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Stocks drift on Wall Street after S&P 500 returns to record – Business News – Castanet.net

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Wall Street is drifting Wednesday morning, as even a record high for the S&P 500 fails to jolt much life into the market.

The S&P 500 was edging up by 0.1% after the first half hour of trading, a day after it wiped out the last of its losses created by the pandemic and surpassed its Feb. 19 peak.

The Dow Jones Industrial Average was up 132 points, or 0.5%, at 27,910, as of 10 a.m. Eastern time, and the Nasdaq composite was down 0.2%.

The market’s momentum has slowed in recent weeks, after it roared back from its nearly 34% plummet in February and March. Trading has been so languid that it took the S&P 500 several attempts to break its record after pulling within 1% of the mark a week and a half ago. This is a traditionally slow time of the year for stocks, and the market is also still in wait-and-see mode on several fronts.

Investors still seem to believe that Congress and the White House will reach a deal to deliver more aid to the economy after federal unemployment benefits and other stimulus expired. Democrats and Republicans have been stuck at an impasse and sniping back and forth, but a GOP senator said Tuesday that Senate Republican leaders are preparing a slimmed-down coronavirus relief package. House Speaker Nancy Pelosi also told fellow Democrats she’d continue seeking a broader economic relief bill.

Beyond Capitol Hill, investors are also waiting for more developments on the rising tensions between the United States and China. The world’s largest economies have longstanding trade issues, and President Donald Trump has recently been targeting Chinese tech companies in particular. Trump said Tuesday that he postponed trade talks with China scheduled for last weekend because “I don’t want to deal with them right now.”

Also hanging over the market is the upcoming U.S. election, with the big changes in tax and other policies that it can create. Democrats formally nominated Joe Biden late Tuesday to run against Trump for the White House in November’s election.

Earnings reporting season for big U.S companies has nearly wrapped up, with businesses in the S&P 500 on track to report a sharp decline in their profits for the spring, but not as bad as Wall Street expected. More than 93% of the earnings reports are in, and the index is on pace for a roughly 33% drop from the prior year.

Target jumped 10.3% for the biggest gain in the S&P 500 after it reported results for the spring that easily beat Wall Street’s expectations.

But TJX, the operator of T.J. Maxx and Marshalls, slumped 8.1% after its results fell short of analysts’ forecasts.

Later in the afternoon, the Federal Reserve is scheduled to release the minutes from its last policy meeting in the afternoon. The central bank has been one of the pillars propping up the market after it slashed short-term interest rates to their record low and essentially promised to buy as many bonds as it takes to keep markets running smoothly.

The economy is showing some signs of improvement, but not enough to push the Fed to pull back on its aid for the economy. At least, that’s the fervent hope for investors, because low interest rates can act like rocket fuel for markets.

The yield on the 10-year Treasury fell to 0.65% from 0.67% late Tuesday.

In European stock markets, the German DAX returned 0.5%. The French CAC 40 rose 0.5%, and the FTSE 100 in London added 0.4%.

In Asia, Japan’s Nikkei 225 rose 0.3%, and South Korea’s Kospi gained 0.5%. Stocks in Shanghai slumped 1.2%, and the Hang Seng in Hong Kong lost 0.7%.

Benchmark U.S. crude dropped 1.1% to $42.63 per barrel. Brent crude, the international standard, lost 0.9% to $45.03 per barrel.

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You Can Minimize the Odds of Being Ghosted

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When job seekers complain about being ghosted—a form of silent rejection where candidates hear nothing after submitting an application or having been interviewed—I wonder if they’re unaware of the changes in social norms and mannerisms. Do they not know that social norms and the workplace are intertwined? Since the advent of social media, manners, courtesy, and empathy have significantly diminished.

If there’s one thing job seekers can be certain about, they’ll be ghosted multiple times throughout their job search. It wouldn’t be a stretch to say ghosting candidates has become a norm. It’s worth pointing out that companies don’t ghost candidates; the company’s employees ghost candidates. When the recruiter or hiring manager is of a generation that finds ghosting an acceptable way to terminate a relationship, romantic or otherwise, it shouldn’t come as a surprise when they ghost candidates.

 

Bad News: You can’t change or control other people’s behaviour.

 

Good News: You can take proactive steps to minimize—as with all human interactions, there are no guarantees—the chances of being ghosted.

 

Build a strong relationship. Focus on being likeable.

Understandably, hiring managers—recruiters less so since they won’t be working with the candidate—look to hire candidates they can envision getting along with; hence, most job seekers would significantly boost their chance of job search success by focusing more on being likable.

By likable, I mean being pleasant, respectful, and expressing genuine interest in the company and the role. I’ve yet to meet a hiring manager who hires candidates they don’t like. As I’ve mentioned in previous columns, likeability supersedes your skills and experience. Most job seekers don’t focus enough on being likeable.

The stronger the relationship (read: bond) you establish with the recruiter or hiring manager, the more likely they won’t ghost you. From your first interaction, focus on creating a rapport beyond just transactional communication.

Personalizing your correspondence can make a significant difference. Use the hiring manager’s name instead of a generic ‘To Whom It May Concern.’ Find commonalities such as place of birth, hobbies, schools attended, associations you belong to, favourite restaurants, and people you know.

 

Avoid appearing confrontational.

Anyone reading this can relate to the number one reason why people ghost: to avoid confrontation. Today, many people feel entitled, resulting in job seekers being frustrated and angry. You only need to scroll through LinkedIn posts and comments to see that bashing employers has become an unproductive trend. Hence, it’s likely that a candidate will become confrontational if told they don’t get the job.

Smile throughout your interview! Avoid appearing desperate! My best interviews have been those in which I was nonchalant; I was indifferent to whether or not I got the job. In addition to being a turn-off, showing signs of desperation will raise questions about how you’ll react if told you don’t get hired.

Lastly, tell your interviewer how much you enjoyed talking with them and that you look forward to hearing back.

 

  • “I really enjoyed our conversation, Khloe. Thank you for taking the time to meet with me. I look forward to hearing your hiring decision.”
  • “Either way, please call or email me to let me know about my application status.”

 

You’re more likely to receive a response by asking explicitly for communication.

 

Earn your interviewer’s respect.

People tend not to ghost someone they respect.

Respect must be earned, starting with one of life’s golden rules: Treat others how you want to be treated. In other words, give respect to get respect.

Throughout your job search, be professional and courteous. Respond promptly to emails and calls and thank people for their time. Approaching recruiters and hiring managers politely and professionally improves your chances of being treated similarly.

 

Ask for advice, not feedback.

Asking for advice encourages communication. As your interviewer is wrapping up the interview, mention that you’d welcome their advice. “Given your extensive background in project management, any advice you may have for me wanting to advance my career would be greatly appreciated.”

Why ask for advice and not feedback? The first problem with asking for feedback is it puts the other person on the spot. The second problem is feedback can lead to disagreement, hurt feelings, or defensiveness, a common reaction resulting in confrontation. On the other hand, asking for advice is asking for guidance and suggestions to achieve a better result. Essentially, you’re acknowledging the other person’s experience and massaging their ego. Do you know anyone who doesn’t like being asked for advice?

 

Send a thank you note.

Sending a thank you note expressing appreciation for the interview and the insights you gained reinforces your interest and keeps the lines of communication open. Conclude with a forward-looking statement, encouraging the recipient to respond.

 

  • “I look forward to hearing from you regarding the next steps.”
  • “I look forward to staying in touch.”

 

Job searching aside, direct, open, and honest communication—say what you mean, mean what you say—which I highly value, has become rare, which explains the prevalence of ghosting. When you’re ghosted, assume the company isn’t enthusiastic about hiring you. Silence may be golden in some things, but ghosting is not one of them.

_____________________________________________________________________

 

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

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Tatiana Tarot – Make Money Online Reading Tarot

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Product Name: Tatiana Tarot – Make Money Online Reading Tarot

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I’ve always loved reading tarot for myself and for friends, but I
never even thought about doing it professionally. After taking Tatiana’s step-by-step course I
picked up my first client within a few weeks, and my business hasn’t stopped growing since!

I’ve always felt like I’m a bit “psychic” and wanted to work within
this area since I can remember. I never took it seriously though until my friend introduced me to
Tatiana. I’ve been successfully reading online for 18 months and finally feel like I’ve found my
calling in life.

I’m a stay at home mom with to two young children. Last year when my
husband’s income dropped due to lockdown, I started looking online for jobs that I could do. I’m a
Sagittarius, so I’m not the most entrepreneurial of people, but in just 1 year, I’m now making more
than my hubby, all from home + whilst looking after my kids!

I went backpacking for 6 months when I was younger and ever since
then I’ve wanted to find a job I could do online whilst travelling the world. Becoming an online
tarot card reader has allowed me to do just that! I’ve spent the last few years travelling the
world, working from beaches – all whilst earning six figures online!!

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Empire Blueprint Book – Your Guide to Business Growth and Leadership

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Product Name: Empire Blueprint Book – Your Guide to Business Growth and Leadership

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Discover practical strategies, proven techniques, and real-world insights to navigate challenges, boost sales, and lead with confidence. This book empowers you to turn your vision into reality and achieve lasting success.

Gain access to the marketing, sales, and leadership tactics used by top entrepreneurs to drive growth and outperform competitors.

Discover the best guidance that you can implement immediately to solve challenges and accelerate your business’s success.

Learn how to develop the mindset needed to innovate, take calculated risks, and build a resilient business in any market.

This book provides actionable strategies and real-world insights directly from successful entrepreneurs. It focuses on practical steps you can implement immediately in marketing, sales, and leadership to overcome challenges and grow your business.

Yes, it offers practical steps on becoming a more effective leader, motivating your team, and fostering a culture of accountability and growth. Learn how to build a team that’s engaged, aligned, and committed to achieving your vision.

By providing proven techniques to enhance your marketing, boost sales, and build a strong team, this book helps you attract more customers, increase revenue, and create sustainable growth in your business.

Absolutely. It offers fresh perspectives and new strategies to address common challenges, improve performance, and drive growth, whether you’re just starting or looking to take your business to the next level.

A passionate entrepreneur who built a successful business from the ground up. When his team began struggling with communication and engagement, he turned to new strategies to transform his leadership style, reignite his team’s motivation, and drive his business to even greater success.

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Brendan felt frustrated and overwhelmed. Despite all his hard work, his business was slipping out of control. He knew he had to find a way to turn things around—or risk losing everything he had built.

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Within months, Brendan’s business was back on track. His employees were not only following his lead but were also excited to contribute to the company’s vision. Brendan saw higher productivity, a stronger sense of teamwork, and even more growth than before.

Thanks to the strategies in Empire Blueprint, Brendan didn’t just save his business—he transformed it into a place where employees are motivated, aligned, and passionate about achieving greatness together.

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A determined entrepreneur who faced significant challenges entering a male-dominated industry. With resilience and strategic insights, she turned her struggles into opportunities, building a successful business and inspiring others to follow their dreams.

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As she read through the book, Olivia found herself absorbing invaluable insights on marketing, sales, and—most importantly—how to stand out and lead in a world that wasn’t always welcoming. She learned how to leverage her strengths, build confidence, and position herself as an expert. The chapters on leadership showed her how to create a powerful personal brand and build a network of allies and mentors who believed in her vision.

Inspired by the stories of other entrepreneurs who had defied the odds, Olivia began to apply what she learned. She refined her pitch, started targeting the right audiences, and turned every “no” into an opportunity to learn and improve. She focused on building authentic relationships and found creative ways to showcase the value she could bring to the table.

Within months, Olivia’s confidence grew, and so did her business. She began securing key partnerships and attracting clients who recognized her unique approach and passion. Her determination and newfound strategies helped her break through the barriers and make a name for herself in her industry.

Today, Olivia is not just running a thriving business; she’s also inspiring other women to step into the entrepreneurial world with courage and conviction. The insights from Empire Blueprint were the game-changer she needed to turn her challenges into triumphs.

Olivia now knows that she has the tools to succeed, no matter the obstacles, and she’s leading with the confidence and vision she always knew she had.

Serial entrepreneur who transitioned from saving money for his first startup to achieving major success with two profitable exits. With a transformed mindset and a passion for teaching, he now shares his insights through masterclasses, inspiring others to innovate and lead with confidence.

Jonathan always dreamed of being an entrepreneur. Fresh out of college, he saved every penny from his first job, determined to one day launch his own startup. His first venture was a modest one, but through grit and relentless effort, Jonathan grew it into a thriving business. After a few years, he sold it for a profit and quickly dove into his next venture.

His second startup took off even faster. Jonathan applied everything he learned from his first experience—strategic planning, calculated risks, and a strong work ethic. Once again, he found success, selling this startup for an even larger sum. On paper, Jonathan had achieved what many entrepreneurs dream of: two successful exits. But something was missing.

Despite his achievements, Jonathan felt he had hit a ceiling. He realized he had been relying on hard work and persistence alone. To reach the next level, he needed to change his mindset—to think bigger, innovate boldly, and lead with confidence. That’s when he found Empire Blueprint.

The book opened his eyes to new possibilities. It taught him the importance of vision-driven leadership, building a brand with purpose, and creating scalable processes. Jonathan began to see entrepreneurship not just as a path to profit but as a way to make a meaningful impact.

Embracing this new mindset, Jonathan launched a masterclass to share his knowledge and experiences with aspiring entrepreneurs. He used insights from the book to structure his courses, emphasizing the importance of strategic thinking, resilience, and the power of a growth-oriented mindset.

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Thanks to the mindset shift he gained from Empire Blueprint, Jonathan has found a deeper purpose in his work and continues to inspire others to chase their dreams and redefine their own paths to success.

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