Why Payrolls and Unemployment Confused the Markets
The financial markets and Main Street agree that each release of the U.S. Department of Labor’s Employment Situation report is one of the most important as a fair measure of …
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Economy
U.S. Jobless Claims Pull Back Sharply After Two Straight Weekly Increases
Following two straight weekly increases in first-time claims for U.S. unemployment benefits, the Labor Department released a report on Thursday showing initial jobless claims pulled back by much more than …
Softbank seen returning to profitability three months after faltering tech bets: report
SoftBank has nearly exited all investing as it fights for survival: Gasparino Sources tell FOX Business’ Charlie Gasparino SoftBank is looking to raise capital and will likely slash dividends. TOKYO - …
UrbanSpace to bring fresh business to NYC’s Union Square amid COVID-19
In a welcome step forward for the retail- and restaurant-ailing Union Square area, major food-hall operator UrbanSpace has signed a long-in-coming lease for 10,000 square feet at Zero Irving, a …
Buffett's Bank of America (BAC) Position Draws Muted Response
Legendary investor Warren Buffett and Berkshire Hathaway Inc. (BRK.A) purchased more than 20 million shares of Bank of America Corporation (BAC) between July 28 and July 30, instituting a $520 …
India Central Bank Adopts Wait And Watch Stance As Covid-19 Refuses To Subside
The Reserve Bank of India left its key interest rates unchanged on Thursday, defying expectations for a quarter-point reduction, as it tries to keep inflation in check after the economy …
China goes to a familiar playbook to solve its economic woes
At a cavernous factory in the Chinese city of Xuzhou, 100 new workers have just been hired to produce giant construction cranes. Nearby, at another sprawling factory, employees toil until …
White House economist: Coronavirus relief bill is 'insurance policy' for V-shaped boom
Joe Lavorgna says COVID relief bill is ‘insurance policy’ for V-shaped boom, national lockdown won’t happen Joe Lavorgna, chief economist for the National Economic Council, joins Sandra Smith from the …
Monster Beverage Stock Extends Breakout
Monster Beverage Corporation (MNST) shares rose 5% during Wednesday's session after the company reported better-than-expected second quarter financial results. Monster Beverage stock received a big price target increase from Bank …
RBA Holds Key Rate At Record Low
Australia’s central bank maintained its interest rate at a record low and quantitative easing unchanged as the package unveiled in March is supporting the economy as expected. The board of …