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Stock futures opened slightly higher Thursday evening, ticking up as investors awaited a key print on the U.S. labor market. Contracts on each of the S&P 500, Dow and Nasdaq rose after declining during the regular trading day.  Traders are awaiting the May jobs report out Friday morning, which will offer another look at the strength of the labor market recovery and whether the economy has recovered enough to warrant a pivot in monetary policy stance from the Federal Reserve. Consensus… Source link

WASHINGTON — Last September, with COVID-19 vaccines still some three months from being made publicly available, the nation was recording about 40,000 new cases per day. In an interview with MSNBC, Dr. Anthony Fauci called that number “unacceptably high,” especially since people were bound to travel over the forthcoming Labor Day weekend. Shortly after that, cold weather would drive people indoors, where the virus would spread much more easily than it did in the open air. “I’d like to… Source link

SULLIVAN, IN. (WTWO/WAWV) — On this Memorial Day, it’s appropriate to share the story about a hometown hero. Don Bezy of Sullivan passed away a few months ago. Bezy, as he was known, is remembered as a successful businessman and a beloved family man. But during World War II he was a gunner on a B-25 serving in North Africa, Sicily, Italy, China, Burma, & India, and he flew 56 combat missions. Source link

John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance to discuss the labor market and the next steps for Fed policy. Below is a transcript of his appearance on June 3, 2021. — BRIAN CHEUNG: Joining us here in a Yahoo Finance exclusive interview is New York Fed President John Williams. Thank you so much for joining us here on the platform this afternoon. Obviously I want to kick things off with the economic data. A lot of eyes on the jobs report covering… Source link

John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance to discuss the labor market and the next steps for Fed policy. Below is a transcript of his appearance on June 3, 2021. — BRIAN CHEUNG: Joining us here in a Yahoo Finance exclusive interview is New York Fed President John Williams. Thank you so much for joining us here on the platform this afternoon. Obviously I want to kick things off with the economic data. A lot of eyes on the jobs report covering… Source link

Slack has been under pressure for not growing as fast as other work-from-home stocks. REUTERS/Brendan McDermid Slack (WORK), the online chat tool that has become the main way many people have communicated with their coworkers throughout the COVID-19 pandemic, reported its fiscal Q1 2022 earnings after the bell on Thursday, beating expectations on the top and bottom line. Here are the most important numbers from the report compared with what analysts were expecting as compiled by Bloomberg.

We’re now two years removed from Kawhi Leonard’s decision to leave the Toronto Raptors after capturing the franchise’s first title and join the Los Angeles Clippers in pursuit of a championship in L.A.  Those aspirations haven’t exactly gone as planned. Despite tying their first round series 2-2 on the road against the Dallas Mavericks, the Clippers are (once again) on the brink of elimination after losing Game 5 on their home court Thursday night. To make matters worse, Kawhi and his… Source link

Federal Reserve Bank of New York President John Williams said Thursday that he would like to see the U.S. economy make more progress before the central bank pulls back on its aggressive monetary stimulus. “We’re still quite a ways off from maintaining the substantial further progress we’re really looking for in terms of adjustments to our asset purchase program,” Williams told Yahoo Finance in an exclusive interview. But Williams added that the Fed should begin to be mindful of how the… Source link

As a presidential candidate in 2020, Joe Biden never mentioned ransomware. As president, however, he must craft a solution to a burgeoning economic and national-security threat that may now rank as dangerous as terrorism.  Ransomware attacks, perpetrated by hackers who paralyze an organization’s computer network and demand a ransom payment to unlock it, aren’t new. They date back to at least 2006 as a kind of side gig for enterprising hackers. What is new is the corporatization of… Source link

(Reuters) – Tesla Inc’s vehicle orders in China nearly halved in May, when compared to April, against the backdrop of increased government scrutiny on the U.S. electric carmaker, the Information reported on Thursday, citing internal data.    The company’s monthly net orders in China dropped to about 9,800 in May from more than 18,000 in April, the report https://bit.ly/3phOPE4 said, sending shares down nearly 5% in afternoon trading.    China is the electric car maker’s second-biggest… Source link