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Economy

“23 million American jobs in immediate danger from the coronavirus crisis”

“Some 23 million jobs may be in immediate danger from the massive disruptions to the U.S. economy from the coronavirus epidemic. Americans who work in retail, airlines, travel agencies, restaurants, hotels and entertainment are the most vulnerable, according to a new… Continue Reading…

Banking

“Toyota recalls 3.2 million vehicles worldwide over fuel pump problem”

“Toyota Motor Corp <7203.T> said Wednesday it is now recalling 3.2 million vehicles worldwide to address a fuel pump issue that could result in engines stalling… The automaker told the U.S. National Highway Traffic Safety Administration in January it was… Continue Reading…

Economy

“Employers post more jobs in October in sign of solid economy”

“The number of available jobs jumped in October after hitting an 18-month low the previous month, a sign the job market remains strong. The Labor Department said Tuesday that the number of available positions rose 3.3% to nearly 7.3 million. That suggests… Continue Reading…

Stocks

“Peloton saw $942 million in market value wiped out in a single day…”

“Shares of Peloton, the buzzy bike startup, fell more than 9% on Tuesday as backlash to a new holiday ad built on social media. That erased nearly $942 million from Peloton’s market value in a single day, bringing the company’s market… Continue Reading…

Stocks

“Millennial bets most of his savings on one of the stock market’s riskiest plays — and he’s about to cash in $1.5 million”

“…  he took most of the cash he managed to save from his day job and put it to work in one of the riskiest corners of the market. He claims he purchased about $100,000 worth of Direxion Daily Financial… Continue Reading…

Economy

“PayPal CEO: Spending by our nearly 300 million users makes me ‘pretty bullish’ about US economy”

“Dan Schulman, CEO of digital payments giant PayPal, told CNBC on Wednesday that spending activity by their nearly 300 million users remains high, strengthening his optimism about the future of the overall U.S. economy. “In the U.S., consumer spend is still strong,” Schulman… Continue Reading…

Economy, Stocks

Stock: “Insiders are selling stock like it’s 2007”

“The leaders of Corporate America are cashing in their chips as doubts grow about the sustainability of the longest bull market in American history. Corporate insiders have sold an average of $600 million of stock per day in August, according to TrimTabs… Continue Reading…

Economy

“U.S. Oil Output Tops 12 Million Barrels a Day for First Time”

“U.S. crude output soared to new heights in April, highlighting OPEC’s dilemma just days before the producer group meets amid growing geopolitical threats. A government report on Friday showed U.S. production grew 2.1% in April to 12.16 million barrels a… Continue Reading…

Economy

“$700 million in oil spill money slated for Louisiana roadwork”

“Louisiana lawmakers want to redirect nearly $700 million in Gulf oil spill recovery money that had been earmarked for trust funds to instead finance roadwork, bridge upgrades and port improvements. The state is receiving yearly payments of $53.3 million through… Continue Reading…

Stocks

“California Man Makes $2.8 Million Trading Stocks From Home—How?”

“In 2012, Kyle graduated college with $80,000 in debt and no job offers in sight. He asked his mom to get him a job at the real estate office, and after several months of saving a few hundred dollars a… Continue Reading…