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Day: August 6, 2021

Biden skips victory lap after strong July jobs report, warns of economic peril from rising Covid cases

US President Joe Biden speaks about the July jobs reports in the East Room of the White House in Washington, DC, on August 6, 2021. Saul Loeb | AFP | Getty Images WASHINGTON — President Joe Biden resisted the temptation to take a victory lap Friday following the release of strong July jobs numbers, instead …

Biden skips victory lap after strong July jobs report, warns of economic peril from rising Covid casesRead More

July’s strong jobs report could prepare the Federal Reserve to dial back its bond-buying program

Employees from the Louisville Urban League speak with job seekers at a Job News USA career fair in Louisville, Kentucky, U.S., on Wednesday, June 23, 2021. Luke Sharrett | Bloomberg | Getty Images July’s strong jobs report puts the Federal Reserve on track to slow its bond purchases — if the spread of Covid-19 doesn’t …

July’s strong jobs report could prepare the Federal Reserve to dial back its bond-buying programRead More

Stocks making the biggest moves midday: Virgin Galactic, Robinhood, Yelp, Novavax & more

Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic’s passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Check out the companies making headlines in midday trading.  Robinhood — Shares …

Stocks making the biggest moves midday: Virgin Galactic, Robinhood, Yelp, Novavax & moreRead More

Unemployment rate falls for every group but is higher for Black and Hispanic workers

A man hands his resume to an employer at the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds. More than 80 companies were recruiting for over a thousand jobs. Paul Hennessy | LightRocket | Getty Images The unemployment fell to 5.4% as the economy added 943,000 jobs in July, with …

Unemployment rate falls for every group but is higher for Black and Hispanic workersRead More