Money

Why is the monthly jobs report important to the markets?

Why is the monthly jobs report so important to the markets?

Well, the jobs report is issued every month by the Labor Department, the first Friday of every month, and it really is a key economic indicator. The report surveys 150,000 businesses and government agencies around the country, and the unemployment rate surveys 60,000 households. The jobs report basically signals output, consumer spending. So, as you can well imagine, the stock markets rise and fall based on the jobs report.

Was there anything unexpected in last week's November jobs report?

So overall, that report was, as some economists said, a blockbuster. 266,000 jobs were created in November. That was the second highest total so far this year. The unemployment rate dropped slightly to three and a half percent. That's the lowest rate in nearly half a century.

What's the difference between a mutual fund and an ETF?

What is the difference between a mutual fund and an ETF?

So, the main difference is in how they trade. ETFs basically trade like stocks where they're exchanging hands and priced thousands of times, every single day, between the open and close. Mutual funds are priced at the end of the trading day at their net asset value. Also, ETFs are generally more tax efficient than mutual funds.

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How does Black Friday impact the economy?

How does Black Friday impact the economy?


So, Black Friday is known for kicking off the holiday shopping season and the weekend can be critical to retailer's annual performance. Investors also see it as a good indicator of the health of the retail industry. Last Thanksgiving weekend, 165 million Americans went shopping in stores and online. Online alone for Black Friday, they spent $6.2 billion.

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How do SPACs work?

What is a SPAC and how does it work?

So, SPAC is short for: Special Purpose Acquisition Company. That's when a company raises funds through an IPO and uses those funds to buy an operating business. You've seen SPACs grow in recent years and in fact, we just had one here. Virgin Galactic came public through a SPAC merger.

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What's driving the stock markets record high gains?

What do people think is driving the stock market's recent record high gains?


Well, there's really no precise answer, but analysts point to several factors. So, number one is strong third quarter earnings. Companies have reported stronger than expected results so far this season. The second is the jobs market. You saw the October jobs numbers exceed economists' expectations. And the third is the Federal Reserve cutting interest rates three times this year. That lowers borrowing costs for consumers and businesses and encourages them to spend more.

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Why Do Companies Choose To Go Public?

Why do companies choose to go public?

So, companies choose to go public for many reasons. A major one is that they need to raise capital in order to expand their businesses. They also want to raise the profile of their brand and they want to also allow early investors to exit their shares to monetize the shares that they invested in the company early on. Now, in terms of creatively raising their profile, for example, Chewy's in their IPO, had a dog on their podium.

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How Does the Stock Market Impact My Daily Life?

How does the stock market impact my daily life?

Well, the stock market is collectively a place where investors can buy and sell shares. Sometimes people think of the stock market as an economic indicator. Now, a majority of Americans, over 55 percent, are invested in the stock market through things like 401(k)'s, IRAs, and also college savings plans.

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Money In 60 Seconds Has a New Host

Money In 60 Seconds has a new host. Meet New York Stock Exchange's Executive Vice Chairman Betty Liu. You can watch her first episode of Money In 60 Seconds below:

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