The economy’s health and minutes from the last FOMC meeting will take center stage, with a spate of earnings also on the docket.When the government announces revised third quarter GDP figures at 8:30 am EST, analysts expect weaker numbers than previously reported as companies slashed inventories. The initial reading came in at 3.5 percent but economists in a Reuters poll now see a softer 2.9 percent.In the afternoon, investors will get a look at the minutes of the FOMC’s Nov 3-4 policy meeting and will be looking for any sign the Fed is preparing to exit its ultra-easy policy.On the earnings side of the coin, H.J. Heinz, Barns and Noble and Borders Group, along with American Eagle and Warner Music Group will unveil their latest results.
I once worked for a managing editor who felt it was his duty to pay for the majority of drinks when joining the charges after work. Needless to say, he was well liked.But leading a group of people — and yes, journalists are people, too — takes more than a few dollars in the pub to do well. A recent survey proves the point: A majority of U.S. workers do not think their bosses are truthful and one in four would fire their boss if they could.It gets worse: The poll, conducted for a human resources and placement company, found 53 percent of workers did not think their boss was honest, a similar number did not think their boss was fair or patient and two-thirds did not think their boss was loyal.On the plus side, two-thirds of workers would not change anything about their relationship with their boss, although I’m not certain what that means, or implies.The poll is timely as National Boss Day falls on Friday, Oct 16, which gives us the perfect opportunity to ask, what do you think of your boss? Leave your comments below.
In a pinch a business owner can turn to family members and ask them to help out. A quarter of small businesses have a family member working for free, according to the American Express Open Small Business Monitor.
If you’re one of the 539,000 people who lost their job last month, do you have reason to be hopeful today? The stock market seems to think so. And many of those who work in the financial sector say the April jobless report, which included an unemployment rate at a quarter-century high around 9 percent, indicates the economy is near bottom. One analyst said, “May looks much more favorable”; said another: “You can make the case that the panic layoffs that we saw at the turn of the year are starting to ease.”
Not everyone was optimistic. “The big question is has the peak in job losses hit? I am somewhat skeptical that we have seen the absolute worst of it, but you can’t rule that out,” said Jay Mueller, a senior portfolio manager at Wells Capital Management.