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Yahoo
5 hours ago
- Business
- Yahoo
What grads need to know as AI transforms the job market
Recent graduates are facing a tougher job market, and many are being forced to rethink how their skills align with a world increasingly shaped by artificial intelligence (AI). Sinan Aral, director of the MIT Initiative on the Digital Economy, joins Market Domination Overtime to explain how students and employers can adapt to the changing landscape. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Yahoo
21 hours ago
- Business
- Yahoo
Lululemon earnings, JOLTS data, May jobs report: What to Watch
Market Domination Overtime host Josh Lipton previews next week's biggest market stories and economic data that Wall Street will be listening for, including earnings from Lululemon Athletica (LULU), Broadcom (AVGO), discount retailers Dollar General (DG), Dollar Tree (DLTR), and Five Below (FIVE), Hewlett Packard Enterprise (HPE), and CrowdStrike (CRWD), as well as the latest Job Openings and Labor Turnover Survey (JOLTS) results and May's jobs report out on Friday, June 6. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Yahoo
a day ago
- Business
- Yahoo
Lululemon earnings, JOLTS data, May jobs report: What to Watch
Market Domination Overtime host Josh Lipton previews next week's biggest market stories and economic data that Wall Street will be listening for, including earnings from Lululemon Athletica (LULU), Broadcom (AVGO), discount retailers Dollar General (DG), Dollar Tree (DLTR), and Five Below (FIVE), Hewlett Packard Enterprise (HPE), and CrowdStrike (CRWD), as well as the latest Job Openings and Labor Turnover Survey (JOLTS) results and May's jobs report out on Friday, June 6. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Trump vs Harvard: Why the president is targeting colleges
President Trump has been escalating his attacks on Harvard. But that's not the only university that has faced pressure from the president. In the video above, Yahoo Finance Senior Columnist Rick Newman explains why Trump is waging war on colleges. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. White House, meanwhile, reportedly directing federal agencies to cancel all remaining contracts with Harvard University, that's as Trump continues his fight with that institution. For more, let's welcome in here Yahoo Finances Rick Newman. Rick. Hey, guys, uh, I mean, you got to wonder, what is going on here with Trump? And so I dug into this a little bit. Uh, if you go back to the 2024 election, uh, Trump won, uh, pretty strongly, he won working class voters, and by a mile he won white working class voters. So I think part of what's going on here with this, uh, what you might call a war on the university set is Trump is playing to his base. This probably works for him politically. But Trump said something that hasn't gotten much attention that I, it got my attention, which is, what if we transfer some of those $3 billion or however much it is federal grants to Harvard? What if we transfer those to trade schools instead? And I thought, you know, if this were not something that Trump was tweeting out and probably only thought about for 5 minutes, this might actually be a good idea. You don't have to punish Harvard in order to invest more in, uh, working class Americans. But guess what? We actually have a significant shortage of exactly those type of workers. That's carpenters, uh, welders, electricians. Um, there there is a shortage of hundreds of thousands of those types of workers, and those are exactly the workers Trump is trying to help with the trade war. When Trump says he wants to bring assembly lines back to America, that's what That's who he's trying to help. Why not get more people into trade schools? And by the way, you don't have to punish Harvard or anybody, just make this a serious policy idea. Now, I don't think Trump is going to do that, but I detected a kernel of a good idea in this rampage against the university set. You know what? It's interesting, uh, kernel of a good idea, but, you know, when I was a young lad, I thought maybe someday I could go to an Ivy or like a Harvard. It was aspirational for his base. It seems like the reputation of the Ivies has taken a significant hit. Um, it's a difficult question to answer, but do you see any sort of lasting impact on the on the mind space that they occupy in his bases being, this is where, you know, it would be a proud moment for the family if they got into a place like this? Well, I mean, one of the things that's not that relevant to our audience, but this is a huge culture war issue for Trump. I mean, I I think he's he's got it he nailed it pretty well that elite universities did turn out to be bastions of wokeness, however you define wokeness. I mean, if you believe wokeness exists in the US, uh, in the US society, then if it exists anywhere, it exists at these elite universities. And then we saw the controversies with all the, uh, anti-Israel, um, protests at some of these some of these universities. And then, you know, I think Trump, given his audience, I mean, his audience is these people who just want to go back to what they consider bedrock bedrock values of the 1950s when things were simpler. Um, people didn't have so many opinions on so many complicated things. I mean, this this is just an easy target for Trump, uh, and his base. Whether it's going to I mean, I think with so many Trump policies, there's this huge question of, how much is this actually going to change things in the end? Um, I think there are still, I'm sure there's still plenty of demand for an Ivy League education. If Trump manages to keep foreign students away, um, that that would certainly hit their bottom line hard, I think. I think something like 25% of Harvard students are foreign. Um, but as with so many things under Trump, that's being litigated and a lot of Trump stuff gets under gets overturned. So maybe this will lead to some, you know, necessary reforms at some of these schools, but everybody's going to come out okay. Thank you, Rick. Appreciate it. Bye, guys.
Yahoo
a day ago
- Business
- Yahoo
College grads hit a wall: Tech jobs dry up amid AI boom
Recent graduates are having a harder time landing jobs, with their unemployment rate now above the national average. Yahoo Finance Markets Reporter Josh Schafer joins Market Domination Overtime to explain how a slowdown in tech hiring and rising use of artificial intelligence (AI) are reshaping the entry-level job market. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Recent college grads are finding it increasingly difficult to find jobs, and the gap between them and the national average is growing. Joining us now for more is Yahoo Finance market reporter, Josh Schafer. Hey Josh, yes, so we talk a lot about the unemployment rate in America being relatively low. So the unemployment rate that we're looking at on our screen here is in green. It is 4.2%. If you look over time, that is a historically low unemployment rate. But when we zoom into this chart that we're looking at here, we're seeing an interesting trend on who is having a hard time finding a job. So in our white line, we have recent college graduates. Recent college graduates constitute, uh, individuals that are 22 to 27 that just got a degree. Notice the white line typically goes underneath that green line on your screen. So typically it's moving lower. Normally those folks are having an easier time finding a job. But when you zoom in to what's happening right now, you'll see that college graduates are actually having a harder time finding a job than the national average. Two key things to point out with this data. So the folks over at Oxford Economics told me one of the big things we're seeing is AI is definitely playing a little bit of a role here. So AI could be taking in entry-level analyst jobs, entry-level jobs in tech. There's less jobs for these newcomers coming into the job market. Another key piece of this chart in 2022 is when we saw this shift. A lot of college graduates have been going to get a science degrees over the last couple years, right? They've been going into tech. Well, now what's happened since 2022, we've had that year of efficiency from meta and really across tech. There's less jobs in tech now than there used to be. The folks over at indeed told me they've seen a 40% drop in job postings for computer software jobs compared to 2020. So again, there's simply less jobs for people coming into tech right now. So graduates are graduating, they're looking for jobs, they're looking for jobs and they're continuing to not find them as quickly as they used to. So Josh, part of this, it sounds like is, is the jobs that they're targeting, you're saying? Yes, definitely. It's definitely something that we're seeing specifically in tech, and then when you look at how many college graduates are getting a degree in something like information technology, something like computer science. We had sort of skewed because of this big tech boom over the last 20 years, everyone wants to go get into tech, right? Go learn to code now. Well, that's been a shift because some of those jobs are simply being taken, like I said, by AI, or are now being not offered anymore because these companies are trying to slim down. So it's specifically right now seems to be perhaps a tech sector focus. But economists did tell me that this is one reason that the overall unemployment rate is not expected to be falling anytime soon. All right, thank you, Josh. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
