More people quit their jobs in 2021 than any year on record. Was this a result of the pandemic or a bigger shift in the workplace?
Authorities in Shanghai have again tightened restrictions, amid citizen complaints that it feels endless, just as the city was emerging from a month of strict lockdown after an outbreak. But this most recent earnings reporting season for big U.S. companies has yielded less enthusiasm. Companies overall are reporting bigger profits for the latest quarter than expected, as is usually the case. But discouraging signs for future growth have been plentiful.
The higher interest rates engineered by the Fed are also hitting their stock prices particularly hard because they're seen as some of the market's most expensive. The Nasdaq composite's loss of roughly 25% for 2022 so far is much sharper than that for other indexes.
Source: Financial Digest (financialdigest.net)
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