Major markets are trading near all-time highs. The trend has led many experts and investors to wonder when and if the markets will hit their limits. According to Mark Hackett, chief of investment research at Nationwide, the markets should continue to perform well.
Hackett joins Cheddar to give his take on the current financial environment. He says that the signs of irrational exuberance that analysts noticed before the 2000 and 2008 collapse are not showing in today's market. Individual borrowing and corporation borrowing are healthy, and Hackett thinks the biggest risk lies in government borrowing across the world.
Overall, Hackett is confident the markets will continue to experience clear skies and highs in 2018. Rather than compare today's market to 2008 or 2000, Hackett says markets today are similar to the mid-1990s, a time of global strength and low volatility.
UPS is gearing up for a mass hiring event that could help a critical labor shortage affecting the U.S. across all industries. Jon Bowers, human resources director with UPS, joined Cheddar News to discuss the company's job fair known as 'Brown Friday,' which is slated to take place Nov. 3 and Nov. 4, ahead of the holiday season.
A Missouri jury found the National Association of Realtors and other brokerages liable for nearly $1.8 billion in damages on Tuesday. The jury found the parties conspired to keep commissions for home sales artificially high and the lawsuit looked at sales that took place between April of 2015 through June of 2022.
The country’s largest Christian university is being fined $37.7 million by the federal government amid accusations that it misled students about the cost of its graduate programs.
