More unemployment aid may be coming. Many are still waiting on the last round
Capitol dome Congress Mark Makela | Getty Images News | Getty Images President Joe Biden and congressional Democrats are hoping to pass $1.9 trillion of additional pandemic relief, including extra jobless benefits. Still, many unemployed workers haven’t yet gotten benefit...
Private companies added 174,000 jobs in January, vs 50,000 estimate, ADP says
A month after reporting the first loss since April, the employment picture bounced back in January as companies added 174,000 new jobs, according to a report Wednesday from payroll processing firm ADP. The gain beat the 50,000 estimate from economists...
Mortgage refinancing suddenly surges, but homebuyers stall due to sticker shock
A house for sale on December 17, 2020 in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may...
Alibaba looking to raise up to $5 billion in U.S. dollar bond issuance after earnings beat
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Alibaba will be taking advantage of the low interest rate environment in the U.S. right now by...
Dallas Fed President Kaplan stresses need for more spending to keep economic recovery going
Dallas Federal Reserve President Robert Kaplan in a CNBC interview Tuesday backed more spending across a variety of fronts as the economy tries to shake off the Covid-19 pandemic effects. President Joe Biden has proposed spending $1.9 trillion to provide...
As GameStop plunges, Volkswagen’s 2008 short squeeze gives an idea of how painful it will get
People walk past a GameStop store in Midtown Manhattan on January 27, 2021 in New York City. Michael M. Santiago | Getty Images Volkswagen often comes to mind when investors try to find a short squeeze comparable to GameStop’s jaw-dropping...
Fed’s Bostic says economy could recover more quickly than expected
Atlanta Federal Reserve President Raphael Bostic said Monday that he’s not worried about the U.S. economy overheating, though he does think growth could happen faster than many expect. In an estimate well ahead of most of his colleagues, Bostic, a...
CBO sees rapid growth recovery, labor force returning to pre-pandemic level by 2022
A worker uses a hoist to assemble a car seat at the Lear Corp. manufacturing facility in Hammond, Indiana. Jim Young | Bloomberg | Getty Images U.S. economic growth will recover “rapidly” and the labor market will return to full...
New chart shows China could overtake the U.S. as the world’s largest economy earlier than expected
Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China is set to overtake the United States as the world’s largest economy a few years earlier than anticipated due to the coronavirus pandemic,...
Melvin Capital, which bet against GameStop, lost more than 50% in January, report says
A GameStop Corp. store in Rome, Italy, on Thursday, Jan. 28, 2021. Alesia Pierdomenico | Bloomberg | Getty Images Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was...
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Trading education
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