Consumer watchdog sees surge in Robinhood complaints, some clients claim they can’t leave the app
The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images A U.S. consumer watchdog saw a surge in complaints regarding Robinhood last week, with some clients claiming they were unable to liquidate...
Long-term unemployment is close to a Great Recession record
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the...
Stocks making the biggest moves midday: Activision, Snap, Ford & more
Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the company’s booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Troy Harvey | Bloomberg | Getty...
US NFP Worse and Canadian Employment Data Better than They May First Appear: USD/CAD
The US Non-Farm Payrolls released today were roughly in line at +49,000 jobs added to the economy in January. However, December’s figure was revised lower, from -140,000 to -227,000! And although the unemployment rate was much better than expected, 6.3%...
Soft Jobs Rreport Greenlights Case for More Stimulus
US stocks are shrugging off a disappointing nonfarm payroll report that showed December was much worse and that January only saw a modest rebound in hiring. Stimulus prospects are unchanged as Democratic lawmakers appear poised to move President Biden’s $1.9...
Payrolls barely grow to start 2021 even as the unemployment rate fell to 6.3%
Job growth returned to the U.S. in January, with nonfarm payrolls increasing by 49,000 while the unemployment rate fell to 6.3%, the Labor Department said Friday in the first employment report of the Biden administration. Economists surveyed by Dow Jones...
GBPUSD Restores Positive Tone; Bullish in Near-Term
GBPUSD is currently stepping above the 50-period simple moving average (SMA) at 1.3686 after the price was violently catapulted from beneath the 200-period SMA at 1.3607. The price is sustaining a solid upwards force above the tentative trend line, drawn...
Dollar Drops Broadly Following NFP Disappointment
Dollar drops broadly in early US session after much smaller than expected non-farm payroll job growth, even though unemployment dipped notably. Canadian Dollar is some what pressured today after larger than expected job losses. But Yen is the one following...
Jobs growth likely rebounded in January, but the extent of the recovery depends on hotels and restaurants
January’s employment picture appears to have improved over December, but how much so depends in big part on the impact of the virus and restrictions on the struggling hospitality and leisure sector. The U.S. Bureau of Labor Statistics will release...
WTI Oil Outlook: Improved Sentiment Lifts Oil Price To One-Year High
WTI oil cracked $57 barrier and hit new one-year high on Friday, lifted by hopes that economic recovery will accelerate and boost demand, while OPEC and its allies are expected to maintain supply curbs. Oil price rallies for the fifth...