
📰 On this week's episode of Minds Over Money, I go over 3 headlines from last week that directly impact the economy as well as potentially impacting your own investment portfolio. [12:00] And this week’s financial planning topic is Survivor’s Guide to Bear Markets. 📑
⛏️ [0:45] The first headline, “Miners are Relying More on Robots. Now They Need Workers to Operate Them”, is an article that explores how mining companies are turning to automated trucks and trains to help with efficiency and safety but are running into a digital talent squeeze when it comes to staffing.
🛍️ [5:04] The second headline, “Large Retailers are Getting Hit Hardest by Overstocking”, discusses how general merchandise stores like Target and Walmart, are dealing with inventory issues stemming from their over-ordering in order to get high-demand products on the shelves during the pandemic.
📈 [8:14] Our final headline, “Jobs Report Could Keep Fed on Track for 0.75 Point Rate Hike in July” is a deep dive into the most recent jobs report and the impact it may or may not have on the Federal Reserve as they gear up to meet for another meeting later this month.
Hope you enjoy it!