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Online Vacation Center Holdings Corp. Posts Results
Online Vacation Center Holdings Corp. (OTCPK:ONVC), posted its FY 2022 results, along with Q1 2023 and Q2 2023, on October 9, 2023. About Online Vacation Center Holdings Corp. Online Vacation Center Holdings Corp.
Us non-farm payrolls fell sharply lower than expected for the second month in a row
Us payrolls fell below expectations for the second month in a row, signalling a weak labour market recovery and complicating the Fed's decision to start scaling back its monetary stimulus measures before the end of the year. Non-farm payrolls rose by 194000 in September and were revised upwards to 366000 in August, according to data released by the Labor Department on Friday. The unemployment rate fell to 4.8% and the average hourly wage jumped. Economists surveyed by Bloomberg forecast a median increase in non-farm payrolls of 500000 in September. Several months of sluggish job growth shows that there is a tug-of-war between employers and job seekers. On the one hand, enterprises need
Morgan Stanley downgraded the US stock rating to reduce holdings due to increased risk
Morgan Stanley downgraded its proposal for the US stock market to a reduction in holdings and adjusted global stock ratings to equal weight on the grounds that economic growth by the end of October faced “huge risks.” Strategists, including Andrew Sheets, wrote in a report on Tuesday that the tension between increased cases of the coronavirus Delta variant, higher inflation expectations, low yields, and loose monetary policies is having an impact. While this investment bank remains cautious about the US stock market, the S&P 500 index has outperformed global stock markets this year and has repeatedly reached new highs, even though COVID-19 cases in many regions of the world have begun to recur
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