The Kellington Times
Here’s Why There Are Millions Of Job Openings, But Little Hiring
Wall Street professionals and economists were predicting that April’s jobs report would show that the United States economy created over one million news jobs. Then, when the U.S. Department of Labor released the actual numbers, it was only about 25% of what they expected.
Anticipation Of 1 Million New Jobs Dashed, As Only 266,000 Were Added In April
In an exuberance of mistaken confidence, major publications prematurely ran headlines predicting “1 million or more” jobs. In a relatively disappointing jobs report, instead of a “monster U.S. payroll number,” only 266,000 new jobs were created in April, and the unemployment rate was little changed at 6.1%, the U.S. Bureau of Labor Statistics reported Friday. There was more bad news as March’s original estimate of 916,000 was revised downward to 770,000.
Elon Musk: ‘Cryptocurrency is Promising, But Please Invest With Caution’
Elon Musk, the CEO of Tesla and SpaceX, has been a key proponent in the latest surge of interest in dogecoin, according to analysts, as he consistently tweets about the cryptocurrency. But ahead of his appearance on “Saturday Night Live” on NBC on May 8, Musk had a new message for his 53 million Twitter followers.
Elizabeth Holmes Back In Court For First Time In 15 Months, Putting Silicon Valley Culture Under Scrutiny
A pregnant Elizabeth Holmes appeared in court for the first time in 15 months for three days of hearings that will set the stage for her criminal fraud trial.
Washingtonian CEO’s Ominous Op-Ed Leads To Staff Revolt
Merrill wrote that if workers are reluctant to return to the office in person, she and other executives would be tempted to change their status from “employee” to “contractor,” thereby altering their pay structure and eliminating basic benefits like health care and retirement savings.
Goldman Sachs Internal Memo Unveils New Cryptocurrency Trading Team
Goldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street. The bank informed its markets personnel on Thursday that a newly created cryptocurrency trading desk had successfully traded two kinds of bitcoin-linked derivatives, according to an internal memo obtained exclusively by CNBC.
Silicon Valley Saved California During Covid, But People Still Want To Leave
For all the talk of a California exodus, the largest U.S. state is in the midst of an economic resurgence. When Covid-19 shut down much of the economy in early 2020 and forced office workers to log on from home, some in the tech industry packed their bags, publicly announcing their permanent departure from California. Others just hit the road, uncertain of where the future would take them.
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