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🤝 The Job Scam Report
James Miller
May 21, 2024
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Data Digest: Essential Stats for Business Owners
If a customer has a positive experience interacting with your brand – they’re _____% more likely to refer you to 6 or more of their friends. |
Business
Supreme Court Set to Define New Boundaries for Corporate America
As its term concludes, the Supreme Court is poised to issue significant rulings that could reshape corporate regulation and the tech industry. Among key decisions, the Court will address limits on social media content moderation, the extent of federal agency powers, and the use of bankruptcy to shield corporate defendants from liabilities.
One case involves Florida and Texas laws restricting social media platforms from moderating political content, potentially narrowing platforms' control over user content. Another set of cases challenges federal agency authority, which could alter regulatory oversight across industries. Additionally, a high-profile bankruptcy case will determine if Purdue Pharma's owners can use bankruptcy protections to avoid personal liability for opioid-related claims.
The Job Scam Report
Job scams are a pandemic, and their reach affects job seekers, employers, recruiters, and career professionals.
It’s summer, and job seekers, including recent high school and college graduates, are scam targets. Each year, new scams appear with a new layer of deception to fool victims into thinking they have struck employment gold. Since job scams are here to stay, job seekers must know the potential and actual schemes targeting them. Some of the most popular job boards in the world have unknowingly hosted fake jobs. According to Beyond Identity, 29% of board users are scam victims.
Nasdaq Surges on Tech Gains as Dow Lags
Image: Nasdaq
On Monday, the Nasdaq Composite rose by 0.65% to close at an all-time high of 16,794.87, driven by strong performances from Nvidia and other tech companies. Conversely, the Dow Jones Industrial Average fell by 196.82 points, or 0.49%, to 39,806.77, primarily due to a 4.5% decline in JPMorgan Chase shares after CEO Jamie Dimon hinted at a possible early retirement and indicated the bank would not repurchase shares at current levels.
Nvidia shares surged over 2% amid optimistic analyst forecasts and increased price targets, with its market cap reaching $2.3 trillion. This comes ahead of Nvidia's anticipated fiscal first-quarter results, expected to showcase the company's dominance in the AI sector. Meanwhile, the S&P 500 inched up by 0.09% to 5,308.13, continuing its recent trend of gains driven by positive economic indicators and the prospect of ongoing investment in AI technologies.
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Tip of the Day
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