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US Jobless Claims Fall to 730,000 but Layoffs Remain High February 25, 2021
The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.Applications for benefits declined 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday.
US Existing Home Sales Up 23 Percent Over Last Year February 19, 2021
Sales of previously occupied U.S. homes rose again last month, a sign that the housing market's strong momentum from 2020 may be carrying over into this year.
US Weekly Jobless Claims Unexpectedly Rise Despite Labor Market Recovery February 18, 2021
The number of Americans filing first-time applications for unemployment benefits unexpectedly rose last week, but the labor market is steadily recovering as additional fiscal stimulus and falling COVID-19 cases allow more services businesses to reopen.
Bitcoin Nears $50,000, Wider Adoption Fuels Record Rally February 14, 2021
Bitcoin hit a new record high and approached $50,000 on Sunday, building on its record rally as Wall Street and Main Street increasingly adopt the world's biggest cryptocurrency.Bitcoin recently stood at $48,800 on Sunday morning, up 3.2%. It had traded as high as $49,714...
GM CEO Says Chip Shortage Cut $2 Billion in Profits February 10, 2021
General Motors Co on Wednesday said the global semiconductor chip shortage could shave up to $2 billion from 2021 profit, but the U.S, automaker's highly profitable big pickups and SUVs won't suffer any production cuts.
Oil's Remarkable Rebound From a Year of Catastrophe February 7, 2021
One year after the first glimmers of the catastrophe awaiting global oil markets -- from deserted Chinese cities to grounded jets -- crude is staging a remarkable turnaround.The crisis triggered by the deadly coronavirus was the worst the petroleum industry has ever seen....
World's Economic Recovery Gets Delayed by Slow Vaccine Rollouts January 24, 2021
The world economy is facing a tougher start to 2021 than expected as coronavirus infections surge and it takes time to roll out vaccinations.While global growth is still on course to rebound from the recession of last year, it may take longer to ignite and not be as healthy...
US Existing Home Sales Hit 14-year Record Despite Pandemic January 22, 2021
Record low mortgage rates amid the coronavirus pandemic fueled a US housing boom last year, pushing existing home sales to the highest since 2006, according to a survey released Friday.Existing home sales totaled 5.64 million in 2020, 5.6 percent higher than in 2019, the...
Global Stocks Sink After China Coronavirus Resurgence January 22, 2021
Global stock markets and U.S. futures retreated Friday after a resurgence of coronavirus infections in countries including China and downbeat economies news in Europe.Futures for the Dow and S&P 500 were down 0.7%, while European indexes were down about 1% and Asian...
Ford, Toyota Face US Production Slowdown Over Semiconductor Shortage January 11, 2021
Toyota and Ford said on Monday they will slow down or even stop production at US factories as the auto industry grapples with a shortage of vital computer chips.The shortage is caused by an increase in demand for consumer electronics during the coronavirus pandemic, which...
Investors Look to Upcoming Earnings for a View Into 2021 January 10, 2021
Investors will be anxious to see whether upcoming quarterly reports and outlooks from U.S. companies validate expectations for a strong 2021 rebound in earnings and the economy, which were ravaged by the coronavirus pandemic last year. U.S. stocks are at record highs,...
US Jobless Claims Post Surprise Drop Though Virus Risk Remains December 31, 2020
U.S. claims for unemployment benefits fell unexpectedly to a one-month low though the recent increases in coronavirus cases and business closures threaten to keep layoffs elevated through early 2021.Initial jobless claims in regular state programs declined by 19,000 to...
Wall St Hits Record High After Trump Signs Fiscal Aid Bill December 28, 2020
Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery and drove gains in financial and energy stocks. In a sudden reversal late on Sunday, Trump...

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