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Day: May 7, 2021

Green Dot joins corporate exodus from California as fintech firm moves to Austin

Packages containing a Green Dot Corp. prepaid Mastercard Inc. debit card and Visa Inc. debit card, left, are arranged for a photograph in Washington, D.C., U.S., on Thursday, Feb. 15, 2018. Andrew Harrer | Bloomberg | Getty Images Another corporation is leaving California. Green Dot, a fintech firm and biggest U.S. provider of prepaid debit …

Green Dot joins corporate exodus from California as fintech firm moves to AustinRead More

At least 7 million people are likely to get unemployment tax refunds

Samuel Corum/Bloomberg via Getty Images At least 7 million people likely qualify for tax refunds on unemployment benefits received last year, a new report suggests. The American Rescue Plan, which President Joe Biden signed in March, waived federal tax on up to $10,200 of jobless benefits, per person, collected in 2020. Taxpayers qualify if their …

At least 7 million people are likely to get unemployment tax refundsRead More

Labor secretary says pandemic is still weighing on economy but confidence is coming back

Labor Secretary Marty Walsh said Friday the Covid-19 pandemic is still weighing on jobs, but he projected optimism about recovery of the U.S. economy as vaccinations continue, saying, “We are starting to see the confidence come back.” Walsh’s comments on CNBC’s “Squawk on the Street” came shortly after the Labor Department released a disappointing April …

Labor secretary says pandemic is still weighing on economy but confidence is coming backRead More

U.S. Chamber of Commerce blames weak jobs report on enhanced unemployment benefit, kicks off lobbying effort

A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters The largest business lobbying group in America on Friday blamed a $300-per-week federal jobless benefit for enticing Americans to stay at home and April’s far-weaker-than-expected jobs report. “The disappointing jobs report makes it clear that paying people …

U.S. Chamber of Commerce blames weak jobs report on enhanced unemployment benefit, kicks off lobbying effortRead More

Week Ahead – US and UK Data to Lead Quiet Week as Dollar Can’t Make Up its Mind

After plenty of excitement from central banks and top-tier economic releases in the past couple of weeks, things will take a backseat over the next seven days. The slower news pulse could give way to some sideways action in currency markets as the US dollar fights off selling pressure. A more cautious mood on Wall …

Week Ahead – US and UK Data to Lead Quiet Week as Dollar Can’t Make Up its MindRead More

April’s expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%. Many economists had been expecting an even …

April’s expected hiring boom goes bust as nonfarm payroll gain falls well short of estimatesRead More

CADJPY Stretches to Near 40-Month High; Positive Backing Intact

CADJPY appears to be taking a breather around its fresh multi-year high after its recent aggressive rally found traction off the 85.41 level and the Ichimoku cloud’s upper boundary. The soaring simple moving averages (SMAs) are shielding the upwards structure, while the Ichimoku lines are reflecting a pause in bullish sentiment. The short-term oscillators are …

CADJPY Stretches to Near 40-Month High; Positive Backing IntactRead More

EUR/USD Outlook: Upbeat German Data Lift Euro Ahead Of US Jobs Report

The Euro rose further in European trading on Friday, extending Thursday’s 0.52% rally which left the bear-trap at 1.20 support and shifted near-term focus to the upside. Upbeat German data on Friday (manufacturing orders surged 29.5% in Mar from 6.4% in Feb) added to bullish near-term stance. Fresh gains cracked pivotal Fibo barrier at 1.2087 …

EUR/USD Outlook: Upbeat German Data Lift Euro Ahead Of US Jobs ReportRead More

NZDUSD Fails To Progress As Bullish Drive Dwindles

NZDUSD has hit a snag as upside momentum appears to have evaporated, indicating that the pair may struggle to further extend its recent bounce off the uptrend line pulled from the 0.6944 low. The 50- and 200-period simple moving averages (SMAs) are suggesting a more neutral price development towards the ascending line, while the 100-period …

NZDUSD Fails To Progress As Bullish Drive DwindlesRead More

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