Retail sales likely dipped in July as consumers held off on purchases amid Covid delta worries
Shoppers carry bags of purchased merchandise at the King of Prussia Mall, in King of Prussia, Pennsylvania, December 8, 2018. Mark Makela | Reuters Retail sales were expected to have fallen off in July, as consumers reacted to the delta...
Stocks making the biggest moves in the premarket: Sonos, MicroStrategy, Seagate Technology and more
Take a look at some of the biggest movers in the premarket: Sonos (SONO) – Sonos shares surged 10.6% in the premarket after an International Trade Commission judge ruled that Alphabet’s (GOOGL) Google unit had infringed on some of the...
There’s growing support within the Fed to announce the tapering of bond purchases in September
Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, July 15, 2021....
Stock futures pull back after the Dow and S&P 500 set records
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021. Brendan McDermid | Reuters Futures contracts tied to the major U.S. stock indexes slipped Sunday evening as the S&P 500...
Stocks making the biggest moves midday: Disney, Airbnb, Honest Company and more
General views of the Mickey Mouse Ferris Wheel at Disney California Adventure Park at the Disneyland Resort, which has reopened for outdoor dining and shopping on April 11, 2021 in Anaheim, California. AaronP | Bauer-Griffin | GC Images | Getty...
Consumer sentiment measure falls to pandemic-era low, sees one of largest drops on record
A key consumer sentiment reading saw a dramatic drop in early August as the delta variant of Covid-19 increased fears about the path of the economy, the University of Michigan said Friday. The consumer sentiment index tumbled to 70.2 in...
IRS, Treasury send $15 billion in child tax credit payments to families
Tom Werner | DigitalVision | Getty Images More households got a monthly payment of the child tax credit in August, reaching an additional 1.6 million kids relative to July, the Treasury Department and IRS said Friday. The IRS disbursed $15...
Covid vaccine mandates in job listings jump by 34% as delta variant sparks surge in virus cases
OLIVIER DOULIERY | AFP | Getty Images Job postings requiring a Covid-19 vaccine have jumped sharply in the past month among a wide range of businesses, according to a new analysis published Thursday by job site Indeed. The increase comes...
Stock futures inch higher after S&P 500 closes at a record, Disney shares jump
Trader on the floor of the New York Stock Exchange. Source: NYSE Stock futures inched higher on Friday as the S&P 500 seeks to end a winning week on a high note. Futures on the Dow Jones Industrial Average rose...
Labor Department pumps $240 million into unemployment system to fight ‘terrifying’ fraud
Erin Scott/Bloomberg via Getty Images It’s unclear exactly how much money has been lost to theft. The Labor Department’s Office of Inspector General estimates about $87 billion in benefits may ultimately be paid improperly, a significant portion due to fraud,...
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