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...
Stock futures are flat after a steep sell-off on Wall Street amid surging bond yields
Traders on the floor of the New York Stock Exchange Source: NYSE Stock futures were flat in overnight trading Thursday following a tech-led rout on Wall Street amid a surge in bond yields. Futures on the Dow Jones Industrial Average...
Employers likely added more jobs in February, but economists say there’s no bounce back yet
A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Hiring likely improved in February as more of the economy...
Weekly jobless claims rise less than expected despite weather impact
Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts from a pandemic that has been around now for nearly a year. The Labor Department on Thursday reported that first-time...
ESG investments surged in Asia-Pacific in 2020 as sustainable investing takes off, MSCI survey finds
Chinese tourists wear masks as protection from the pollution outside the Forbidden City during a day of high pollution in Beijing, China. Getty Images Sustainable investing is taking off in Asia-Pacific as institutional investors accelerated their environmental, social and governance...
Walmart says it will support U.S. manufacturers with $350 billion of added business
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart said Wednesday that it plans to back American manufacturers by...