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Day: December 9, 2021

Stocks Give Up Ground Amid Covid Curbs; Pound Remains Muted Near 2021 Lows

Equities take a breather European stock indices returned to negative territory as infections remained elevated in the region and governments reintroduced new mild measures to counter the spread of the omicron variant despite drug makers defending the efficacy of their vaccines in the past few days. Energy shares drove losses in the pan-European STOXX 600, …

Stocks Give Up Ground Amid Covid Curbs; Pound Remains Muted Near 2021 LowsRead More

Powell’s fourth major shift raises questions about the Fed’s policy credibility

Jerome Powell, chairman of the U.S. Federal Reserve, speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Monday, Nov. 22, 2021. Samuel Corum | Bloomberg | Getty Images If the Federal Reserve meets expectations next week and announces a more aggressive unwind of the measures taken to boost the economy, it will …

Powell’s fourth major shift raises questions about the Fed’s policy credibilityRead More

Weekly jobless claims fall to 184,000, the lowest level in more than 52 years

Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday. Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4, the lowest going back to Sept. 6, 1969, which saw 182,000. Initial claims for unemployment …

Weekly jobless claims fall to 184,000, the lowest level in more than 52 yearsRead More

Stocks making the biggest moves premarket: CVS, Hormel, RH, GameStop and others

Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator issued new guidance ahead of its investor day, saying it expects a 2022 adjusted profit of $8.10 to $8.30 per share compared with an $8.24 consensus estimate and better-than-expected revenue. CVS also raised its 2021 outlook, and the …

Stocks making the biggest moves premarket: CVS, Hormel, RH, GameStop and othersRead More

The ‘Great Resignation’ slowed down in October, while job openings jumped

A help wanted sign is posted in the window of hardware store on September 16, 2021 in San Francisco, California. Justin Sullivan | Getty Images The so-called Great Resignation lost some steam in October, with the total number of workers leaving their jobs either due to dissatisfaction or better opportunities elsewhere declining, the Labor Department …

The ‘Great Resignation’ slowed down in October, while job openings jumpedRead More

AUD/USD Outlook: Bulls Are Taking A Breather After Strong Three-Day Advance

The Australian dollar is consolidating under new two-week high, hit after nearly 2.5% advance in past three days, sparked by decision of China’s central bank to cut the amount of cash that banks must hold in reserve, as the Aussie as often used as a proxy for China actions. Higher Asian stocks also added to …

AUD/USD Outlook: Bulls Are Taking A Breather After Strong Three-Day AdvanceRead More

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