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Many employees feel stuck and are just waiting for an opportunity to move on. These strategies can help you reduce costly turnover.
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A screen of 11 off-price retailers shows Five Below with the fastest sales growth, but analysts see the most upside in Burlington Stores' stock.
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Bridgepoint has reinvested in Brevo, a European specialist in email marketing software, as part of the company's latest €500m financing round - giving the company unicorn status.
The post Deal Roundup: Brevo becomes a unicorn as Bridgepoint reinvests, Thoma Bravo completes Azul majority stake buy appeared first on AltAssets Private Equity News.
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Payrolls data came in weaker than expected, which raised bets for a Fed rate cut.
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The Federal Reserve served up a widely expected third consecutive jumbo rate hike when it concluded its regularly scheduled two-day meeting on Wednesday. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points. (A basis point equals 0.01%.)
SEE MORE 16 Dividend Kings for Decades of Dividend Growth
Although the move matched consensus expectations, a significant portion of the bond market - and plenty of traders and tacticians, for that matter - were bracing for a whopping 100 bp rate hike. Uncertainty over just how hawkish the Fed would reveal itself to be has cast a pall on equities over the preceding weeks, and so a rate hike of "only" three-quarters of a percentage point was actually met with some relief. Stocks sold off sharply when the Fed released its statement at 2 p.m. Eastern, but then drifted back into positive territory during Powell's press conference, which began a half-hour later.
Ultimately, however, the major indexes finished in the red. That's because the Fed's bottom line is that inflation is by no means under control. And while there might be ample anecdotal and emotional evidence pointing to the contrary, the economy is simply running too hot. An imbalance in supply and demand in the labor market and related strong real wage growth, snarled supply chains and a rising dollar are just some of the factors confounding monetary policymakers - not to mention corporate revenues and profit margins.
As we've
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