior [] The post Arunachal Jobs : APPSC Recruitment 2024 appeared first on NORTHEAST NOW .
According to the RTI reply, only 28 jobs were provided in 2020 through the employment portal of the Delhi government's Department of Employment.
Over 80,000 tech employees lost jobs globally in first four months this year in 279 firms: Report
More than 80,000 employees in the technology sector have lost jobs in the first four months this year, and layoffs continue to haunt the overall startup ecosystem globally.
Assam Career : Bank of Baroda Recruitment 2024
Applications are invited for recruitment of various administrative positions or career in Bank of Baroda Assam. Bank of Baroda Assam is inviting applications from eligible candidates for recruitment to the post or career of Business Correspondent Supervisors on contractual basis under Dhamtari Region (Location Bastar, Bijapur, Dantewada, Kanker, Gariaband). The contract will be initially [] The post Assam Career : Bank of Baroda Recruitment 2024 appeared first on NORTHEAST NOW .
Diego Maradonas toxic post-death era is consistent with his chaotic life and career | Barney Ronay
The Argentinians afterlife a horror story of allegations and legal wrangles has taken another turn The noise from the middle tier of the stand at the Spartak Stadium was strangely persistent, rising above the pre-match hum of Argentina versus Iceland in Moscow, the pitch a humid pocket of shade, the far end still pounded by heavy mid-afternoon sun. It was a banging noise. And a rattling noise. And a yelling noise. People had already begun to turn and point. Looking up, the first thing you saw from below was the fold of chins and sub-chins. Then it was the cigar, protruding like a gun snub above the lip of the balcony. And finally it was the face of Diego Maradona craning over the rail, arms spread in a papal gesture, and looking like, if not the most excited man of all time, then surely the most excited man yet. Continue reading...
Luminar layoffs: Sensor maker to cut nearly 20% jobs
Luminar to cut nearly 20% jobs as part of restructuring
As of December last year, the company had nearly 800 full-time employees in the U.S., Germany, Sweden, India and China.
Oil settles down on US jobs data, steepest weekly loss in 3 months
Brent crude futures for July settled 71 cents lower, or 0.85%, to $82.96 a barrel. U.S. West Texas Intermediate crude for June fell 84 cents, or 1.06%, to $78.11 a barrel.
Gold resumes retreat despite soft jobs report as traders book profits
Prices quickly gave up gains after jumping as high as $2,320.78 immediately after the release of data showing U.S. nonfarm payrolls increased by 175,000 jobs last month, lower than economists' forecast of 243,000.
US stocks end sharply higher, jobs data strengthens case for rate cuts
All three indexes notched their second straight Friday-to-Friday gains, capping a week in which markets were encouraged by Fed Chair Jerome Powell's more dovish-than-expected statements following Wednesday's rate decision.
The story of Raghib Khan and Faisal Abidi is a true testament to the power of friendship and hard work.
Tech giants axe over 700 jobs in May as layoffs spread across sectors
As the month of May gets underway, major job cuts have already been announced by some of the biggest names in technology. Google, Peloton and insurance startup Assurance eliminated over 700 roles combined as companies battle rising costs and shifting business priorities. Google reportedly shed about 200 positions in its Core' division, which comprises many [] The post Tech giants axe over 700 jobs in May as layoffs spread across sectors appeared first on Northlines .
Indians continue to take upskilling route for jobs
NEW DELHI: More and more Indians are arming themselves with skilling and up skilling courses under the National Apprenticeship Promotion Scheme to secure better jobs, with the program witnessing a 26 percent jump in enrollment in 2023-24 compared to the previous year, officials said Friday. The scheme, launched in 2016, saw an enrollment of 35,333 people in 2018-19. In 2023-24, the figure reached 931,406. In 2022-23, the total number of apprentices registered was 738,704. Maharashtra registered the maximum number of enrolments in the scheme. The state saw an impressive enrolment of 263,239, followed by Tamil Nadu with 101,519. The other states include Gujarat (83,611), Karnataka (78,497), and Uttar Pradesh (71,378). This staggering increase represents a significant Compound Annual Growth Rate (CAGR) of 74.76% over the five years, the officials added. Officials said the enrolment of apprentices has witnessed remarkable growth over the past few years. This ambitious initiative has emerged as a game-changer, as it helped bridge the gap between formal education and industry demands while addressing the pressing issues of youth unemployment and underemployment, the officials added. The program has helped foster business growth and innovation while providing valuable on-the-job practical training and opportunities for aspiring professionals, they said. This relationship is driving inclusive economic development, empowering individuals from diverse backgrounds, and nurturing personal and professional growth across sectors, the official added. Apprentices not only receive training to enhance their capacity but are also offered stipend support. The schemes objectives include fostering a skilled workforce, facilitating up skilling opportunities, and encouraging apprenticeship enrolment in small enterprises and underserved regions, thus contributing to inclusive economic development and effectively addressing the skills gap in the country. The National Skill Development Corporation (NSDC), which manages the program, also oversees the operation of the apprenticeship portal, serving as a platform for facilitating the enrolment process. NSDC was set up as part of a national skill development mission in the country. NSDC is also responsible for disbursing partial stipend support to apprentices, both for designated and optional trades, through the Direct Benefit Transfer (DBT) mechanism. It also undertakes capacity-building initiatives for stakeholders involved in the apprenticeship program, including organizing awareness campaigns, trade fairs (melas), workshops, seminars, and other events aimed at promoting the program and engaging with various participants. Officials added that by fostering inclusive skill development and creating employment opportunities, this scheme is not only empowering individuals but also shaping a workforce that is future-ready and adaptable to the ever-evolving demands of the industry.
School jobs: HC raps CBI, seeks report on sanctioning authority
Farmers seeking abadi land now want jobs too
BJP promises 10 lakh government jobs before 2025 assembly polls in Bihar
BJP promises lakh government jobs before assembly polls in Bihar
US STOCKS-Wall St ends sharply higher, jobs data strengthens case for rate cuts
US STOCKS-Wall St ends sharply higher, jobs data strengthens case for rate cuts Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also providing evidence of U.S. economic resilience. All three major U.S. stock posted robust gains. The tech-heavy Nasdaq led the pack, rising 2% with an assist from Apple shares following the iPhone maker's record share buyback announcement. All three indexes notched their second straight Friday-to-Friday gains, capping a week in which markets were encouraged by Fed Chair Jerome Powell's more dovish-than-expected statements following Wednesday's rate decision. The Labor Department's employment report showed the U.S. economy added fewer jobs than expected, while the unemployment rate ticked higher and wage growth unexpectedly cooled. The report likely hit the sweet spot for the Fed, offering signs the labor market is softening, which Powell has deemed necessary to put inflation on a sustainable downward path. The report also provided assurances on U.S. economic health. The report prompted investors to raise bets the Fed would implement its first rate reduction in September. The investor narrative remains the Fed and interest rates and todays weak jobs report puts rate cuts firmly on the Feds 2024 agenda, said Greg Bassuk, CEO at AXS Investments in New York. And while 'higher for longer' remains the roadmap, this economic data is being warmly embraced by investors, Wall Street and Main Street, across all sectors Fed officials weighed in on the data. Fed Governor Michelle Bowman reiterated her willingness to hike rates if inflation progress reverses, and Chicago Fed President Austan Goolsbee said the employment report boosted confidence the economy is not overheating. Let's remember, it's early May; we shouldn't pretend that the year's over or somehow every card has been played, said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. But I don't think for a second that any Fed official really believes that a rate hike is appropriate given current conditions and data. First-quarter earnings season is approaching the final stretch, with 397 of the companies in the S&P 500 having reported as of Friday morning. Of those, 77% have posted consensus-beating results, according to LSEG data. Apple surged 6.0%, after the company unveiled a record $110 billion share buyback program and beat quarterly expectations. Shares of biotech firm Amgen jumped 11.8% after encouraging interim data on its experimental weight-loss drug MariTide and first-quarter earnings. Travel platform Expedia cut its full-year revenue growth forecast, sending its shares sliding 15.3%. The Dow Jones Industrial Average rose 450.02 points, or 1.18%, to 38,675.68, the S&P 500 gained 63.59 points, or 1.26%, to 5,127.79 and the Nasdaq Composite added 315.37 points, or 1.99%, to 16,156.33. Of the 11 major sectors in the S&P 500, all but energy ended the session in positive territory, with technology claiming the largest percentage gain at 3.0%. Advancing issues outnumbered declining ones on the NYSE by a 3.62-to-1 ratio; on Nasdaq, a 2.00-to-1 ratio favored advancers. The S&P 500 posted 21 new 52-week highs and one new low; the Nasdaq Composite recorded 95 new highs and 65 new lows. Volume on U.S. exchanges was 10.72 billion shares, compared with the 11.07 billion average for the full session over the last 20 trading days.
US STOCKS-Wall St ends sharply higher, US jobs data strengthens case for rate cuts
US STOCKS-Wall St ends sharply higher, US jobs data strengthens case for rate cuts Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also providing evidence of U.S. economic resilience. All three major U.S. stock posted robust gains. The tech-heavy Nasdaq led the pack with an assist from Apple shares following the iPhone maker's record share buyback announcement. All three indexes were on track for their second straight Friday-to-Friday gains, capping a week in which markets were encouraged by Fed Chair Jerome Powell's more dovish-than-expected statements following Wednesday's rate decision. The Labor Department's employment report showed the U.S. economy added fewer jobs than expected, while the unemployment rate ticked higher and wage growth unexpectedly cooled. The report likely hit the sweet spot for the Fed, offering signs the labor market is softening, which Powell has deemed necessary to put inflation on a sustainable downward path. The report also provided assurances on U.S. economic health. The report prompted investors to raise bets the Fed would implement its first rate reduction in September. The investor narrative remains the Fed and interest rates and todays weak jobs report puts rate cuts firmly on the Feds 2024 agenda, said Greg Bassuk, CEO at AXS Investments in New York. And while 'higher for longer' remains the roadmap, this economic data is being warmly embraced by investors, Wall Street and Main Street, across all sectors Fed officials weighed in on the data. Fed Governor Michelle Bowman reiterated her willingness to hike rates if inflation progress reverses, and Chicago Fed President Austan Goolsbee said the employment report boosted confidence the economy is not overheating. Let's remember, it's early May; we shouldn't pretend that the year's over or somehow every card has been played, said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. But I don't think for a second that any Fed official really believes that a rate hike is appropriate given current conditions and data. First-quarter earnings season is approaching the final stretch, with 397 of the companies in the S&P 500 having reported as of Friday morning. Of those, 77% have posted consensus-beating results, according to LSEG data. Apple surged after the company unveiled a record $110 billion share buyback program and results beat expectations. Shares of biotech firm Amgen jumped after encouraging interim data on its experimental weight-loss drug MariTide and first-quarter earnings. Travel platform Expedia cut its full-year revenue growth forecast, sending its shares tumbling. According to preliminary data, the S&P 500 gained 63.57 points, or 1.26%, to end at 5,127.77 points, while the Nasdaq Composite gained 316.33 points, or 2.00%, to 16,157.29. The Dow Jones Industrial Average rose 451.66 points, or 1.18%, to 38,677.32.
US Jobs Post Smallest Gain In Six Months As Unemployment Rises
US employers scaled back hiring in April and the unemployment rate unexpectedly rose, suggesting some cooling is underway in the labor market after a strong start to the year.
US STOCKS-Wall St rallies as soft jobs data makes case for Fed policy easing
US STOCKS-Wall St rallies as soft jobs data makes case for Fed policy easing Wall Street rallied on Friday as a softer-than-expected employment report appeared to support the case for Federal Reserve policy easing while also providing evidence of U.S. economic resiliency. All three major U.S. stock indexes were firmly in positive territory, with the tech-heavy Nasdaq leading the pack with an assist from Apple shares following its share buyback announcement. All three indexes were on track for their second straight Friday-to-Friday gains, capping a week in which markets were encouraged by Fed Chair Jerome Powell's more dovish-than-expected statements following Wednesday's rate decision by the Federal Open Market Committee (FOMC). The CBOE Volatility index, often called the fear index, touched its lowest level in over a month. The Labor Department's employment report showed the U.S. economy added fewer jobs than expected, while the unemployment rate ticked higher and wage growth unexpectedly cooled. The report likely hit the sweet spot for the Fed, offering signs the labor market is softening, which Powell has deemed necessary to put inflation on a sustainable downward path. The report also provided assurances on U.S. economic health. The report prompted investors to raise bets that the Fed would implement its first rate reduction in September. This report is not too hot not too cold and it's just what the Fed wants to see, said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. We need more evidence but if we continue on this path it could change the timing of an interest rate cut, and it could mean instead of one, we might be looking at two rate cuts this year. Fed officials weighed in on the data. Fed Governor Michelle Bowman reiterated her willingness to hike rates if inflation progress reverses, and Chicago Fed President Austan Goolsbee said the employment report boosted confidence the economy is not overheating. First-quarter earnings season is approaching the final stretch, with 397 of the companies in the S&P 500 having reported as of Friday morning. Of those, 77% have posted consensus-beating results, according to LSEG data. Apple surged 7.2%, after the iPhone maker unveiled a record $110 billion share buyback program and beat quarterly expectations. Shares of biotech firm Amgen jumped 11.9% after encouraging interim data on its experimental weight-loss drug MariTide and first-quarter earnings. Travel platform Expedia cut its full-year revenue growth forecast, sending its shares sliding 14.5%. At 2:08PM ET, the Dow Jones Industrial Average rose 483.09 points, or 1.26%, to 38,708.75, the S&P 500 gained 68.07 points, or 1.34%, to 5,132.27 and the Nasdaq Composite added 329.53 points, or 2.08%, to 16,170.49. Of the 11 major sectors in the S&P 500, all but energy were in positive territory, with technology boasting the heftiest percentage gain. Advancing issues outnumbered declining ones on the NYSE by a 3.56-to-1 ratio; on Nasdaq, a 2.11-to-1 ratio favored advancers. The S&P 500 posted 18 new 52-week highs and one new low; the Nasdaq Composite recorded 89 new highs and 53 new lows.
Released in 2008, Chamku was touted to be the relaunch of Bobby Deol's career, but the film flopped badly, losing 70% of the budget, and the actor's string of flopped continued at the box office.
WRAPUP 2-Weaker US jobs data soothes Fed worries of renewed overheating
WRAPUP 2-Weaker US jobs data soothes Fed worries of renewed overheating Federal Reserve officials, buffeted by concerns the economy might again overheat, got relief on Friday when jobs data for April showed a marked cooling in wage growth and a pace of hiring in line with levels seen before the COVID-19 pandemic. The gain of 175,000 payroll jobs last month was the lowest in more than a year, while the 3.9% annual change in average hourly earnings was the smallest since May of 2021 and continued what has been a steady decline towards the mid-3% range which policymakers feel is consistent with their 2% inflation target. It was still a solid report in terms of the numbers of jobs generated, said Chicago Fed President Austan Goolsbee, but more like the type of employment growth seen before the COVID-19 pandemic and therefore a boost to confidence that the economy is not again overheating. The more jobs numbers like the ones we saw today, the more you see easing of inflation, the more comfort ... I would have, Goolsbee said on Bloomberg Television. He did not say, however, if he expected the Fed to cut rates this year. Inflation hit a bump at the start of this year, Goolsbee said. We have go to get comfort it is not a sign of reacceleration. Fed Governor Michelle Bowman, who has been among the more ardent voices on the steps needed to control inflation, said after the release of the data that her outlook remained hat inflation will decline further with the policy rate held steady. Bowman, along with all other members of the central bank's policy-setting committee, voted earlier this week to keep the policy interest rate steady in the current 5.25%-5.50% range. 'SOFT LANDING' Traders responded to the jobs data by adding to bets that the Fed will deliver its first rate cut in September and likely follow with a second quarter-percentage-point cut in December. Both probabilities had been sliding as inflation data ran hotter than anticipated and Fed officials at their April 30-May 1 meeting noted the lack of recent progress in lowering the pace of price increases. Other data, such as a slowdown in overall output, was dismissed as masking strong underlying demand, while a weak productivity reading for the first three months of the year raised the possibility that a key force helping to slow inflation may be of less assistance in the months ahead. But Fed Chair Jerome Powell in his post-meeting press conference on Wednesday cited an array of indicators he felt showed the labor market moving towards better alignment between the hiring demands of employers and the number of people looking for jobs. Data on job openings, the rate at which workers are quitting jobs, and the pace at which firms are hiring, have all indicated some softening in the labor market. In surveys of workers and businesses, answers to questions about the ease of finding jobs or filling positions have come back down to pre-pandemic levels, Powell said. The weaker-than-expected jobs gain in April was a wide miss from the 243,000 additional positions expected by economists in a Reuters poll. But it also hit a spot that Powell and his colleagues may see as bolstering their hopes of a soft landing in which inflation is tamed without a major hit to employment or a painful recession. While the jobless rate rose one-tenth of a percentage point to 3.9%, it remained below the 4.1% figure Fed officials at the median feel is aligned with their 2% inflation target. The jobs growth last month also remained close to the monthly average of 183,000 seen in the decade before the pandemic, and above the roughly 100,000 that policymakers feel is needed to accommodate population growth. A 175,000 per month pace is still plenty good enough to absorb new entrants into the labor force and sustain a low unemployment rate, said Thomas Simons, senior U.S. economist at Jefferies.
The News Mill
Kunal Ghosh has caused more damage than opposition: Partha Chatterjee on Ghosh's school jobs scam remark Former West Bengal Education Minister Partha Chatterjee on Friday launched a scathing attack on TMC leader Kunal Ghosh, saying that the latter has caused more damage than the opposition and should have been expelled from the party much earlier. Kunal Ghosh should have been expelled from the party long ago. He has caused much more damage than the opposition. After coming to jail, I came to know about the heinous activities done by Kunal, he said. Partha Chatterjee's comment comes after Trinamool Congress leader Kunal Ghosh on Thursday said that the TMC was aware of the school recruitment scam, adding that that is the main reason why the TMC party removed Partha Chatterjee from the Education Department in 2021. One month ago, I had asked the party to release me from my duties. I was also on the star campaigners' list, but now I am not. The party has given a chance to new faces, this is a good thing... The party had information for a long time that something was wrong in the job recruitment case. This is why Partha Chatterjee was removed from the Education Department in 2021. If the party had seriously intervened in the matter, job seekers wouldn't have to face any trouble. We could have stopped the system from going uneasy, Ghosh told ANI. In 2022, the Enforcement Directorate (ED) arrested the West Bengal Education Minister and TMC leader Partha Chatterjee in connection with the West Bengal School Service Commission (SSC) teacher recruitment scam. Chatterjee is currently lodged at the Presidency Correctional Home. After being spotted at a blood donation camp alongside the BJP's Kolkata Uttar candidate Tapas Roy, where he sang his praises, Kunal was promptly removed as the TMC general secretary. An official communication to this effect was issued by the Mamata Banerjee-led party on Thursday. In the official communication following his removal as general secretary, the TMC said the views he expressed at the public event did align with the party's position and shouldn't be attributed to it. (ANI)
FOREX-Dollar drops as employers add fewer jobs than expected in April
FOREX-Dollar drops as employers add fewer jobs than expected in April The dollar fell to a three-week low against the yen on Friday after data showed that U.S. jobs growth slowed more than expected in April and annual wage gains cooled, boosting bets that the Federal Reserve will cut rates twice this year. Employers added 175,000 jobs last month, below economists' expectations for a 243,000 increase. Wages increased 3.9% in the 12 months through April, below expectations for a 4.0% gain after rising 4.1% in March. The unemployment rate rose to 3.9% from 3.8%, still staying below 4% for the 27th straight month. The data's soft across the board from the Fed's perspective, said Jason Pride, chief of investment strategy and research at Glenmede in Philadelphia. Fed funds futures traders raised bets that the Fed would cut rates twice this year, with 49 basis points of easing now priced in, up from 42 basis points before the data. The market at this point is so hoping that the Fed can cut rates this year and did not want one of the hot numbers coming in. Today's report certainly offers them a cooler read of the labor landscape, said Quincy Krosby, chief global strategist at LPL Financial in Charlotte. Still, the report itself is unlikely to sway Fed policy unless the trend continues. An unemployment rate of 3.9% is not something disastrous. This indicates an economy that is not declining dramatically, but it definitely indicates a looser labor market, said Pride. It gives the Fed some hope, but it does not establish the trend for them. The Fed said at the conclusion of its two-day meeting on Wednesday that sticky inflation meant that it would take longer to cut rates. Other data on Friday showed that the U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation. The dollar index was last down 0.21% at 105.08 after earlier reaching 104.52, the lowest since April 10. The euro gained 0.31% to $1.0758. The greenback weakened 0.51% to 152.84 Japanese yen and got as low as 151.86, the weakest since April 10. The yen surged late on Wednesday and on Monday, both in light trading conditions, in moves that traders and analysts attributed to intervention by Japanese authorities. Japanese finance minister Shunichi Suzuki said on Friday that authorities may need to smooth any excessive yen moves that hurt households and companies. The yen is on track for its best weekly percentage gain against the greenback since November 2022, after Japanese authorities also intervened in October 2022 to shore up the currency. The Japanese currency reached a 34-year low of 160.245 on Monday as it suffers from a wide interest rate differential with the United States.
26 per cent jump in apprenticeship scheme as more youths upskill to get better jobs
NEW DELHI: More and more Indians are arming themselves with skilling and upskilling courses under the National Apprenticeship Promotion Scheme (NAPS) to get better jobs, with the programme witnessing a 26 per cent jump in enrollment in 2023-24 as compared to the previous year, officials said Friday. The scheme, launched in 2016, saw an enrollment of 35,333 people in 2018-19. In 2023-24, the figure touched 931,406. In 2022-23, the total number of apprentices registered was 738,704. Maharashtra registered the maximum number of enrollments in the scheme.The state saw an impressive enrollment of 263,239. It is followed by Tamil Nadu at 101,519. The other states are Gujarat (83,611), Karnataka (78,497), and Uttar Pradesh (71,378). This staggering increase represents a significant Compound Annual Growth Rate (CAGR) of 74.76% over the five years, the officials added. Officials said the enrollment of apprentices has witnessed remarkable growth over the past few years. This ambitious initiative has emerged as a game-changer, as it helped in bridging the gap between formal education and industry demands while addressing the pressing issues of youth unemployment and underemployment, the officials added. The programme has helped foster business growth and innovation while providing valuable on-the-job practical training and opportunities for aspiring professionals,they said. This symbiotic relationship is driving inclusive economic development, empowering individuals from diverse backgrounds, and nurturing personal and professional growth across sectors, the official added. Under the scheme, apprentices not only get training to enhance their capacity, but are offered stipend support. The scheme's objectives include fostering a skilled workforce, incentivising establishment participation, facilitating upskilling opportunities, and encouraging apprenticeship enrollment in small enterprises and underserved regions, thus contributing to inclusive economic development and effectively addressing the skills gap in the country. The National Skill Development Corporation (NSDC), which manages the programme, also oversees the operation of the apprenticeship portal, which serves as a platform for facilitating the enrollment process. NSDC was set upas part of a national skill development mission in the country. NSDC is also responsible for disbursing partial stipend support to apprentices, both for designated and optional trades, through the Direct Benefit Transfer (DBT) mechanism. It also undertakes capacity-building initiatives for stakeholders involved in the apprenticeship programme, which includes organising awareness campaigns, trade fairs (melas), workshops, seminars, and other events aimed at promoting the programme and engaging with various participants. Officials added that by fostering inclusive skill development and creating employment opportunities, this scheme is not only empowering individuals but also shaping a workforce that is future-ready and adaptable to the ever-evolving demands of the industry.
Dow surges over 480 points at open on soft jobs data
The S&P 500 rose 58.6 points, or 1.16%, at the open to 5,122.78, while the Nasdaq Composite rose 306.5 points, or 1.94%, to 16,147.482 .
US STOCKS SNAPSHOT-Wall St opens sharply higher on soft jobs data
US STOCKS SNAPSHOT-Wall St opens sharply higher on soft jobs data Wall Street's main indexes opened higher on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen on upbeat corporate updates added support. The Dow Jones Industrial Average rose 483.7 points, or 1.27%, at the open to 38,709.36. The S&P 500 rose 58.6 points, or 1.16%, at the open to 5,122.78, while the Nasdaq Composite rose 306.5 points, or 1.94%, to 16,147.482 at the opening bell.
US employers scaled back their hiring in April, adding 175,000 jobs in the face of higher borrowing rates
US STOCKS-Wall St set to open sharply higher on soft jobs data
US STOCKS-Wall St set to open sharply higher on soft jobs data Wall Street's main indexes were set to open higher on Friday after a softer-than-expected jobs report revived hopes of the Federal Reserve cutting interest rates this year, while gains in Apple and Amgen on upbeat corporate updates added support. The Labor Department report showed U.S. nonfarm payrolls increased by 175,000 jobs in April, compared with expectations for an increase of 243,000, according to economists polled by Reuters. The unemployment rate stood at 3.9% compared with expectations that it would remain steady at 3.8%, while average earnings rose 0.2% on a monthly basis against forecasts of 0.3% growth. The data is soft across the board from the Fed's perspective, which is what really matters and an unemployment rate of 3.9% is not something disastrous, said Jason Pride, chief of investment strategy and research at Glenmede. This indicates an economy that is not declining dramatically, but it definitely indicates a looser labor market. Money markets are pricing in about 51 basis points of rate cuts from the U.S. central bank this year, compared with about 41 bps prior to the data release, according to LSEG data. The latest economic data follows the Federal Reserve's more dovish-than-expected interest rate guidance in its latest policy meeting, which caused U.S. stocks to rally on Thursday. Apple jumped 7.2%, outpacing other megacap stocks in premarket trading on Friday after the iPhone maker unveiled a record $110 billion share buyback program and beat modest expectations for quarterly results and forecast. Amgen climbed 12.9% as the biotechnology firm said it was very encouraged after completing an interim analysis of its mid-stage study of experimental weight-loss drug MariTide and as it reported first-quarter earnings. Shares of rival Eli Lilly dipped 1%, while weight-loss drug developer Viking Therapeutics shed 2.3%. At 08:42 a.m. ET, Dow E-minis were up 497 points, or 1.29%, S&P 500 E-minis were up 58.25 points, or 1.14%, and Nasdaq 100 E-minis were up 284 points, or 1.61%. Block rose 9.4% after the Jack Dorsey-led payments fintech firm lifted its full-year adjusted core earnings forecast and revealed plans to add more bitcoins to its balance sheet. Expedia fell 10.5% after the online travel agency cut its full-year revenue growth forecast as gross bookings were hit by a drag in its vacation rental platform. Fortinet dipped 7.8% after the cybersecurity firm forecast second-quarter billings below Wall Street estimates.
US STOCKS SNAPSHOT-Futures extend gains after April jobs data
US STOCKS SNAPSHOT-Futures extend gains after April jobs data U.S. stock index futures extended gains on Friday as fresh evidence of easing labor market conditions boosted hopes that the Federal Reserve could cut interest rates sometime this year. A Labor Department report showed nonfarm payrolls increased by 175,000 jobs in April, compared with expectations for an increase of 243,000, according to economists polled by Reuters. The unemployment rate stood at 3.9% compared with expectations that it would remain steady at 3.8%, while average earnings rose 0.2% on a monthly basis against forecasts of 0.3% growth. At 08:30 a.m., Dow E-minis were up 520 points, or 1.35%, S&P 500 E-minis were up 55 points, or 1.08%, and Nasdaq 100 E-minis were up 249.5 points, or 1.41%.
CEO offers jobs to anti-Israel protesters, faces backlash
Andrew Dudum, recently took to social media to encourage anti-Israel protesters on college campuses to persist in their efforts. He said that companies like his will be eager to hire them, drawing a contrast to other executives who have suggested that involvement in such protests could hinder employability. Students across numerous campuses in the United States have gathered or established encampments to protest against Israel's ongoing conflict in Gaza, which has now entered its seventh month.
Major Tech Companies Cut Over 700 Jobs in First Week of May
In the first few days of the new month, multiple reputed tech companies had to make the difficult decision to reduce their workforce size considerably. According to reports, Google, Peloton, and Assurance collectively let go of over 700 employees in May so far. Google reportedly said goodbye to around 200 staffers from its Core organization [] The post Major Tech Companies Cut Over 700 Jobs in First Week of May appeared first on Northlines .
Priyanka Chopra discusses balancing motherhood and career
Internationally acclaimed actor Priyanka Chopra Jonas recently opened up about her experiences of balancing motherhood with a successful career.
Job scams: Who is vulnerable? How to protect yourself from job scams?
Job scam: Scammers target their victims based on their online behaviour, financial situation, needs and even vulnerability to certain types of persuasion.
Meghalaya Jobs : NIT Meghalaya Recruitment 2024
Applications are invited for recruitment of various technical positions or jobs in NIT Meghalaya. National Institute of Technology (NIT) Meghalaya is inviting applications from eligible candidates for recruitment to the posts or jobs of Junior Research Fellow (JRF) in the project entitled Development of On-chip MEMS Pressure Sensor based Tensiometer forAgriculture. The National Institute of [] The post Meghalaya Jobs : NIT Meghalaya Recruitment 2024 appeared first on NORTHEAST NOW .
VITEEE 2024 Result Out Now: Check Your Scores Online at vitee.vit.ac.in
Vellore Institute of Technology (VIT) has announced the results of the VIT Engineering Entrance Examination (VITEEE) 2024. Candidates who appeared for the exam can now access their results on the official website. Here's how you can check your VITEEE 2024 result and important details to know.
Assam Career : NIE Recruitment 2024
Applications are invited for recruitment of various administrative positions or career in NIE Assam. National Institute of Epidemiology (NIE) Assam is inviting applications from eligible candidates for recruitment to the post or career of Consultant (Scientific Technical Medical) and Consultant (Scientific Technical Non-Medical). Name of post : Consultant (Scientific Technical Medical) No. [] The post Assam Career : NIE Recruitment 2024 appeared first on NORTHEAST NOW .
Assam Career : POWERGRID Recruitment 2024
Applications are invited for recruitment of 12 vacant positions or career in POWERGRID Assam. Powergrid Corporation of India Limited or POWERGRID Assam is inviting applications from eligible candidates for recruitment to the post or career of Company Secretary Professionals on contract basis. POWERGRID, one of the largest Transmission Utilities in the World and a Maharatna [] The post Assam Career : POWERGRID Recruitment 2024 appeared first on NORTHEAST NOW .
Stock market today: Asian shares advance ahead of US jobs report
Asian shares are mostly higher ahead of a report on the U.S. jobs market
Ahead of the U.S. nonfarm payrolls data later in the day, major cryptocurrencies rallied on Friday, recovering from recent declines. Concurrently, the global cryptocurrency market cap surged 3.1% to approximately $2.22 trillion over the last 24 hours.
Assam Career : TMC Recruitment 2024
Applications are invited for recruitment of various technical positions or career in TMC Assam. Tata Memorial Centre (TMC) Assam is inviting applications from eligible candidates for recruitment to the post or career of IT Technical Engineer on contract basis. The Tata Memorial Centre (TMC) is a Comprehensive Cancer Centre with a mission to achieve the [] The post Assam Career : TMC Recruitment 2024 appeared first on NORTHEAST NOW .
Bengal BJP to create separate legal cell to provide help to genuine teachers who lost jobs: PM Modi
The corruption that the TMC has done in Bengal in school recruitment is shameful. Due to this scam, several genuine candidates have suffered. I have asked the Bengal BJP unit on behalf of the party to create a separate legal cell and social media platform to provide help to the genuine candidates and teachers, Modi said.
Rolling coverage of the latest economic and financial news Rail ticket platform Trainline are the top riser on the FTSE 250 after doubling its operating profits in the last year. Trainline reported that its operating profits rose by 101% in the year to 29th February, from 28m to 56m. Continue reading...
IIT Madras BS Data Science helps place 2,500 students with jobs and promotions
IIT Madras BS Data Science helps place students with jobs and promotions
DMRL DRDO Jobs 2024: Vacancy For Apprentice Posts Released Here, Applications Invited Till May 31
The Defence Metallurgical Research Laboratory (DMRL), a constituent of the Defence Research and Development Organisation, has announced a multitude of vacancies for aspiring individuals.
US jobs report for April will likely point to a slower but still-strong pace of hiring
The American economy likely delivered another solid hiring gain in April, showing continuing durability in the face of the highest interest rates in two decades
People of Rae Bareli will end Rahul Gandhis political career: BJP
Shillong, May 3: Hours after the Congress announced that partys former president Rahul Gandhi will contest the Lok Sabha polls from Raebareli, the BJP on Friday said that the people of Rae Bareli will end his political career. Slamming the Congress leader, BJP National Secretary Manjinder Singh Sirsa said, After accepting defeat in Amethi, he [] The post People of Rae Bareli will end Rahul Gandhis political career: BJP appeared first on The Shillong Times .
Travel & Tourism hiring surge: 58 Million new jobs forecast by 2033
Driven by Indias ascent as a premier travel destination globally, the travel and tourism sector in India has witnessed remarkable growth post-pandemic. Playing a pivotal role in foreign exchange earnings, the sector contributed INR.15.9 trillion (USD 191.25 billion) to Indias economy in 2022, with an estimated increase to INR 16.5 trillion for 2023. This...
D2C and E-commerce brands lead in retention-led marketing careers: Report
Around 52.6 per cent of the respondents belonged to the marketing teams within their organization while 31.6 per cent were in growth teams and 15.8 per cent in product teams.
Traders Pull Forward First Full Fed Rate Cut To November Ahead Of Jobs
The recalibration came amid the best two-day rally for short-end Treasuries since January.
Sensex, Nifty, Share Prices LIVE: Asian equities climbed following a rally in US stocks and bonds on Thursday. South Koreas KOSPI index rose by 0.39%, while Australias S&P/ASX 100 was up by 0.42%. Japanese markets were closed for a holiday. In the US, stocks rallied as investors weighed the Federal Reserves more dovish interest rate guidance against mixed earnings and economic data. The Dow Jones Industrial Average rose by 0.85%, the S&P 500 by 0.91%, and the Nasdaq Composite by 1.51%.
India Inc helping more wonder women get C-suite superpowers
At Accenture, 29% of the leaders in India are women. Diageo India has 30% women in senior leadership. In the last few years, Marico's efforts have pushed women into close to 30% of leadership roles. PepsiCo is looking at 40% women in the India leadership team by next year. Larsen & Toubro handpicked 495 women employees to undergo leadership development programmes in the last few years.
Assam makes huge strides in jobs sector
US STOCKS-Wall Street ends higher as Fed signals dovish bias; jobs report eyed
US STOCKS-Wall Street ends higher as Fed signals dovish bias; jobs report eyed U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. All three indexes ended in positive territory. The tech-heavy Nasdaq led the way, advancing 1.5% with healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analysts' expectations. Markets continued to parse Fed Chair Jerome Powell's assurances on Wednesday that the central bank's next policy move will be to lower its key policy rate, after it left rates unchanged at the end of its monthly meeting. However, he noted that recent strong inflation readings have suggested that first of these rate cuts could be a long time in coming. The takeaway from yesterday is that the Fed's bias is still a downward, hold steady or cut rates, said Paul Nolte, senior wealth advisor and market strategist at Murphy & Silvest in Elmhurst, Illinois. They're not willing to raise rates from here. They'll keep rates steady, and any sign of economic weakness or lower inflation, they are going to be ready to jump on it and cut. Data released on Thursday included muted jobless claims, a drop in planned layoffs, a surge in quarterly labor costs and a sharp deceleration in productivity, all of which throws focus on Friday's closely watched April employment report. The Fed has been consistent in saying they're going to be data dependent, said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. We went into this year thinking there could be more cuts, earlier. The data hasn't supported that. The Organization for Economic Cooperation and Development (OECD) upgraded its global growth outlook, thanks in part to the U.S. economy's resilience. First-quarter earnings season has rounded the corner, with 373 of the companies in the S&P 500 having reported. Of those, 77% have posted better-than-expected results, according to LSEG data. The common theme (this quarter) is those companies that are beating expectations aren't really being rewarded as much as they have in prior quarters, Nolte added. And those that are missing expectations are getting shellacked. Among individual stocks, Qualcomm advanced 9.8% following its earnings beat. Shares of used car platform Carvana surged 33.8 % on its upbeat profit forecast. But disappointing profit guidance sent DoorDash 's stock down 10.3 %. Etsy shares slid 15.0 % after the online marketplace missed Wall Street expectations for first-quarter gross merchandise sales and profit. Peloton dropped 2.5 % after the fitness equipment maker's CEO stepped down and the company announced a 15% cut to its global workforce. The Dow Jones Industrial Average rose 322.37 points, or 0.85%, to 38,225.66. The S&P 500 gained 45.81 points, or 0.91%, at 5,064.2 and the Nasdaq Composite added 235.48 points, or 1.51%, at 15,840.96. Nine of the 11 major S&P sectors ended higher, with tech firms leading the gainers. Materials suffered the largest percentage loss. Advancing issues outnumbered decliners on the NYSE by a 3.63-to-1 ratio; on Nasdaq, a 2.29-to-1 ratio favored advancers. The S&P 500 posted 15 new 52-week highs and eight new lows; the Nasdaq Composite recorded 59 new highs and 89 new lows. Volume on U.S. exchanges was 11.19 billion shares, compared with the 11.04 billion average for the full session over the last 20 trading days.
US STOCKS-Wall Street gains as Fed signals dovish bias; jobs report eyed
US STOCKS-Wall Street gains as Fed signals dovish bias; jobs report eyed U.S. stocks rallied on Thursday as investors dissected the Federal Reserve's interest rate guidance on Wednesday, a plethora of earnings and economic data. All three indexes were higher, with the tech-heavy Nasdaq enjoying a healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analyst expectations. Investors continue to parse Fed Chair Jerome Powell's assurances on Wednesday that the central bank's next policy move will be to lower its key policy rate, after it left rates unchanged at the end of its monthly meeting. However, he noted that recent strong inflation readings have suggested that first of these rate cuts could be a long time in coming. The takeaway from yesterday is that the Fed's bias is still a downward, hold steady or cut rates, said Paul Nolte, senior wealth advisor and market strategist at Murphy & Silvest in Elmhurst, Illinois. They're not willing to raise rates from here. They'll keep rates steady, and any sign of economic weakness or lower inflation, they are going to be ready to jump on it and cut. Data released on Thursday included muted jobless claims, a drop in planned layoffs, a surge in quarterly labor costs and a sharp deceleration in productivity, all of which throws focus on Friday's much anticipated April employment report. The Organization for Economic Cooperation and Development (OECD) upgraded its global growth outlook, thanks in part to the U.S. economy's resilience. First-quarter earnings season has rounded the corner, with 373 of the companies in the S&P 500 having reported. Of those, 77% have posted better-than-expected results, according to LSEG data. The common theme (this quarter) is those companies that are beating expectations aren't really being rewarded as much as they have in prior quarters, Nolte added. And those that are missing expectations are getting shellacked. Among individual stocks, Qualcomm advanced 9.0% following its earnings beat. Shares of used car platform Carvana surged 32.2% on its upbeat profit forecast. But disappointing profit guidance sent DoorDash's stock down 10.7%. Etsy shares slid 15.6% after the online marketplace missed Wall Street expectations for first-quarter gross merchandise sales and profit. Peloton dropped 10.0% after the fitness equipment maker's CEO stepped down and the company announced a 15% cut to its global workforce. Apple Inc's shares rose 1.9% ahead of its quarterly results expected after the bell. At 2:11 p.m. ET, the Dow Jones Industrial Average rose 292.4 points, or 0.77%, to 38,195.69. The S&P 500 gained 40.91 points, or 0.82%, at 5,059.3 and the Nasdaq Composite added 211.87 points, or 1.36%, at 15,817.35. Among the 11 major sectors of the S&P 500, nine were in the green, with consumer discretionary stocks leading the pack. Materials were the laggards. Advancing issues outnumbered decliners on the NYSE by a 3.60-to-1 ratio; on Nasdaq, a 2.32-to-1 ratio favored advancers. The S&P 500 posted 13 new 52-week highs and seven new lows; the Nasdaq Composite recorded 49 new highs and 76 new lows.
Oil edges back towards 7-week low after resilient US jobs data
Brent crude futures for July were up 40 cents, or 0.5%, at $83.84 a barrel by 1332 GMT, having earlier touched a session peak of $84.44. U.S. West Texas Intermediate (WTI) crude for June was 27 cents, or 0.3%, firmer at $79.27, off a high for the day of $79.90.
SRH vs RR: Nitish Kumar Reddy continues fairytale IPL 2024 with career-best T20 score
SRH vs RR Nitish Kumar Reddy continues fairytale IPL with careerbest T score
Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton undergoes restructuring, cutting 400 jobs globally. CEO Barry McCarthy resigns. Shares rise by 11%. Sales surged during lockdowns but slowed in 2021, resulting in significant financial losses.
Financial Reporting Accountant II
Job Summary: The International Food Policy Research Institute (IFPRI) seeks a Financial Reporting Accountant II for a two-year, exempt, renewable appointment to provide financial reporting support in the Finance and Administration Department. This position will report to the Senior Financial Reporting Accountant and is based at IFPRI headquarters located in Washington, DC. Essential Duties: Specific duties and responsibilities include but are not limited to: Timely preparation of periodic financial reports and invoices for a range of donors. Monitor billed and unbilled receivables for delinquent payments and billable cost. Ensure compliance with donor requirements and internal policies and procedures while also identifying opportunities for process improvement and efficiency enhancement Research and identify information for proper crediting of cash received. Review deliverable schedules for due invoices and financial reports Monitor and analyze project spending and commitments. Address internal and external inquiries regarding project financial matters. Assist with annual and project specific audit. Other duties as assigned. Required Qualifications: Bachelors degree in accounting or other business-related field plus five years of relevant professional experience or an associate's degree in the fields listed above plus seven years of relevant professional experience. Experience in project-based organizations. Strong analytical skills and attention to detail. Proficiency with Microsoft Excel. Ability to analyze and properly interpret contractual documentation with donors and other parties. Excellent communication and interpersonal skills. Ability to work effectively in a dynamic and fast-paced environment, both independently and as part of a team. Preferred Qualifications: NGO Experience Experience working in an international setting. Experience working with Deltek-Costpoint environment. Physical Demand & Work environment: Employee will sit in an upright position for a long period of time. Employee will lift between 0-10 pounds. Employee is required to have close visual acuity to perform activities such as: preparing and analyzing data and figures; transcribing; viewing computer terminal; extensive reading IFPRI Washington D.C has a hybrid work environment that allows staff members a minimum of two days (strong preference for three days) in-office work and the remaining two - three days remote work. The International Food Policy Research Institute (IFPRI) is an equal employment opportunity employer - F/M/Disability/Vet/Sexual Orientation/Gender Identity.
US Treasuries Extend Post-Fed Rally With All Eyes On Jobs Data
Treasuries rose ahead of a barrage of US data that may support bets the Federal Reserve will still cut interest rates this year, despite signs the downtrend in inflation has stalled.
Google cuts 200 jobs in global markets, plans to hire people in India: Story in 5 points
Google cuts jobs in global markets plans to hire people in India Story in points
No Ram temple or Article 370, voters focus on jobs, water in dull election
All fed up:Voters in this region are put off by the sitting MP, Chahar, apathetic to national issues
Five Pillars To Transform a Career Advancement Cell
By Mohit Singh, Director, Placements, Rishihood University. Graduating students pin their hopes of a great job right after college. And their placement cell is the most critical piece of the whole equation. If the cell falls short of expectation, careers may possibly be affected. So let me share my suggestions for how to make a placement cell overperform and become the darling of the graduating class! But first, a flashback. Embarking on a career in the placement team was a fortuitous twist of fate for me, an accidental navigator through the corridors of career advancement. My UG campus, with its flexible placement cell rules and regulations, guided me toward the best opportunities like the university entry scheme of the Army, Philips, and various healthcare corporations, a sequence of opportunities that initially filled me with joy but later sparked introspection as I was able to crack almost every opportunity. In hindsight, I began to question whether my acceptance of multiple job offers inadvertently deprived my batchmates of potentially life-changing opportunities. Without paying much heed to that thought, I started my career at Philips India in the healthcare division. Subsequently, I ventured into a bootstrap startup, which unfortunately succumbed to the challenges of securing the next level of funding. While exploring new opportunities, I unexpectedly landed a job as a placement officer at NIT Kurukshetra. Despite only meeting the basic eligibility criteria to join as a placement officer of NIT Kurukshetra, which required a minimum age of 24 and 5 years of work experience, I was able to secure the role. Although I had no prior experience in the placement industry, I managed to beat out other candidates and became the youngest placement officer in the NIT/IIT ecosystem. This was the start of my journey into the unknown. We took some bold steps immediately. Two key measures taken by our team at NIT Kurukshetra were to design a comprehensive one-year internship policy for M.Tech students and to introduce a six-month internship program for undergraduate students. Although met with skepticism initially, our decisions were backed by thorough market research and feedback from alumni and industry experts. Subsequently, I transitioned through various roles on different campuses, offering valuable insights into the contrasting dynamics of government and private institutions concerning the operation of placement cells. The data proved us right. There was a massive jump in the effectiveness of the placement cell. To distill the overarching lessons from my experience Id like to share Five Pillars To Transform a Career Advancement Cell: 1. Student-Driven Cell: Encouraging a culture where students take the lead in shaping their careers is essential. The team that drives these initiatives should be brimming with passion and enthusiasm to serve their peers equally. As the selection of unsuitable candidates can adversely affect the entire batch, students must approach this responsibility with utmost seriousness. However, their duty doesn't end with the selection process. They must represent the entire batch post-selection and approach their roles with a sense of duty and seriousness. By doing so, they can inspire their peers and contribute to building a better future for everyone. Your job: find these dynamos. 2. Corporate Readiness Modules: As I progressed further, I discovered that the key difference between an average college and an exceptional one, especially in terms of job placements, lies in the focus given to corporate preparedness programs in top-notch institutions. These institutions go above and beyond to ensure that their students possess the basic traits desired by employers. This strategic approach ensures that students are not just well-prepared, but also equipped with the necessary skills and knowledge required by leading employers. Your job: keep track of what new skills companies are looking for. 3. Continuous Feedback Mechanism: Success is within reach for those who establish a Continuous Feedback Mechanism, a vital yet often neglected element in many educational settings. It's disheartening to see that most institutions lack such a system. However, taking a proactive step by setting up a robust framework for collecting feedback from both students and recruiters can make all the difference. This systematic approach not only identifies areas for improvement but also drives the evolution of the placement process, ensuring its alignment with the constantly changing demands of the industry. Your job: take active feedback from the students and the recruiters. Dont take negative feedback personally. 4. Alumni Engagement: Alumni networks are a powerful tool that institutes can use to empower their students. By tapping into the vast wealth of knowledge and experience within this community, students can receive mentorship, guidance, and even potential job opportunities. By harnessing the strength of alumni networks, institutes can inspire their students to reach their full potential and achieve their dreams. Your job: put alumni on a pedestal. 5. Life Time Career Assistance Model: It's a unique and innovative approach to career development that helps you achieve your professional goals and aspirations at every stage of your career journey. With this model, you'll have access to personalized guidance, training, and resources that will help you stay on track and make the most of every opportunity that comes your way. Your job: keep track of the students you have placed and how theyre progressing. When it comes to building a strong career advancement cell, above mentioned fundamental components are crucial for success. These components, which I refer to as asic hygiene, serve as the foundation of a successful placement strategy and are essential for creating a thriving placement program.
Peloton CEO Barry McCarthy steps down, fitness equipment maker to cut 15% jobs
Barry McCarthy resigns as Peloton CEO, leading to 15% job cuts. Karen Boone and Chris Bruzzo step in as interim co-CEOs. Jay Hoag appointed board chair amid CEO search process.