![]() Yeh, it’s a bit meta, but that’s exactly what our Emerging Tech Kit does through the use of AI. That’s why it helps to use cutting edge tech in order to identify the best opportunities for investing in cutting edge tech. When you’re talking about your financial future, that’s almost certainly not the right risk to take.Īnd when you have an industry that moves as fast as tech, it’s even hard to pick who the winners and losers are going to be. Placing a bet on a single horse (or tech company) can definitely pay off big if you make the right call, but it’s a heck of a lot of risk as well. With that in mind, investors need to focus on diversification. It’s a reminder to investors that nothing lasts forever, and there are always new challenges and opportunities that can change the status quo. With a direct link to users’ Instagram accounts enabling fast signup and the ability to follow all the same accounts with the click of a button, Threads has managed to gain 30 million users in its day.Īfter the rise of TikTok, this has the potential to be the second biggest shakeup in the social media landscape over the past couple of years. Meta has seen an opportunity to take a huge swathe of social media real estate, and have this week launched their Twitter competitor called Threads. For all Twitter’s faults, they’ve remained the big dog in the fight. One thing that all of these upstarts have in common is that they’re small scale startups with limited budgets. Platforms such as Mastodon, and Donald Trump’s Truth Social have failed to make any major inroads, while BlueSky Social, a decentralized social platform run by Twitter’s original founder Jack Dorsey, remains in invite-only private beta. So it’s no surprise that many companies have been looking to strike while the opportunity is hot. No stranger to controversy, Musk has covered a lot of ground in this time, with controversies over censorship, mass layoffs of a reported 75% of staff, sloppy implementation of new monetization methods and removal of the legacy ‘blue ticks’ for journalists and public figures. Twitter has been feeling the heat since Elon Musk took the company private back in October 2022. It missed the forecast 240,000 new jobs with a result of 209,000, showing that the private sector is doing the heavy lifting in the labor market. On the other hand, the US Jobs report was far less exciting. Markets were down significantly on the news, as the strong results mean a rate cut simply isn’t going to happen at the next Fed meeting, particularly considering the minutes from the last meeting. ![]() Leisure and hospitality were the biggest drivers of the jump with 232,000 new jobs, somewhat flying in the face of the cost of living pressures narrative. The ADP report showed that 497,000 new jobs were added in June, well over and above the 220,000 that had been predicted by analysts and the 267,000 figure from May. The BLS report fills in the blanks by including data from the public sector.Īnd this month, payrolls have come in sky high. The figures don’t tell the whole story, but are a very good indicator of the overall employment picture. There are two different jobs reports that come out each month within a few days of each other (yep, how unusual for economic data to be complicated!), the ADP jobs report and the Bureau of Labor Statistics (BLS) US jobs report.ĪDP is a big provider of HR and payroll software to the private sector, meaning they get the lowdown on the private sector job market every month based on company payroll data. ![]() The jobs figures for June have been released and the private sector results have smashed expectations, while the overall US jobs report was more muted. Major events that could affect your portfolio And download Q.ai today for access to AI-powered investment strategies. Subscribe to the Forbes AI newsletter to stay in the loop and get our AI-backed investing insights, latest news and more delivered directly to your inbox every weekend. Meta’s attempted takedown of Twitter has officially launched, with Threads adding 30 million users overnight.The Bureau of Labor Statistics US jobs report was far more downbeat, with 209,000 new jobs added against consensus predictions of 240,000.The ADP jobs report has come in way over the level analysts were projecting, with 497,000 new jobs added for June.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |