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Future of Work is Here: SemperVirens Venture Capital to Bridge Emerging HR Technology with Fortune-200; Announces Executive Advisory Board of Leading Chief Human Resources Officers
Future of Work is Here: SemperVirens Venture Capital to Bridge Emerging HR Technology with Fortune-200; Announces Executive Advisory Board of Leading Chief Human Resources Officers SemperVirens Venture Capital, a leading early stage venture capital fund focused on technology transforming work, health, and financial wellness, announced today that it has established an Executive Advisory Board of leading CHROs focused on the future of work. The Executive Advisory Board will leverage their deep experience managing human capital at scale to shed light on how the countrys largest employers can and will implement technology to help their employees work more effectively, live healthier lives, and earn more take-home pay.
Jeff Chiu / AP
Originally published on January 27, 2021 5:04 pm
The resurgence in the pandemic likely dealt a major blow to the U.S. economy in the last three months of the year, though it is not expected to have delivered a knockout punch.
Most economists expect fourth-quarter gross domestic product data on Thursday will show a significant slowdown compared to the July to September quarter, when the economy staged a sharp recovery from the early days of the pandemic.
Key sectors such as leisure and hospitality have been hit hard by the pandemic s resurgence, and had it not been for the $900 billion rescue package that Congress passed in the final weeks of December, the economy might have started 2021 with a double-dip recession.
By Niv Elis - 01/27/21 04:19 PM EST
Stock markets closed with significant losses on Wednesday, even as the Federal Reserve kept interests locked at near-zero, amid unusual trading activity fueled by online amateur investors.
The Dow Jones Industrial Average lost 635 points, or 2.1 percent, its largest drop in the past three months, while the S&P 500 erased its gains for the year, dropping 98.8 points, or 2.6 percent.
The drops were undeterred by Federal Reserve Chairman Jerome Powell, who backed additional fiscal support and dismissed concerns that it would lead to a spike in inflation.
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President Biden is pushing a $1.9 trillion COVID-19 relief package.
Federal Reserve Chairman Jerome Powell on Wednesday said that the United States’ economic recovery hinges on the progress of vaccination drives.
“There’s nothing more important to the economy than people getting vaccinated,” Powell told reporters during a virtual press conference following the Fed’s two-day policy meeting.
Powell added that he has been vaccinated once and expects to get his second jab “soon”.
As expected, Fed policymakers voted unanimously to keep the central bank’s benchmark interest rate unchanged at near zero. In a post-meeting statement, the Fed said that the pace of the rebound in US economic activity since the depths of the COVID-19 crisis has “moderated in recent months with weakness concentrated in the sectors most adversely affected by the pandemic”.
U.S. stocks book worst daily losses since October as Powell stresses long road to recovery and short squeeze drama plays out MarketWatch 1/27/2021
MARKET SNAPSHOT
Stocks closed sharply lower Wednesday, leaving the Dow and S&P 500 index negative for 2021, on mixed earnings reports and after Federal Reserve Chairman Jerome Powell underscored the long road to economic recovery ahead, following the central bank’s first policy meeting of 2021.
Investors also were transfixed by trading in videogame retailer GameStop Corp. GME, which has surged more than 1,700% this month, as well as in a few other key heavily shorted stocks favored by an army of individual investors organized via Reddit’s wallstreetbets forum.