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Month: November 2020

Weekly jobless claims counts are inaccurate and the unemployed are being underpaid, watchdog says

Erin Scott/Bloomberg via Getty Images The Department of Labor has been both miscounting the number of people receiving unemployment benefits and underpaying those under a special program instituted to address the coronavirus pandemic, according to a government watchdog report Monday. Issues dealing with the surge in those filing claims for the new programs aimed at …

Weekly jobless claims counts are inaccurate and the unemployed are being underpaid, watchdog saysRead More

October pending home sales fall unexpectedly, as high prices take their toll on buyers

People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Strong, pandemic-induced demand for housing is still there, but buyers may now be hitting an affordability wall. Pending home sales fell 1.1% month to month in October but were 20.2% higher …

October pending home sales fall unexpectedly, as high prices take their toll on buyersRead More

EURAUD Heads Up But Still Lacks Direction in Short-Term

EURAUD is ticking higher in a horizontal trajectory trapped between the 1.6340 resistance and the 1.6144 support. A paused state of directional momentum is reflected in the Ichimoku lines, while the price rests around the upper surface of the cloud. The mixed signals in the short-term oscillators further support the stall in the price. The …

EURAUD Heads Up But Still Lacks Direction in Short-TermRead More

Winklevoss twins say bitcoin will be the decade’s best performing asset, see ’25x’ gains from here

Cameron (L) and Tyler (R) Winklevoss. Adam Jeffery | CNBC Early bitcoin investors and founders of crypto-exchange Gemini, Tyler and Cameron Winklevoss, see bitcoin gaining more than 25 times its current value as more investors adopt the cryptocurrency as an inflation hedge. “We think it will be the best performing asset of the current decade,” …

Winklevoss twins say bitcoin will be the decade’s best performing asset, see ’25x’ gains from hereRead More