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The CEO of the world’s largest wealth manager says stocks have more upside ahead and most investors should put more money to work

October 13, 2020

a man wearing glasses and looking at the camera: Shannon Stapleton/Reuters

© Shannon Stapleton/Reuters
Shannon Stapleton/Reuters

BlackRock CEO Larry Fink told CNBC on Tuesday stocks have more upside ahead and most investors should put more money to work in the market.
“I believe we still have more to go on the upside even in front of probably rising infection rates with COVID-19,” Fink said.
With interest rates lower for longer and the likelihood of a second fiscal stimulus, Fink expects the market to move higher.

BlackRock CEO Larry Fink told CNBC on Tuesday that stocks have more upside ahead and investors should put more money to work in the market.

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“We have a strong conviction that the average investor still is under-invested and they’re going to have to be putting more and more money to work over the coming months and maybe even years,” Fink said. “I believe we still have more to go on the upside even in

This marketing agency pivoted to helping local nonprofits pro bono after losing work to Covid-19

October 9, 2020

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As the coronavirus pandemic’s impact in the U.S. became more severe in the spring, organizations such as Atlanta Volunteer Lawyers Foundation realized their services were going to be more in-demand than ever.

a little girl looking at the camera: Extra Special People, a nonprofit that serves families with people with disabilities, needed to figure out how to safely host its annual summer camp that provides care to 300 people and their families during the pandemic.

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Extra Special People, a nonprofit that serves families with people with disabilities, needed to figure out how to safely host its annual summer camp that provides care to 300 people and their families during the pandemic.

The nonprofit, which provides free legal services and social support to people experiencing intimate partner abuse as well as landlord-tenant issues, needed to recruit more attorneys to keep up with an increasingly dire caseload.

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Faced with the risks of the virus itself, people experiencing domestic violence were left with little option but to stay in close contact with their abusers at home, says AVLF communications manager Ashleigh Starnes. Additionally, “The housing crisis in Atlanta was bad

Remote workers are being recruited, but WFH doesn’t work for some

October 8, 2020

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DALLAS — Working from home has become more than a way to get through the pandemic.

It’s now a favored perk for some employees and a necessary lifestyle for others. For some companies, it’s also become a powerful recruiting tool.

AmeriSave Mortgage Corp. has been hiring people from around the country to report to the office in Plano, Texas. By leading with the opportunity to work remotely, it’s attracted a flood of candidates even while raising the qualifications to apply.

“I jumped on it because I’ve known about the opportunities at AmeriSave, and I didn’t want to leave my family in Nebraska,” said Noah Peters, who worked for the city of Omaha before becoming a work-from-home loan originator in July. “I’m an in-person kind of guy, but this was pretty seamless. I love what I’m doing and I’m happy I made the change.”

Bottle Rocket, a technology firm based in

SEIU and AFL-CIO file complaint with International Labour Organization about U.S. work laws

October 7, 2020

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The complaint details numerous ways U.S. labor law and enforcement are failing workers, and spotlights their further weakening under Trump.

And it charges the United States with violating workers’ rights in terms not typically associated with well-off countries, at one point saying the bind many essential workers have been placed in during the pandemic — forced to risk infection or lose their jobs and potentially unemployment benefits — amounts to a system of forced labor.

The complaint is another sign of the frustration over the treatment of workers under the Trump administration, and it places the United States in the realm of potential wrongdoing typically occupied by less-developed and less-democratic countries.

“Covid has laid bare what we already knew,” Richard Trumka, the president of the AFL-CIO said in an interview. “It has demonstrated that not only is the U.S. violating workers’ rights, but those violations are resulting in people dying.

how does it work and who is eligible?

October 7, 2020

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Video: Budget to shift government COVID-19 strategy from ‘job retainment to job creation’ (Sky News Australia)

Budget to shift government COVID-19 strategy from ‘job retainment to job creation’

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The Coalition has announced a wage credit worth up to $200 a week per employee if businesses hire young people.

a man standing on a table: Photograph: Lukas Coch/AAP

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Photograph: Lukas Coch/AAP

The jobmaker hiring credit will cost $4bn over three years to support the employment of 450,000 people aged 35 and younger.

The measure was welcomed by employers but there are already concerns about what an incentive to hire one cohort of people at risk of unemployment will do to others who miss out.

a man standing on a table: The jobmaker hiring credit announced in the budget is worth up to $200 a week for each employee.

© Photograph: Lukas Coch/AAP
The jobmaker hiring credit announced in the budget is worth up to $200 a week for each employee.

Why do it?

Youth unemployment is now 14.3%, more than double the general rate

‘Work from work:’ How a U.S. energy firm’s office return left some employees bruised

October 6, 2020

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By Liz Hampton and Erwin Seba

HOUSTON (Reuters) – As the world experimented with working from home, U.S. energy firm Phillips 66 Co <PSX.N> went the other way: it imposed a “work-from-work” policy for staff at its Houston headquarters in May even as the city became a hot spot for the pandemic.

After a brief spike in COVID-19 cases in July, Phillips 66 avoided a major outbreak while remaining nearly fully staffed at its 1.1 million-square-foot Houston campus. The policy also put the company’s white-collar workers on the same footing as refinery staff who were unable to work from home due to the nature of their jobs. Phillips 66 told its employees it hoped to pioneer a safe return to the office that would encourage others to do the same and drive a recovery in demand for gasoline, the company’s main product.

But the decision by the fourth-largest U.S. oil

‘Work From Work:’ How a U.S. Energy Firm’s Office Return Left Some Employees Bruised | Investing News

October 6, 2020

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By Liz Hampton and Erwin Seba

HOUSTON (Reuters) – As the world experimented with working from home, U.S. energy firm Phillips 66 Co went the other way: it imposed a “work-from-work” policy for staff at its Houston headquarters in May even as the city became a hot spot for the pandemic.

After a brief spike in COVID-19 cases in July, Phillips 66 avoided a major outbreak while remaining nearly fully staffed at its 1.1 million-square-foot Houston campus. The policy also put the company’s white-collar workers on the same footing as refinery staff who were unable to work from home due to the nature of their jobs. Phillips 66 told its employees it hoped to pioneer a safe return to the office that would encourage others to do the same and drive a recovery in demand for gasoline, the company’s main product.

But the decision by the fourth-largest U.S. oil refiner

UK Launches Scheme to Help New COVID Jobless Back Into Work | Investing News

October 4, 2020

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LONDON (Reuters) – The British government launched a new employment programme on Monday aimed at helping those left jobless due to the COVID-19 pandemic to get back into work.

The Department for Work and Pensions said the Job Entry Targeted Support (JETS) scheme would be backed by a 238 million pound ($308 million) investment.

The ministry said jobseekers put forward for the scheme would have access to tailored, flexible support to quickly get back into employment. This could involve specialist advice on how people could move into growing sectors, as well as coaching on CVs and interviews.

“JETS will give recently unemployed people the helping hand they need to get back into work, boosting the prospects of more than a quarter of a million people across Britain,” said Secretary of State for Work and Pensions Therese Coffey.

A government subsidy scheme for workers on furlough is due to expire on

A welder who’s been out of work since February shares his story

October 4, 2020

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Dodd (not pictured) has been out of work since February. Juan Silva/Getty Images

Garrett Dodd is a 22-year-old welder in the North Dakota oil fields based in Watford City, North Dakota.
He’s been unemployed since February.
In the meantime, he’s started doing photography and media production, but he says he’s not done with welding just yet.
This is his story, as told to Will Meyer.
Visit Business Insider’s homepage for more stories.

I moved to Watford City, North Dakota, from Fort Worth, Texas, in 2017.

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I was part of a very active welding program in high school, and I had a really good teacher who got me interested in it. I started welding right out of high school. I worked for a city for a little while; I thought that’s where I was going to retire at one point in time. And thankfully

South African coffin-maker saw COVID-19 at work and at home

October 4, 2020

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title=s — A worker constructs coffins at Enzo Wood Designs, in Johannesburg, Wednesday, Sept. 30. 2020. Casey Pillay, a coffin-maker in South Africa, watched the coronavirus pandemic turn his business upside down. For Pillay, the need for coffins rose and fell as South Africa’s lockdown levels changed, but overall, he said, “business went down.” As the world surpasses 1 million deaths, Africa is bracing for a likely second wave of infections.

Themba Hadebe

AP

JOHANNESBURG

The coffin-maker knew death too well. The boxes were stacked in his echoing workshop like the prows of ships waiting for passengers. COVID-19 was turning his business upside down.

Then it moved into his home.

Casey Pillay’s wife was a midwife, delivering babies for coronavirus-positive mothers in Johannesburg, the epicenter of the pandemic in South Africa — once fifth in the world in number of cases — and on the continent.

That she would be infected, they

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