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The labor shortage is getting worse: half of the small businesses in the United States do not recruit enough people, and more than 40 percent of the small businesses are forced to raise wages.
Fifty per cent of small business owners in the US reported job openings in August, an all-time high, the National Alliance of Independent Enterprises (NFIB) said on Thursday. The proportion of small businesses that do not hire enough workers is the highest since records began in 1986, up one percentage point from 49 per cent in July, according to NFIB. In addition, 41 per cent of small business owners said they had raised wages to attract workers, an all-time high. Bill Dunkelberg, chief economist of NFIB, said in a statement: "the owners raise wages in order to attract workers, and these costs are positive."
LIZHI INC's net revenue rose 3.35% before trading, and Q2's net revenue increased by 59% compared with the same period last year.
LIZHI INC (LIZI.O) rose 3.35% before trading. Net revenue of LIZI.O Q2 was up 59% year-on-year, and the average number of monthly active users on mobile was up 9% year-on-year.
European stock markets generally closed higher, and Germany's DAX30 index continued to reach record highs
FX168 Financial News (North America) News European stock markets generally closed higher on Friday, and investors digested key US employment reports. Meanwhile, according to people familiar with the matter, the finance ministers of the G7 are close to reaching an agreement to raise the minimum global corporate tax rate to at least 15%. The pan-European Stoxx 600 index closed 1.78 points, or 0.39%, to 452.57 points; the German DAX30 index closed up 60.23 points, or 0.39%, to 15692.90 points. The index reached a record closing high for the fourth consecutive trading day, rising 1.31% this week; FTSE 100 in the UK
Fund managers warn that most investors are unprepared for a surge in US bond yields
Last week's surge in US Treasury yields triggered stock market turmoil, with one fund manager warning that investors were ill-prepared for the coming "pain". Cole Smead, president of Smead Capital Management, said on Tuesday that investors need to weigh whether a company is affected positively by the economic recovery or by the negative impact on the "currency price" of the recovery. "I don't think investors have taken into account the divergence between the economic recovery and the stock market decline," Smead said. Yields on benchmark 10-year Treasuries rose sharply last week due to the launch of COVID-19 vaccine
The 10-year Treasury yield fell back below 1.40%.
Long-term Treasury yields tumbled on Friday, supported by buying at the end of the month. The move comes a day after poor seven-year issuance exacerbated the decline in government bonds, with the benchmark 10-year yield rising more than 1.6 per cent at one point to a 12-month high. The 10-year yield fell as much as 14 basis points to 1.3776 per cent today. The yield curve flattened as long-term bonds outperformed. About 110000 10-year Treasury futures traded in the three minutes around 4 p.m., and yields fell to the day's lows. The spread on the 10-year yield fell to about 125 basis points compared with the two-year period.
Copper prices rise above $9,000, historic shortage warning sparks record rally
The price of copper rose above 9,000 US dollars per ton for the first time in more than nine years. Bets on a rebound from the epidemic have triggered a warning that there may be a historic shortage. This economic trend vane is expected to record the longest continuous increase in history. Copper prices rose more than 2% on Monday, and February is expected to achieve an unprecedented 11-month increase. Driven by expectations that post-pandemic consumption will exceed short-term supply, basic metals have risen sharply, while raw materials such as copper and nickel have been boosted by their importance to the clean energy transition. Given the sharp upward pace, market observers have begun discussions on whether a new commodity supercycle is imminent. LME