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Workers filing for new unemployment benefits fell to a new pandemic-era low in the latest week, hitting their lowest levels in more than a year as the labor market continued to heal from the worst days of the COVID-19 outbreak.  The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics expected from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended May 15: 444,000 vs. 450,000… Source link

Dogecoin, which started as a joke crypto token, has swung to and fro on Elon Musk’s tweets. Photo: Yuriko Nakao/Getty Images The price of Dogecoin (DOGE-USD) spiked on Thursday, before retreating slightly, after Tesla (TSLA) founder Elon Musk again posted his support for it on social media. The cryptocurrency climbed as high at $0.40 (£0.28) from lows of $0.29 earlier in the day after a brutal sell-off on Wednesday. The price of dogecoin spiked immediately after Musk tweeted on Thursday…. Source link

After Wednesday’s cryptocurrency collapse erased more than $500 billion in global market cap, bitcoin finds itself teetering on a very key technical level. Regardless of whether or not it was all sparked by Elon Musk tweets, or a rotation by institutional players out of bitcoin (BTC-USD) into altcoins or gold, the world’s largest crypto by market cap dipped below its 200-day moving average on Wednesday. According to historical bitcoin data from Fundstrat Global Advisors, bitcoin trading above… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 20, 2021 The single-family housing market is under pressure. Will it be the next market to crack?  Over the course of the last year, we’ve seen a series of market fads come and go.  On Wednesday, cryptocurrencies were just the latest buzzy asset class to see a swift reversal in market sentiment (followed by a reversal of that… Source link

One eye, one shot, one game. It doesn’t matter to the champion Los Angeles Lakers who escaped a dangerous 103-100 play-in battle on Wednesday featuring the scariest dude of them all. LeBron James’ Hail Mary must’ve been full of grace in the final minute, much to the chagrin of Stephen Curry, a man who’s performed his share of unbelievable magic this time of year. But perhaps it was the perfect test for a team that had more internal struggles through the season than challenges from the… Source link

Revenge Of The Klubot In what has become a weekly occurrence in 2021, Corey Kluber etched his name in the history books Wednesday night by throwing a no-hitter versus the Rangers. The right-hander threw exactly one inning for Texas last season before suffering a season-ending shoulder injury and now has achieved baseball’s sixth no-hitter of the season and the first of his amazing career. The only wart on the scorecard for Kluber was a four-pitch walk to Charlie Culberson in the third inning… Source link

The Guardian After 20 years of insults, Kwame Brown proved revenge is best served flaming hot The former No 1 overall pick in the NBA draft has been ridiculed for years as a bust. This week, in hours of YouTube rants, he set the record straight Kwame Brown talks to Kobe Bryant during his time with the Lakers in 2006. Photograph: Andrew D Bernstein/NBAE/Getty Images Before the NFL’s JaMarcus Russell there was the NBA’s Kwame Brown. Like the former Raiders quarterback, Brown was a top draft… Source link

James Hardie Industries plc (ASX: JHX; NYSE: JHX), the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, today announced that its Chief Executive Officer, Dr. Jack Truong, participated in an interview with Yahoo Finance’s “Market Close” on Wednesday, May 19, 2021 New York City, USA time. To watch the segment click : https://finance.yahoo.com/video/james-hardie-ceo-companys-earnings-212829340.html Forward-Looking Statements This Media… Source link

SYDNEY–(BUSINESS WIRE)–James Hardie Industries plc (ASX: JHX; NYSE: JHX), the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, today announced that its Chief Executive Officer, Dr. Jack Truong, participated in an interview with Yahoo Finance’s “Market Close” on Wednesday, May 19, 2021 New York City, USA time. To watch the segment click : Source link

Bloomberg King of LNG Undercuts Rivals to Keep Dominating World Market (Bloomberg) — The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out of the market.Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. It’s also established a trading team to compete in the nascent spot market and… Source link