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The job market is so good, candidates aren't even showing up for interviews

The job market is so good, candidates aren't even showing up for interviews

Finance
How to ace a job interview Chandra Kill had scheduled face-to-face interviews with 21 candidates to fill some job openings at her employment screening firm. Only 11 showed up. "About half flaked out," said Kill. "They seem so excited and interested, and then they don't show up or call and you are left wondering what happened. A year or two ago it wasn't like this." With the US unemployment rate at its lowest in 18 years, and more job openings than there are people looking for work, candidates are bailing on scheduled interviews. In some cases, new hires are not showing up for their first day of work. "We are in a unique situation where there has definitely been a shift in the employment world as far as supply and demand," said Susie Willingham, director of talent acqui...
Crude oil prices rebound as market tensions ease

Crude oil prices rebound as market tensions ease

Business
Aug. 17 (UPI) -- Fading global trade and geopolitical concerns brought the price of crude oil back into positive territory on Friday, but look to finish the week lower. Brent crude oil prices lost more than 2 percent on Wednesday after the U.S. government reported a build in domestic crude oil inventories. Broader economic concerns were triggered earlier in the week when U.S. President Donald Trump turned his trade ire on NATO ally Turkey. So far, however, the Turkish economy has been able to weather the storm. Following a contentious summer of tit-for-tat trade action, meanwhile, the Chinese government said it was gearing up for economic talks with the United States later this month. "While oil holds the 200-day moving average, after a major seasonal sell-off, the concerns about a seriou...
​Good time for the market, MF right way for entry: Sebi Chairman Ajay Tyagi

​Good time for the market, MF right way for entry: Sebi Chairman Ajay Tyagi

Finance
NEW DELHI: Mutual fund is a very good story in India as assets under management doubled in the last four years, Sebi Chairman Ajay Tyagi told ETNow today. He drove home the point that Sebi has taken up a lot of reforms concerning distributors. “We will also meet AMFI next month as well,” he added. The chief of the Securities and Exchange Board of India called on investors to go the MF way as that's "the right way to enter equity markets". With the BSE Sensex and NSE Nifty at their all-time highs, Tyagi stressed that this is good time for markets. “The Sensex has given the best performance among emerging markets this financial year,” he added. The 30-share index climbed its fresh life high of 36,929.69 today while the Nifty was some 20 points away from its record at...
Companies appear to be gaining market power

Companies appear to be gaining market power

Finance
COMPETITION forces companies to keep prices low to attract customers. But if a few firms become powerful enough, they can see off competitors and charge more. A new working paper by Jan De Loecker of the University of Leuven and Jan Eeckhout of University College London presents evidence that this is happening across the rich world.The researchers examine markups—selling prices divided by production costs. At 1, products are sold at cost; above 1, there is a gross profit. Using the financial statements of 70,000 firms in 134 countries, the authors find average markups rose from 1.1 in 1980 to 1.6 in 2016.America and Europe saw the biggest increases (see chart). But in many emerging markets markups barely rose. In China they fell. That suggests rich-world firms may have been able to i...
New sectors taking charge as market seeks to rebound

New sectors taking charge as market seeks to rebound

Finance
NEW DELHI: Even though the benchmark indices have largely recovered from their Januray lows, most sectors that led the charts between February 2016 and January 2018 – the phase during which Sensex rallied 58 per cent to 36,450 from 23,000 –are not finding favour with investors. They are now ruling at the bottom of the performance charts, making way for a comeback by those sectors which missed the earlier rally, data showed. The BSE Realty index has fallen 22 per cent since January, emerging best performer among all sectors between February 2016 and January 2018 with a 154 per cent surge. PSU stocks, too, have gone off investor radar. The BSE PSU index has slipped 21 per cent in the recent fall, compared with a 65 per cent rise over the preceding 29 months. The BSE Metal index, the third b