Why the ‘great resignation’ became the ‘great stay,’ according to labor economists

Key Points

The “great resignation” of 2021 and 2022 saw unprecedented numbers of workers quit their jobs amid ample and better-paying job opportunities. Today, it’s the “great stay.”
Businesses pulled back on hiring due to higher interest rates. Fewer job openings hindered the prevalence of quitting.
Employers aren’t laying off many workers, however, due to a “scarring” effect.

Source

Finance

Stocks making the biggest moves midday: Nordstrom, Honda, MicroStrategy, Broadcom and more

December 23, 2024

Check out the companies making headlines in midday trading: Nordstrom — The department store shares dipped more than 1% after announcing it will become a private company. Nordstrom agreed to a buyout deal valued at roughly $6.25 billion from its founding family and Mexican department store El Puerto de Liverpool. Common shareholders will receive $24.25 […]

Finance

Stocks making the biggest moves premarket: Novo Nordisk, Honda, Xerox, Tesla and more

December 23, 2024

Check out the companies making headlines in premarket trading. Novo Nordisk — The stock jumped about 5%, rebounding from the nearly 18% losses seen in the previous session. On Friday, the Danish pharmaceutical giant’s experimental weight loss drug, CagriSema, reported late-stage trial results that missed expectations . Honda – U.S.-listed shares surged 15% after the […]

Finance

How much money does Mariah Carey make from ‘All I Want For Christmas Is You’? ‘It’s a lot,’ music expert says

December 22, 2024

Key Points The 1994 holiday hit “All I Want for Christmas Is You” rakes in millions of dollars a year, experts said. The law firm Manatt, Phelps & Phillips estimates the yuletide jingle has earned $103 million globally since its debut, from sources like streaming, album sales and song downloads. Mariah Carey, the song’s performer, […]