Category: Reddit Post

This is wild. Full-time employment dropped by 1 million workers in August compared to last year, marking the 7th straight monthly decline.

Since the peak in June 2023, the number of full-time jobs in the U.S. has plummeted by a staggering 1.5 million. https://preview.redd.it/hc4a843vwmnd1.jpg?width=1200&format=pjpg&auto=webp&s=e22628196aff8b688097ca58b4c7438ba80e0cdd Meanwhile, part-time employment surged by 1 million year-over-year in August. On top of that, the number of permanent job losses jumped by 324,000 year-over-year, reaching 2.5 million – the highest since November 2021. This is the 16th consecutive month of part-time job growth, the longest streak since the 2008 Financial Crisis. How is this a “strong” labor market? submitted by /u/FXgram_ [link] [comments]

Published
Categorized as Reddit Post

Nvidia’s $NVDA 30-day stock volatility is now at its highest level since 2022. The shares of the world’s third-largest company are trading like penny stocks.

This comes after the stock surged 43% in the first three weeks of August and then dropped 18% in the following week. Now, the chipmaker has lost a staggering $650 billion in market capitalization since its peak in June. In the last three months, $NVDA has experienced six swings of 15% or more in either direction. For comparison, in the first quarter of 2022, the stock saw four swings of at least 20%. https://preview.redd.it/fcm2b6ntomnd1.png?width=800&format=png&auto=webp&s=02752bf588efcea4c872c6d63e2298ba267a08bb submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

The personal savings rate in the U.S. fell to 2.9% in July, the lowest in two years. Savings as a percentage of disposable personal income are now at the second-lowest level since the 2008 financial crisis.

The savings rate has been declining for 14 straight months. For comparison: the average savings rate during the 2009–2019 period was around 6.0%, and in the 1980s, it was around 11.0%. Amid high inflation, wage growth has slowed, leading to record credit card usage and low savings rates. Do you feel the recession? https://preview.redd.it/657ckzvaomnd1.png?width=862&format=png&auto=webp&s=02c85905bf3171b4d864d54936d5ef6a45437ad5 submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

TradingView Premium | Free Version for Windows

If you haven’t heard yet, there is a fully functional version of TradingView available with the Premium package — completely Free. TradingView Premium Free This version is compatible with Windows (7-11). Make sure to close any other instances of TradingView before launching, as it may cause conflicts. Grab it while it’s still up. submitted by /u/ApprehensiveLow1732 [link] [comments]

Published
Categorized as Reddit Post

Chris Weston, Pepperstone: China on the radar – what can turn this ship around?

All eyes have rightly been on the US data flow and obtaining clarity on the Fed’s 25bp v 50bp debate – but for those who have not watching, China should also be firmly front of mind – these charts should be on the radar. I am not into bear porn, or doomsday, just looking at trends that can shape our trading environment. Firstly, the monthly growth data dump comes out this week – the outcome of the data could matter more than usual. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

McAfee has discovered a new Android malware called SpyAgent that steals private keys by using OCR to extract text from screenshots.

More specifically, the malware uses a mechanism known as optical character recognition (OCR) to scan images stored on a smartphone and extract words from them. McAfee Labs explained that the malware is distributed through malicious links sent through text messages. https://preview.redd.it/3dmy270b2gnd1.png?width=480&format=png&auto=webp&s=87e4e673932e7f53a7ab43ba51a9ecb0af2512c8 submitted by /u/Lor1al [link] [comments]

Published
Categorized as Reddit Post