The Key to U.S. GDP Growth is Women, Says S&P Global Economists
It's no secret that the financial industry used to be dominated by men, but there are a few women who are breaking the mold and rising through the ranks. Beth Ann Bovino, S&P Global's Chief Economist, was with us to explain how important women are to not only the workforce, but the economy.
Bovino shares the keys for women to overcome obstacles and climb the corporate ladder. One of the biggest burdens women face, she said, is that they don't pursue opportunities because they are held back by the responsibility of childcare. Bovino said companies have been taking steps in the right direction with benefits such as paying for maternity leave and family care. She does think an area of improvement would be "flex time."
In her recent report titled "The Keys to Unlocking U.S. GDP Growth? Women," Bovino highlights the positive impact of female participation in the labor force. If the U.S. had a similar female workforce to Norway, for example, its economy would be $1.6 trillion larger than it is today, according to S&P Global economists.
Higher rents and food prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.
Tech companies of all sizes are showing off their latest gadgets at CES 2024 in Las Vegas. And that includes new technology that's changing the world of food and drinks.
Matt Hougan, CIO of Bitwise Asset Management, gives Cheddar the latest on the Securities and Exchange Commission approval of bitcoin ETFs. Hougan calls this time a 'potential major milestone for bitcoin.'
LeBron James has agreed to an exclusive deal with Fanatics Collectibles. James and his son, Bronny, will appear together on a unique sports trading card to herald the Los Angeles Lakers superstar’s new multiyear partnership with Fanatics.
Joe Zhao, Managing Partner at Millennia Capital, joined Cheddar to discuss the latest stock moves and how the market is being impacted by artificial intelligence.
Wall Street was quiet early following a lackluster session a day earlier as markets await U.S. inflation data and high-profile corporate earnings reports later in the week.
The World Economic Forum says false and misleading information supercharged with cutting-edge artificial intelligence is the top immediate risk to the global economy.
