Jobless claims drop more than expected for a new pandemic low
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low of 444,000, the Labor Department reported Thursday. Economist surveyed by Dow Jones had been expecting 452,000 new claims as the...
Covid outbreaks in Asia could hit supply chains and raise U.S. inflation, says expert
Fresh waves of Covid-19 cases in major manufacturing hubs in Asia could hit global supply chains — and that could cause inflation to rise quicker in the U.S., a business consultant said Wednesday. Japan, South Korea, Taiwan and Vietnam are...
Homebuyers are applying for ever bigger mortgages as home prices soar
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York on April 18, 2021. Raychel Brightman | Newsday LLC | Newsday | Getty Images...
Stocks making the biggest moves after hours: Cisco, L Brands, Synopsys & more
The logo of Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France. Philippe Wojazer | Reuters Check out the companies making headlines after the bell on Wednesday: Cisco — Shares of the data center networking hardware maker dropped...
The Fed hinted it could reconsider easy policies if economy continues rapid improvement
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday. “A number of participants suggested that if the economy continued to...
Stocks making the biggest moves in the premarket: Target, Lowe’s, MicroStrategy, CarMax & more
Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.69 per share for the first quarter, well above the $2.25 a share consensus estimate, with revenue also above analysts’ projections. Comparable-store sales...
Cryptocurrencies are close to reaching a big milestone versus gold by one Wall Street firm’s count
Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 trillion,...
Yellen pushes higher taxes, stronger unions, more global competition to U.S. Chamber
Secretary of the Treasury Janet Yellen speaks during a daily news briefing at the James Brady Press Briefing Room of the White House May 7, in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen called on Tuesday...
Dow futures rise more than 100 points after Wall Street begins week with modest losses
Pedestrians walk past the Nasdaq in New York on Sept. 3, 2020. Xinhua News Agency | Getty Images Futures contracts tied to the major U.S. stock indexes held steady in the overnight session Monday evening after Wall Street kicked off...
Homebuilder confidence is high, but rising costs of materials present major risks
Contractors work on single-family homes under construction in the Cadence Park development of The Great Park Neighborhoods in Irvine, California, on Wednesday, April 14, 2021. Bing Guan | Bloomberg | Getty Images Strong buyer demand is keeping homebuilders confident, but...
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