A key U.S. inflation gauge rose 3.1% year over year, higher than expected
A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in...
Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office
Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch — except when big companies want to get their employees back to the office during a pandemic. Employers including banks...
Biden goes on offensive against economic critics, argues rising wages show his agenda is working
WASHINGTON — After weeks of defending his economic policies against critics who blame them for overheating the economy, President Joe Biden went on the offensive Thursday, arguing that rising wages are a sign his agenda is boosting the fortunes of...
Job searches jumped 5% in states cutting unemployment benefits, analysis finds
Peter Dazeley | The Image Bank | Getty Images The threat of losing unemployment benefits in two dozen states had a modest but short-lived effect on job search activity, according to an analysis published Thursday by job site Indeed. At...
Stocks making the biggest moves in the premarket: AMC Entertainment, Ulta Beauty, Salesforce.com & more
Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – The movie theater operator’s shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday’s...
Stocks making the biggest moves after hours: Salesforce, Ulta Beauty, HP and more
Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Salesforce shares jumped 5% in...
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at...
Jobs picture shows more improvement as unemployment claims slide
The U.S. jobs market edged closer to its pre-pandemic self last week as initial jobless claims totaled just 406,000 for the week ended May 22, the Labor Department reported Thursday. While that level is still well above the pre-Covid norm,...
Stock futures are slightly lower in overnight trading ahead of jobs data
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Stock futures were slightly lower in overnight trading on Wednesday as investors await new labor-market data to gauge the pace of the economic recovery. Futures on...
Meme stocks GameStop, AMC are popping again as speculative trading ramps back up
Rafael Henrique | LightRocket | Getty Images Just when you think the GameStop mania is a tale from the past, meme stocks came back from the dead with a double-digit rally this week as enthusiastic investors piled back into speculative...