October 14, 2021
“Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to… Continue Reading…
October 11, 2021
“…The U.S. benchmark crossed the psychological $80 per barrel level on Friday for the first time since November 2014, jumping more than 2% before easing into the close. Brent also rose more than 2% higher early in the session. On… Continue Reading…
October 11, 2021
“Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $1.45, or 1.8%, at $83.84 a barrel… Continue Reading…
October 7, 2021
“…News of a possible debt-ceiling accord stoked the biggest positive turnaround in the equity market in more than seven months on Wednesday, and stocks extended gains Thursday. In the bond market, traders bid back up the prices of Treasuries set… Continue Reading…
October 7, 2021
“The total of Americans submitting jobless claims fell sharply last week as enhanced federal unemployment benefits wound down, the Labor Department reported Thursday. Initial filings for unemployment benefits totaled a seasonally adjusted 326,000 for the week ended Oct. 2, below… Continue Reading…
October 6, 2021
“A trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so,” Philip Diehl, former director of the United States Mint, tells Axios. Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to… Continue Reading…
October 5, 2021
“EDITOR NOTE: While it once looked like the global economy was on the road to recovery, a “perfect storm” has created a supply chain disaster that is throwing the recovery off course, per The Guardian. President of Queens College, Cambridge,… Continue Reading…
October 4, 2021
“The Dow Jones Industrial Average fell about 430 points, despite a large gain in Merck. The S&P 500 shed 1.2%. The technology-focused Nasdaq Composite was the relative underperformer, dipping roughly 2%. Large tech shares like Apple, Nvidia, Amazon and Microsoft were lower as investors eyed bond… Continue Reading…
October 4, 2021
“The global airline industry is expected to lose close to $12 billion next year, cutting its losses from this year by 78% as carriers slowly recover from the Covid-19 pandemic, the International Air Transport Association said in a forecast Monday.… Continue Reading…
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