Yesterday Walmart rather shocked everyone by announcing that wages would rise to a minimum of $9 an hour this year and to $10 an hour for those who have finished their training next. This will mean pay raises for 500,000 of their staff and will cost the company, in the […]
Obama joked that “half of the stuff my staff came up with was below average.” – here is a lesson to learn about Big Data. We do not need ALL data (certainly not the one below average) but we need only the RIGHT data.
Award-winning playwright August Wilson, who chronicled life in the Pittsburgh neighborhood where he grew up, is the subject of a new PBS documentary , premiering on the 70th anniversary of his birth, February 20.
Agreement between employers and union set to ease crippling congestion
Power no longer resides at the top of hierarchies, but at the center of networks.
Two sides agree terms to end backlog of freight at 29 ports which could have ended up costing the US economy billions of dollars
Shipping companies and terminal operators clinched a tentative deal with the dockworkers union on Friday, settling a labor dispute that led to months of cargo backups at ports on the west coast of America.
The deal, confirmed in a joint statement by the two sides, was reached after the US labor secretary arrived in San Francisco this week to help broker negotiations that had dragged on for nine months between the shippers and the International Longshore and Warehouse Union.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
What you are about to read from CNN is just the very beginning of the intentional demonization of a growing segment of the U.S. population that rightly believes the government is run by a
Brazil’s Attorney General lowers the boom on Petrobras cartel, with fines in the billions.
The S&P 500 started last week at new all time highs, and despite the prevailing skepticism, it continued to make further new highs as the week progressed. Even though the NYSE Composite has not yet made new highs, the daily NYSE Advance/Decline broke out to a new high on February 3 and convinced me the next day that stocks did have enough juice to breakout to the upside.
Despite the many positive technical readings for the stock market, there are no signs yet that prices are ready to accelerate to the upside. Stocks had been ready for a pullback last week and the selling early Friday, if it continues into the close, could be the start of a welcome pullback. Stronger signals could develop by early March and I continue to think that stocks have the ability to melt up in 2015.
After January’s lower close, the strong action so far in February has not been surprising. The January 2014 S&P decline of 3.43% was followed by a 4.31% gain in February. As of the close on Thursday, February 19, the S&P 500 was up 5.1% for the month. If the S&P can maintain these gains through the end of the month, it would be the best February since 1998 when the S&P was up 7.04%.