NFL’s Kendricks pleads guilty to insider trading after swapping cash and tickets for stock tips
Former NFL player Mychal Kendricks faces 25 years in prison after pleading guilty to insider trading on Thursday. The linebacker pleaded guilty in a Philadelphia courtroom to using insider stock tips to enrich his financial portfolio. He also admitted to...
President Trump hints to WSJ that trade fight with Japan could be next
President Donald Trump told a columnist for The Wall Street Journal that he will take his trade fights to Japan next. WSJ’s James Freeman wrote on Thursday about a phone call he received from the president, in which Trump “described...
Short seller Andrew Left sues Tesla and Elon Musk, claiming stock manipulation
Andrew Left of Citron Research said on Thursday he is suing Tesla and its CEO Elon Musk for violating federal securities laws. The lawsuit alleges Musk manipulated the price of Tesla shares by issuing materially false and misleading information, according...
Service sector boomed in August, while factory orders fell more than expected in July
The service sector boomed in August, while factory orders sank more than expected a month earlier, according to two reports released Thursday. The Institute of Supply Management’s measure of the non-manufacturing sector for August came in at 58.5, blowing away...
US jobless claims fall to near 49-year low
The number of Americans filing for unemployment benefits fell to near a 49-year low last week, pointing to sustained labor market strength that should continue to underpin economic growth. Initial claims for state unemployment benefits dropped 10,000 to a seasonally...
US productivity grew at strong 2.9% rate in the second quarter
The Labor Department on Thursday affirmed last month’s report that U.S. productivity increased at an annual rate of 2.9 percent in the second quarter. The government reported few revisions to the productivity figures released in August. The jump in productivity...
Private payroll growth tails off but job market still ‘incredibly dynamic’: ADP and Moody’s
Private payroll growth in August slowed to its weakest level since October as the U.S. economy continued to move toward full employment, ADP and Moody’s Analytics reported Thursday. Companies added 163,000 jobs for the month, a considerable slowdown from the...
Stocks making the biggest move premarket: CBS, XOM, FB, DAL, NAV & more
Check out the companies making headlines before the bell: CBS – CBS is in talks with National Amusements and controlling shareholder Shari Redstone to settle litigation over control of the media company, according to a Wall Street Journal report. According...
China warns it will retaliate if US slaps on new tariffs
China will be forced to retaliate if the United States implements any new tariff measures, China’s commerce ministry warned on Thursday, as the world’s two biggest economies remain locked in an intensifying trade war. Global markets were on edge after...
Cryptocurrencies widely plunge after report Goldman is rolling back plans
Bitcoin prices continued to take a hit on Thursday morning Asia time, following a report that Goldman Sachs was dropping its plans for opening a trading desk for cryptocurrencies. The world’s largest digital currency fell to a low of $6,279.08...
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