Goldman Sachs forecasts a jobs boom, says unemployment rate could fall to 4.1% by the end of 2021
Unemployment could fall this year to close to where it was prior to the Covid-19 pandemic, according to a Goldman Sachs forecast that sees a hiring boom ahead. The firm projects an unemployment rate of 4.1% that could be even...
Dow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill
Traders work on the floor of the New York Stock Exchange. NYSE Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial Average...
Investors haven’t fully grasped inflation is ‘dead ahead,’ economist Mark Zandi warns
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to...
Chinese foreign minister takes firm tone, calls for ‘non-interference’ between China and the U.S.
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — Chinese Foreign Minister Wang Yi...
Unemployment benefits end next week. It may be too late for Congress to stop it, experts say
Alex Wong | Getty Images News | Getty Images The Senate passed a $1.9 trillion coronavirus relief bill on Saturday that extends and raises unemployment benefits. Democrats will now look to get that pandemic aid bill to President Joe Biden...
Robinhood chooses the Nasdaq for its IPO, sources say
Avishek Das | LightRocket | Getty Images Robinhood has chosen the Nasdaq as the exchange for its eventual initial public offering, according to sources familiar with the matter. The company has not yet filed officially for the listing. The stock...
Job growth in February may signal start of a hiring boom as the economy reopens
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | Orange County Register via Getty Images...
Despite rising inflation, experts say the Fed won’t budge on rates
A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec. 2, 2020. Liu Jie | Xinhua News Agency | Getty Images The U.S. Federal Reserve won’t step in to temper...
Job growth surges in February on hiring jump in restaurants and bars
Hiring surged in February as U.S. economic activity picked up with Covid-19 cases steadily dropping and vaccine rollouts providing hope for more growth. The Labor Department reported Friday that nonfarm payrolls jumped by 379,000 for the month and the unemployment...
London stock exchange boss sounds the alarm on SPAC ‘froth’
LONDON — Special purpose acquisition companies, or SPACs, are showing signs of “froth” in the U.S. — and that doesn’t bode well for investors, the boss of London’s stock exchange warned Friday. “There has been some recognition of the froth...
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