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Economy

“Jobless claims: Another 861,000 Americans filed new unemployment claims”

February 18, 2021

“The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended February 13: 861,000 vs.… Continue Reading…

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Banking, Economy, Investing

“Short-Term Treasury Yields Could Go Negative. Here’s What That Means for Investors.”

February 17, 2021

“Yields on some Treasury bills—short-term securities that mature in a year or less—could temporarily turn negative because of a coming supply crunch, experts say. While they won’t be auctioned by the U.S. at rates below zero, as auction rules prevent that, bills… Continue Reading…

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Economy

“Jobless claims: Another 793,000 Americans filed new unemployment claims last week”

February 11, 2021

“The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Feb. 6: 793,000… Continue Reading…

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Business, Economy

“U.S. toy sales surged 16% in 2020…”

January 25, 2021

“Sales of skateboards, Legos and other playthings propelled U.S. toy sales to $25.1 billion last year, a 16% increase from 2019, as consumers looked for ways to pass the time during the coronavirus pandemic, The NPD Group said Monday… Although May showed the… Continue Reading…

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Economy

“Oil breaks above $50 for the first time since February”

January 5, 2021

“U.S. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $50 on Tuesday for the first time since February. The move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand loss sent futures… Continue Reading…

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Economy

“Almost 40% of Americans plan to spend less this holiday season…”

December 11, 2020

“Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to spend more… The average American plans… Continue Reading…

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Economy

“Dow Jones Jumps 400 Points… Nio, Tesla Race To Record Highs”

November 24, 2020

“The Dow Jones Industrial Average briefly jumped 400 points… Nio and Tesla stock again raced to record highs, but Nio reversed sharply lower in morning trade. Best Buy tumbled after reporting earnings ahead of the stock market open.Volume 0% Among… Continue Reading…

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Economy

“Jobless claims: Another 742,000 Americans filed new unemployment claims last week”

November 19, 2020

“The Department of Labor released its weekly report on new jobless claims Thursday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Nov. 14: 742,000… Continue Reading…

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Economy

“Job growth stronger than expected in October, unemployment rate slides to 6.9%”

November 6, 2020

“Employment growth was better than expected in October and the unemployment rate fell sharply… The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%. Economists surveyed by Dow Jones had been looking… Continue Reading…

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Economy

“The $68 trillion transfer of wealth in America is evaporating amid crisis”

November 5, 2020

“ According to a survey by the Center for New Middle Class, there was a 25% drop in the number of baby boomers who said they are self-employed or own their own business in the second quarter. That impact could… Continue Reading…

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