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Economy

“Job openings surge above 10 million for first time ever, Labor Department says”

“There were 10.1 million open jobs on the final day of June, the report said, up from 9.2 million in May. Economist polled by Dow Jones were expecting 9.1 million openings. The jump came as the quits rate increased while… Continue Reading…

Economy

“Oil could spike above $100 next year, Bank of America says”

“Oil could hit $100 per barrel next year as demand outstrips supply, according to Bank of America. The firm identified three factors on both the demand and supply side that should support prices into 2022. Analysts led by Francisco Blanch… Continue Reading…

Cryptocurrencies

“Ethereum, the world’s second-largest cryptocurrency, soars above $4,000 for the first time”

“Ether surged past $4,000 Monday to hit a new record high, extending a stunning rally for the world’s second-largest cryptocurrency. Ether, the digital token of the Ethereum blockchain, rose nearly 7% over the last 24 hours to $4,141.99 by 3:40 a.m.… Continue Reading…

Economy, Stocks

“…Nasdaq 100 sets new intraday high”

“Stocks reversed earlier losses and rose Thursday, pacing toward a fifth straight day of gains as investors looked past a new report showing new unemployment insurance claims totaled another 1.877 million last week, coming in slightly above expectations. The Nasdaq 100 rallied… Continue Reading…

Stocks

“Stock market news live updates: S&P 500 breaks above 3,000 amid vaccine hopes, reopenings”

“Stocks jumped Tuesday, and the S&P 500 traded above 3,000 for the first time since March 5, as hopes for an effective coronavirus vaccine combined with optimism over updates around states’ reopenings and better than expected new economic data. Each… Continue Reading…

Economy, Stocks

“Dow jumps 200 points to break above 27,000 for the first time ever”

“The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell that signaled easier monetary policy could be implemented later this month… Meanwhile, the S&P 500 rose 0.3% to trade back above… Continue Reading…

Cryptocurrencies, Stocks

“Bitcoin Topping $11,000 Propels Crypto-Linked Stocks Higher”

“Stocks with exposure to bitcoin are rallying in pre-market trading after the cryptocurrency traded above $11,000 for the first time in 15 months. Crypto-linked securities with pre-market gains include: Grayscale Bitcoin Trust BTC, which is gaining 7.8%; Riot Blockchain Inc.,… Continue Reading…