Money

WFH doesn’t mean you can work from anywhere

Published

1 year ago

February 6, 2024

Ahron Young

Advances in technology have paved the way for remote work, offering numerous benefits for businesses and employees alike.

In the past decade, the concept of remote work has evolved from a rarity into an everyday reality, thanks to the accelerated technological progress driven by the COVID-19 pandemic.

Platforms like ZOOM and TEAMS have become integral parts of our daily lives, and companies worldwide have witnessed the advantages of embracing remote work, tapping into offshore talent, and reaping the rewards of a more flexible work environment.

Job landscape

Remote work’s current state reflects a significant transformation in the job landscape.

While some businesses still encourage employees to work from their physical offices, there’s a growing recognition that talent knows no geographical boundaries.

With over 100 million potential workers at our fingertips, the possibilities for tapping into global talent are boundless.

According to a report from FlexJobs, the demand for fully remote workers has surged. Kathy Gardner, a spokesperson for FlexJobs, highlights the shift.

“Over the past few years, the work landscape has undergone a significant shift towards greater job flexibility and remote careers,” she says.

The report indicates a 20% increase in remote job postings in 2022 compared to a 12% growth in the previous year (Laura Begley Bloom, 2023).

Retention rate

Businesses have come to appreciate the value that remote workers bring to the table, including improved employee retention rates, access to more diverse talent pools, increased productivity, higher engagement levels, and cost-efficiency.

A study by Employment Hero in Australia found that 70% of workers believe that remote work, even if done only partially, helps reduce the cost of living.

This underscores the financial benefits that come with remote work arrangements.

Embracing a “Work From Anywhere” strategy offers several key advantages:

1. Access to Global Talent: Geographic constraints are no longer a hurdle when building a remote team. Companies can harness a wide range of skills and expertise from around the world, ensuring they have the right people for the job, regardless of their physical location.

2. Cost Savings and Efficiency: Remote work policies eliminate the need for expensive office space or satellite offices, reducing overhead costs. Moreover, employees gain the freedom to craft their schedules and work from locations of their choosing, resulting in a mutually beneficial arrangement.

Money

Divorce spike in Australia triggers hidden tax risks

Australia sees increased divorce filings amid emotional challenges, with many couples overlooking significant tax pitfalls in their settlements.

Published

12 hours ago

April 29, 2025

ticker NEWS

Australia sees increased divorce filings amid emotional challenges, with many couples overlooking significant tax pitfalls in their settlements.

Australia is facing a sharp rise in divorce filings over the past two months — but as couples navigate emotional breakups, many are missing major tax traps hidden in their settlements.

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Money

Stocks rebound despite tariff concerns and earnings anticipation

US stocks rebound amid tariff uncertainty; key earnings reports and economic data loom as volatility persists in the market.

Published

14 hours ago

April 29, 2025

Ahron Young

US stocks rebound amid tariff uncertainty; key earnings reports and economic data loom as volatility persists in the market.

In Short

The stock market recovered after an early decline, led by companies like Boeing and IBM.

Investors are cautious ahead of upcoming economic data and potential trade developments, with projections of a 7% drop in S&P 500 earnings by 2025 due to tariffs.

A late recovery in the stock market reversed an early decline as dip buyers entered during a volatile day.

On Monday, the S&P 500 completed its fifth reversal of 1% or more in a month, matching the total seen throughout 2024. Gains were led by Boeing and IBM, while Nvidia fell following Huawei’s announcement regarding a new chip. Major tech companies, including Microsoft and Apple, are expected to report earnings soon.

Short-term Treasuries performed better, and the dollar weakened amidst ongoing economic data releases.

Economic data

The upcoming week promises substantial economic data, with reports on jobs and inflation due. A Texas manufacturing survey revealed significant weakness, with executives describing the tariff situation as chaotic.

Experts predict an eventful week, with potential for market volatility driven by various trade and economic headlines. Investors are particularly attuned to trade relations with China, with outlooks hinging on government actions.

Despite some executives remaining uncertain about tariff impacts, analysts are calculating potential effects on corporate earnings. Bloomberg Economics projects net income for the S&P 500 could drop around 7% by 2025 due to elevated tariff rates, compared to previous growth expectations.

Morgan Stanley suggests that a weak dollar may help US earnings, keeping the S&P 500 within a 5,000 to 5,500 range unless trade agreements with China are made, alongside a rebound in earnings and potential easing of monetary policy.

Money

Busy week: big tech earnings, U.S. jobs data

Busy week for markets with major tech earnings and U.S. jobs data shaping investor sentiment amid trade uncertainties.

Published

2 days ago

April 27, 2025

Ahron Young

Busy week for markets with major tech earnings and U.S. jobs data shaping investor sentiment amid trade uncertainties.

In Short

Next week, major tech companies, including Apple and Microsoft, will report earnings alongside key economic data, amid ongoing global trade concerns.

The S&P 500 has seen some recovery but remains down 10% since February, with investors anxiously awaiting the U.S. jobs report and economic growth indicators.

Next week, U.S. markets anticipate significant activity as big tech companies release earnings and crucial economic data is reported.

Investors will focus on corporate results from major firms like Apple and Microsoft, alongside the U.S. jobs report and first-quarter economic growth data. This comes amidst ongoing concerns related to global trade that could affect market stability.

The S&P 500 index has seen modest recovery recently, cutting its previous losses but still down roughly 10% from February’s peak. Optimism has been partially driven by indications of a softer trade approach from the Trump administration.

Market sensitivity

Michael Mullaney of Boston Partners noted that stock market sensitivity remains high, responding rapidly to any shifts in tariff news. Recent easing of trade tensions, including a pause in major tariffs announced by Trump, has contributed to market gains, but uncertainty continues.

In the forthcoming week, about 180 S&P 500 companies, accounting for over 40% of the index’s value, will announce their quarterly performance. Early reports indicate strong earnings growth, though some firms have lowered profit forecasts, highlighting potential challenges ahead.