The unemployment rate is above 20% for the lowest-paid workers, Fed’s Brainard says
Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. Brian Snyder | Reuters Unemployment for the lowest-paid workers in the U.S. is above 20%,...
Many workers will get 4 extra weeks of unemployment benefits. Here’s how
A pedestrian passes a notice for the Revival International Center (Centro Internacional de Avivamiento) food pantry, in a city hard hit by the coronavirus disease (COVID-19) outbreak, in Chelsea, Massachusetts, U.S., July 9, 2020. Brian Snyder | Reuters The recent...
Mortgage refinance demand spikes 20% as borrowers fear missing out on record-low rates
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers,...
Trump’s business prospects just got dimmer as Wall Street backs away from tarnished brand
More than two decades ago, Donald Trump the New York developer found refuge at Deutsche Bank after a syndicate of lenders, including predecessor firms to JPMorgan Chase and Citigroup, cut ties with him. Now, after followers of President Trump laid...
Americans spent a record online over 2020 holidays, and more e-commerce gains are expected
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019. Michael Nagle | Bloomberg | Getty Images U.S. online purchases over the 2020 holidays grew 32.2%...
Fintech firm Checkout.com crowned Europe’s top unicorn after tripling valuation to $15 billion
The logo for payments start-up Checkout.com. Checkout.com LONDON — Online payments firm Checkout.com is now Europe’s top tech unicorn. Checkout.com said Tuesday that it had raised $450 million in an investment led by Tiger Global Management — which is also...
Stocks making the biggest moves in the premarket: Twitter, Gilead Sciences, Lululemon & more
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares are falling sharply in premarket trading after the company permanently suspended President Donald Trump’s account. Twitter said it took the action due to...
JPMorgan and Citigroup join U.S. corporations halting political donations after Capitol riot
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., second left, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. Andrew Harrer | Bloomberg | Getty Images JPMorgan Chase and Citigroup...
The unemployment labyrinth may have killed this musician’s dream
The Going Jessies. Derek Wood (center), Angela Paradis (right) and James Breeding (left) Photo: Derek Wood Derek Wood was about to achieve a lifelong dream. Unemployment benefits may prove to be his foil. Wood, 49, a guitar player and songwriter...
Here’s what Nio’s first sedan to rival Tesla in China looks like
William Li, founder and chairman of Nio, shares features of the et7 sedan at a launch event in Chengdu, China, on Jan. 9, 2021. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Nio released its first sedan on...
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Trading education
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