Jobless claims hold above 400,000 for the second week in a row
Initial claims for unemployment insurance remained elevated last week as employers struggled to fill a record number of job openings. First-time filings totaled 411,000 for the week ended June 19, a slight decrease from the previous total of 418,000 but...
Rivals see ‘fierce’ competition as UAE digital bank Zand prepares for launch
Buena Vista Images | Stone | Getty Images Dubai, United Arab Emirates – Dubai-based digital bank Zand will attempt to attract customers with competitive deposit rates and a digital-first product lineup when it launches later this year, challenging traditional bank rivals as...
Delaware is expected to move to a $15 per hour minimum wage. What that could mean for the push to increase the national pay rate
Kristen Deptula, center, with her husband and two children, says that paying a $15 per hour wage has helped them grow their Rehoboth Beach, Delaware, business. Kristina Gwynn When Kristen Deptula and her husband bought the Canalside Inn in Rehoboth...
Market bull who predicted tech’s rebound believes Wall Street may avoid a summer setback
He predicted tech’s recent comeback, and now Oppenheimer Asset Management’s John Stoltzfus believes Wall Street can avoid an unnerving summer setback. He attributes tech’s latest outperformance as a key reason why it could be a positive summer for investors. “That...
Surging inflation is causing headaches for a cautious Bank of England
View of the Royal Exchange and Bank of England in London. Vuk Valcic | SOPA Images | LightRocket | Getty Images LONDON — The Bank of England is expected to hold interest rates at record lows and maintain its massive...
Fed Chair Powell says it’s ‘very, very unlikely’ the U.S. will see 1970s-style inflation
Federal Reserve Chairman Jerome Powell acknowledged Tuesday that some inflation pressures are stronger and more persistent than he had anticipated, though still not on par with some of the worst episodes the U.S. has seen historically. Under questioning from a...
Existing home sales in May drop for fourth straight month as affordability squeezes buyers
Sales of existing homes in May dropped for the fourth straight month due to a very low supply of homes on the market. Existing home sales fell 0.9% last month from April to a seasonally adjusted annualized rate of 5.8...
Watch Fed Chair Powell testify live before House Covid panel
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Tuesday before the House Select Subcommittee on the Coronavirus...
May existing home sales drop for a fourth straight month as affordability squeezes buyers out
Sales of existing homes dropped for the fourth straight month due to a very low supply of homes on the market. Existing home sales fell 0.9% in May from the previous month to a seasonally adjusted annualized rate of 5.8...
Victoria’s Secret reportedly borrows $500 million to finance split from Bath & Body Works
Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images Lingerie retailer Victoria’s Secret is taking out a $500 million loan to finance its split from Bath & Body Works, Bloomberg News reported Monday....
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Trading education
Introduction to Basic Trendline AnalysisIn this series we will piece together the anatomy of a swing trade and discuss ... 
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