from Challenger Gray and Christmas
Job cuts increased by about 10 percent in June, as employers announced plans to reduce payrolls by 44,842 workers during the month. Meanwhile, heavier-than-expected downsizing throughout the first half of 2015 pushed the midyear total to its highest level since 2010
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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by Challenger Gray and Christmas
This week, millions of American workers will take advantage of the three-day weekend resulting from the Friday observance of Independence Day, which falls on Saturday. Many will stretch that three-day weekend into a four- or five-day weekend by using one or two of their precious vacation days. After all, if you can get a proper five-day vacation by only using two vacation days, why not take advantage?
Infographic Of The Day: Integrated Payment System
Whether you operate a restaurant, coffee shop, retail store, or bar, an integrated payment system is crucial to your business’s future success.
FOREX NEWS by DailyForex
The results of the first opinion poll of Greek voters conducted since the weekend’s dramatic events was released this morning by the Efimerida ton Syntakton newspaper. The survey showed 54% voting “NO” and 33% voting “YES” with the remainder presumably undecided.
Opinion polls show that the Greek people want to remain within the Euro. It is probably also true that the Greek government desires to remain within the Euro. Find out what the expert traders at DailyForex.com think about the current Greek crisis here.
With the dramatic events of Friday and Saturday still being considered, the European Central Bank (ECB) met on Sunday and decided that it would not extend Emergency Liquidity Assistance (ELA) to the Greek central bank above its current level of €89 billion.
With d(default)-day right around the corner, Prime Minister Alex Tsipris believes he hasn’t lost the battle just yet. In a television interview several hours ago, Tsipris suggested that European leaders would not have the nerve to kick his country out of the eurozone membership and that the cost of their doing so would be “enormous.”
Last week saw the final trading session for the week, the month and the quarter from the perspective of these summaries. Much of that time has been pre-occupied with the Greek crisis which seems to have come to a head now.
by Michael Haltman
Is an economic red alert called for?
As the owner of a title insurance provider reliant on a healthy and vibrant U.S. economy that hopefully leads to the same in the real estate market, I am always searching for clues to provide me with indicators both for today and moving forward into the future!
Written by Erik McCurdy, Prometheus Market Insight
In early June, we noted that the historic stock market bubble had begun to exhibit early signs of weakness, suggesting that the bull market from 2009 was becoming susceptible to a long-term reversal. Two days later, the short-term uptrend experienced a meaningful breakdown when the S&P 500 index closed well below support at the lower boundary of a rising wedge formation on the daily chart.
30Jun2015 Pre-Market Commentary: Greek D-(efault) Day, Grexit Almost Assured, Markets Relatively Sta
Written by Steven Hansen
Econintersect's Economic Index strengthened partially reversing last month's decline. Still, the tracked sectors of the economy remain relatively soft with most expanding at the lower end of the range seen since the end of the Great Recession. Thinking through the reasons for this month's increase, it was the improvement in a few areas from terrible to marginal growth.