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softening demand for consumer electronics — big-ticket, discretionary purchases that some shoppers can postpone. As recession worries linger, the U.S. jobs market appears increasingly segmented. U.S. job openings in June dropped sharply, but the labor backdrop remains tight, with 1.8 open jobs per available worker. Many of the companies that boomed during the pandemic, including Walmart’s major competitor Amazon, have started to scale back on hiring. Amazon’s headcount shrank by 99,000 people to 1.52 million employees globally at the end of the second quarter. The company’s workforce had almost doubled in size during the Covid health crisis as it rushed to keep up with customer demand for groceries, puzzles and more online. How a summer surplus and inflation are changing the way we shop AUG. 4, 202202:28 That reduction was primarily due to attrition, Amazon Chief Financial Officer Brian Olsavsky said on a call with reporters after the company’s second-quarter earnings report last week. Other companies, including Shopify and Robinhood, have also recently announced layoffs. And still others, such as Facebook parent Meta and Google parent Alphabet, have said they will slow hiring or focus on more productivity with current workers. It’s unclear whether Walmart has also slowed its pace of hiring at stores and warehouses, which would allow attrition to shrink its workforce. The company will report its quarterly earnings on Aug. 16 and will likely provide an update on overall headcount. Melissa Repko, CNBC Melissa Repko is a retail and consumer reporters for CNBC.com. Annie Palmer, CNBC contributed.
Aug. 4, 2022, 12:09 AM +07 By Carmen Reinicke, CNBC and Tanaya Macheel, CNBC U.S. stocks rallied Wednesday, as traders cheered better-than-expected economic data that slowed down the idea that a recession is inevitable. The Dow Jones Industrial Average rose 406 points, or 1.25%. The S&P 500 gained 1.46%, and the Nasdaq Composite increased 2.32%, boosted by rising tech stocks. Earnings season continued, giving investors hope that the market can recover. Moderna surged more than 15% and CVS Health gained nearly 5% after reporting earnings beats. Stocks rebound as investors cheer strong economic data AUG. 4, 202203:16 Comments from St. Louis Federal Reserve President James Bullard also boosted sentiment. He told CNBC Wednesday morning that he doesn’t think the U.S. is currently in a recession, and that rate hikes to tame high inflation will continue. “We’re going to have to see convincing evidence across the board, headline and other measures of core inflation, all coming down convincingly before we’ll be able to feel like we’re doing our job,” Bullard said during a live “Squawk Box” interview. Bullard’s comments echo remarks made by other Fed officials. San Francisco Fed President Mary Daly said Tuesday the central bank’s work to tame inflation is “far from done.” Get the Morning Rundown Get a head start on the morning’s top stories. SIGN UP THIS SITE IS
Product detail for this product:
Suitable for Women/Men/Girl/Boy, Fashion 3D digital print drawstring hoodies, long sleeve with big pocket front. It’s a good gift for birthday/Christmas and so on, The real color of the item may be slightly different from the pictures shown on website caused by many factors such as brightness of your monitor and light brightness, The print on the item might be slightly different from pictures for different batch productions, There may be 1-2 cm deviation in different sizes, locations, and stretch of fabrics. Size chart is for reference only, there may be a little difference with what you get.
- Material Type: 35% Cotton – 65% Polyester
- Soft material feels great on your skin and very light
- Features pronounced sleeve cuffs, prominent waistband hem and kangaroo pocket fringes
- Taped neck and shoulders for comfort and style
- Print: Dye-sublimation printing, colors won’t fade or peel
- Wash Care: Recommendation Wash it by hand in below 30-degree water, hang to dry in shade, prohibit bleaching, Low Iron if Necessary
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