Stock futures are flat to kick off the week with the S&P 500 just inches from a record
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures are flat in early morning trade on Monday as the S&P 500 attempts to make a run at a record high this week amid optimism about...
El Salvador looks to become the world’s first country to adopt bitcoin as legal tender
Nayib Bukele, El Salvador’s president, delivers a speech to Congress at the Legislative Assembly building in San Salvador, El Salvador, on Tuesday, June 1, 2021. Photographer: Camilo Freedman/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images MIAMI — El...
G-7 nations reach historic deal on global tax reform
Britain’s Chancellor of the Exchequer Rishi Sunak (from left), U.S. Treasury Secretary Janet Yellen, Managing Director of the IMF Kristalina Georgieva and Canada’s Finance Minister Chrystia Freeland chatting on the first day of the Group of Seven Finance Ministers Meeting...
Stocks making the biggest moves midday: Square, Biogen, DocuSign and more
The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. John Tlumacki | Boston Globe | Getty Images DocuSign – Shares of the electronic signature company surged 19.7% after beating on the...
Jobs report shows improvement, but not enough to get Fed talking about tapering
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters Hiring improved in May, but 559,000 new jobs aren’t enough to spur the Federal Reserve to begin to talk about tapering back...
Fed’s Mester lauds jobs report but says it’s not enough to change policy
May’s job gains were “solid” but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester told CNBC. “Bottom line, I would like to see further progress than where we are right now,” Mester told CNBC’s...
Job creation accelerated in May but is still below lofty expectations
Job creation disappointed again in May, with nonfarm payrolls up what normally would be considered a solid 559,000 but still short of lofty expectations, the Labor Department reported Friday. Payrolls were expected to increase by 671,000, according to economists surveyed...
Powell says climate change is not a main factor in the Fed’s policy decisions
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell said Friday that climate change is not a main consideration for the central bank when formulating monetary policy. Speaking on a panel of his global colleagues,...
Wall Street should brace for ‘larger than normal price swings,’ PNC’s chief investment officer warns
A top investor expects volatility to dominate Wall Street for months. Amanda Agati, PNC Financial’s chief investment officer, lists stretched market valuations, Federal Reserve taper chatter and the end of stimulus checks as troubling forces in the market. “You have...
Jobless claims fall below 400,000 for the first time since the early days of the pandemic
Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic, the Labor Department reported Thursday. First-time filings for unemployment benefits totaled 385,000 for the week ended May 29, a decline from the...