China’s central bank warns of financial risks, including potential defaults
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — China’s central bank warned on Thursday of financial risks in the country that...
Weekly jobless claims higher than expected despite signs of labor market improvement
First-time claims for jobless benefits were higher than expected last week, with 719,000 more workers heading to the unemployment line, the Labor Department reported Thursday. The total compared with the 675,000 estimate from Dow Jones and was above last week’s...
Stocks making the biggest moves in the premarket: J&J, Emergent BioSolutions, Micron Technology & more
Take a look at some of the biggest movers in the premarket: Johnson & Johnson (JNJ) – J&J said a batch of its Covid-19 vaccine that came from a Baltimore factory did not meet quality standards and will not be...
Lean into value names and trim tech positions as second quarter kicks off, Wilmington Trust says
Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months. “Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the...
Private payrolls hiring bursts at fastest pace since September on rise in hospitality hiring
Waiter Boris Macquin serves customers behind plexiglass outside at Figaro Bistro on the first day Los Angeles County allows indoor seating since the coronavirus pandemic on March 15, 2021 in Los Angeles, California. Gina Ferazzi | Los Angeles Times |...
CFOs haven’t been this upbeat about the global economy since 2018: CNBC survey
In the U.S., a consumer that represents 70% of the economy is seen as key to a continued recovery, and confidence surged in March to its highest level since the pandemic began. cihatatceken | iStock | Getty Images Covid cases...
Pending home sales fell over 10% in February, as record low supply stifles the housing market
A sale pending sign is posted in front of a home for sale on July 17, 2014 in San Francisco, California. Justin Sullivan | Getty Images The U.S. housing market is suffering from its lowest supply in history, and that...
Amazon-backed Deliveroo tanks in London market debut
A Deliveroo cyclist in London, U.K. Dinendra Haria | SOPA Images | LightRocket | Getty Images LONDON — Shares of British food delivery start-up Deliveroo plunged in its stock market debut Wednesday, as the company faces pressure from top investors...
Critics slam the Fed as home prices rise at a historic rate
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Home price gains are accelerating at an alarming pace, fueled by Covid pandemic-related inflation,...
Tax-refund phishing scam targets college students and staff, IRS warns
Visoot Uthairam | Moment | Getty Images The IRS warned Tuesday of a tax-refund phishing scam targeting college students and staff who believe they have a pending tax refund. Con artists are using fake e-mails to impersonate the federal tax...