Berkshire Hathaway’s operating earnings jump 21% as recovering economy boosts railroad, energy units
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway’s operating income continued to rebound as its myriad of businesses from energy to railroads benefited from the economic reopening. The...
Robinhood shares jump nearly 8% as it closes out wild week
Vlad Tenev and Baiju Bhatt attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Shares of Robinhood popped again Friday as the volatile stock heads to end its first full...
Biden skips victory lap after strong July jobs report, warns of economic peril from rising Covid cases
US President Joe Biden speaks about the July jobs reports in the East Room of the White House in Washington, DC, on August 6, 2021. Saul Loeb | AFP | Getty Images WASHINGTON — President Joe Biden resisted the temptation...
July’s strong jobs report could prepare the Federal Reserve to dial back its bond-buying program
Employees from the Louisville Urban League speak with job seekers at a Job News USA career fair in Louisville, Kentucky, U.S., on Wednesday, June 23, 2021. Luke Sharrett | Bloomberg | Getty Images July’s strong jobs report puts the Federal...
Stocks making the biggest moves midday: Virgin Galactic, Robinhood, Yelp, Novavax & more
Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic’s passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe...
Unemployment rate falls for every group but is higher for Black and Hispanic workers
A man hands his resume to an employer at the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds. More than 80 companies were recruiting for over a thousand jobs. Paul Hennessy | LightRocket | Getty...
Payrolls increase 943,000 in July as unemployment rate slides to 5.4%
Hiring rose in July at its fastest pace in nearly a year despite fears over Covid-19’s delta variant and as companies struggled with a tight labor supply, the Labor Department reported Friday. Nonfarm payrolls increased by 943,000 for the month...
Shares of South Korea’s Kakao Bank jump nearly 80% on the first day of trading
A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul on June 21, 2021. JUNG YEON-JE | AFP via Getty Images Shares of Kakao Bank shot up nearly 80% during its market debut in...
Wells Fargo postpones return-to-office plans by a month amid coronavirus surge
Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo has pushed back plans for employees to return to corporate offices by a month in response to the...
Continuing jobless claims hit new pandemic-era low, falling below 3 million
Initial claims for unemployment insurance edged lower last week, meeting Wall Street expectations, while longer-term unemployment signs showed improvement, the Labor Department reported Thursday. First-time filings for benefits dipped to 385,000 for the week ended July 31, a decline of...
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