24% of unemployed workers have been jobless for over a year
The Inn of Rosslyn, which is permanently closed due to pressure from the Covid-19 pandemic, on Feb. 5, 2021 in Arlington, Virginia. Liu Jie/Xinhua via Getty Images ‘Breathtaking’ In all, those long-term unemployed represented 24% of the 9.9 million total...
Stocks making the biggest moves after the bell: Qiagen, Li Auto & more
An employee of a testing company Qiagen holds a test kit at Qiagen’s facility, in Hilden, Germany, September 8, 2020. Leon Kuegeler | Reuters Check out the companies making headlines after the bell on Tuesday: Qiagen – Qiagen shares ticked...
Bankers talk of being sold out as London waits for its own Brexit deal with Brussels
Despite a breakthrough last month, London-based bankers are nervously waiting for Britain and Brussels to agree on a post-Brexit relationship for their financial services industries. The U.K. and the EU agreed to continue talks and co-operation on financial services on...
The Fed could come under fire for easy policy while the economy soars and inflation rises
Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters As the economy booms over...
Fed’s Mester lauds jobs report, but says loose policy is staying put
Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. David Paul Morris | Bloomberg | Getty Images March’s strong job gains weren’t enough to convince Cleveland Federal Reserve President Loretta Mester that it’s time to...
Biden says higher corporate tax won’t hurt economy; Manchin opposes 28% rate
President Joe Biden talks to reporters on the South Lawn of the White House, in Washington, U.S., March 14, 2021. Cheriss May | Reuters President Joe Biden said Monday he is not worried that a plan to increase corporate America’s...
GameStop shares drop as much as 14% after Reddit-driven name plans a $1 billion stock sale
John Smith | Corbis News | Getty Images Shares of GameStop tumbled by double digits on Monday after the video game retailer said it may sell up to $1 billion worth of additional shares following a historic Reddit-fueled short squeeze. GameStop saw...
The 5 U.S. states where unemployment claims have recovered the most since the start of the pandemic
For the week ending on March 21, there were around 684,000 new unemployment claims across the country, according to WalletHub. That’s down significantly from April 2020, when 6.6 million first-time claims were made in just one week. But some states...
Dow futures jump more than 100 points after blowout jobs report
Traders on the floor of the New York Stock Exchange. Source: CNBC Stock futures climbed in overnight trading on Sunday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout. Futures on the Dow...
What to know about tax credits in the American Rescue Plan
kate_sept2004 | E+ | Getty Images Recovery rebate credit miodrag ignjatovic | E+ | Getty Images The recent round of relief included stimulus checks of up to $1,400 per person. But it also allows people to claim earlier rounds of...
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