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A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than 1,121 points — the biggest one day point drop on record, according to Dow Jones Market Data.
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Amid widespread tech layoffs, some highly skilled workers are making radical career changes. Some laid-off workers are turning to lower paying temp jobs, and some are leaving tech altogether.
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Officials are more concerned about highly contagious diseases like measles and respiratory viruses, which can spread quickly through large, fast-moving crowds.
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New data from the Bureau of Labor Statistics showed that job openings jumped to 7.62 million at the end of April, a roughly 10 percent increase from March.
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Also in today's newsletter: global flight of the wealthy slows and a Japanese corporate scandal
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Planes over cars: $5-a-gallon gas could be here by July or August because of what is going on at refineries, one expert said.
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The post $TDW, Tidewater's Supply Moat Widens as High Construction Costs Make New Vessels Financially Unviable For Competitors appeared first on The Wall Street Transcript.
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