What we’re reading (7/22)
“Americans In Their Prime Are Flooding Into The Job Market” (Wall Street Journal). “Americans between 25 and 54 years of age are either employed or looking for jobs at rates not seen in two decades, a trend helping to counter the exodus of older baby boomers from the workforce. Economists define that age range as in their prime working years—when most Americans are done with their formal education, aren’t ready to retire and tend to be most attached to the labor force.”
“American Airlines Boosts Pilot Contract Offer By $1 Billion After United Deal” (CNBC). “The new offer from American Airlines would bring the four-year offer’s value to around $9 billion, and match United pay rates, backpay and other benefits such as sick time and life insurance, CEO Robert Isom said in a message to pilots on Friday.”
“Even Congress Thinks Its Members Should Stop Playing The Stock Market” (Vox). “The vast majority of voters do not want members of Congress to trade stocks. Plenty of members of Congress say they don’t think they and their colleagues should be playing the stock market either. And so a piece of bipartisan legislation has just landed that would accomplish just that. How this bill will fare, like multiple others before it, is unclear.”
“One Of Wall Street’s Favorite Chipmakers Has Seen Its Value Tumble As Worker Shortages And Delays Dent Investor Hype” (Insider). “While Nvidia has outperformed just about every major tech stock this year with a more than 200% surge, chipmakers generally have been stuck in a malaise: Demand is waning, personal computer and smart phone sales are down, and the outlook for a rebound is bleak amid a muddled global economic picture.”
“‘Barbie,’ ‘Oppenheimer’ Doubleheader ‘Pinnacle Of The Year’ As Box Office Lags 2019” (Yahoo! Finance). “Current year-to-date box office levels, although up 12% compared to last year, are still down roughly 20% versus 2019, according to Comscore data. That could change heading into the back half of the year.”
