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Economists warn that the positive employment report obscures future challenges

Economists say the surprising increase in employment and decline in the unemployment rate in February have blurred the long road to a full recovery from the coronavirus recession. The United States added 379,000 jobs last month, more than twice what analysts expected, and the unemployment rate fell to 6.2%, the lowest level since March 2020. Although the February employment report …

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Establish a cash position for the next stock sell-off

CNBC’s Jim Cramer said the employment report released by the Labor Department on Friday has satisfied the market, at least during the transition period. The U.S. economy added 379,000 jobs last month, the unemployment rate dropped slightly, stocks managed to rebound from the day’s low, and a three-day difficult transaction was made to end this week’s high. Economists have predicted …

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High-priced technology stocks further plunged into the bear market

In recent months, some of the hottest technology stocks and funds have fallen into the bear market area, and investors are betting that there will be more turbulence in the future, because rising bond yields undermine the possibility of holding high-priced stocks. The stock market’s gains on Friday afternoon clearly failed to include Tesla shares and exchange-traded funds managed by …

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Elon Musk lost US$27 billion due to the huge increase in wealth in history

(Bloomberg)-Elon Musk set one of the fastest wealth accumulation records in history last year. The reversal is underway and steep. The CEO of Tesla Inc. has lost $27 billion since Monday because the automaker’s stock has plummeted due to a sell-off in technology stocks. His net worth of $156.9 billion still places him second in the Bloomberg Billionaires Index, but …

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737 MAX Announces Emergency Landing After Engine Stall, Safe Landing | Business Wire Aviation News

American Airlines’ flight with 95 passengers and 6 crew members landed safely; the 737 MAX aircraft has been under scrutiny for many years. American Airlines said on Friday that the captain of a Boeing 737 MAX flying to Newark Liberty International Airport in New Jersey declared a state of emergency after shutting down an engine due to possible mechanical failure. …

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Ford recalls first Mustang Mach-E SUV due to loose bolts

Ford recalled dozens of the first Mustang Mach-E products because of the loose bolts that hindered transportation during quality inspections. “[S]Some vehicles may have subframe bolts that the supplier did not tighten as required. “Although the problem with the affected vehicle does not meet Ford’s standards, the company is not aware of any accidents or injuries related to this situation.” …

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Fact check the mayor of Detroit’s misleading statement about Johnson & Johnson vaccine

The city’s long-time mayor, Democrat Mike Duggan, refused to deliver 6,200 Johnson & Johnson single-dose vaccines, claiming that Detroit’s needs have been met and that the quality of the vaccine is not as good as that of Pfizer and Moderna. At a press conference on Thursday, Dugan stated that “Johnson & Johnson vaccine is a very good vaccine” and Pfizer-BioNTech …

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With bleak prospects for legalization, cannabis stocks show a record downturn

On Wednesday, January 13, 2021, a worker inspects cannabis plants in the planting room of Aphria Inc.’s diamond factory in Leamington, Ontario, Canada. Tilray Inc. and Aphria Inc. agreed to merge their businesses, forming a new giant in Canada. The fast-growing cannabis industry. Annie Sakkab | Bloomberg | Getty Images For stocks such as Curaleaf Holdings, GrowGeneration and Aurora Cannabis, …

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