Tag Archives: fall

Initial unemployment claims likely dropped for a seventh straight week to a fresh pandemic-era low, with the number of newly unemployed individuals trending down as economic activity ramped further. In the coming weeks, a phase-out of enhanced unemployment benefits across many states may further decrease the total number of claimants.   The Department of Labor is set to release its weekly report on new jobless claims on Thursday at 8:30 a.m. ET. Here are the main metrics expected from the… Source link

At the height of the COVID-19 pandemic, landlords in major cities across the country were rolling out the red carpet to attract renters. Faced with a glut of empty apartments amid an urban exodus, landlords in New York City for example, lured renters with things like three months free rent, American Express gift cards, and Citi Bike memberships. Now, with nearly half of the U.S. population vaccinated and the economy reopening, landlords aren’t feeling as generous. Jonathan Miller, president… Source link

With a roster of new executives on deck, video game retailer GameStop (GME) is gearing up for a turnaround. But for investors, that new direction is as yet unclear. Shares of GameStop sank by 27% on Thursday, logging their worst day since March even after the company reported first-quarter results that topped estimates. Sales grew by a better-than-expected 25% to $1.28 billion, while adjusted losses narrowed to 45 cents per share, compared to losses of $1.61 per share during the same period… Source link

Fossil’s Gen 5 watches, released over a year ago, are getting an upgrade in the fall. Fossil

For many teachers across the country, the stress of managing their own health concerns during the pandemic, juggling classroom and online education and trying to maintain a connection with students has brought them to a breaking point. A January survey by RAND Corporation found that because of pandemic-related anxieties, one-quarter of U.S. teachers plan to leave the profession by the end of the year. “One of the most consistent narratives you’ve probably heard over the past year is [that]… Source link

TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Let’s talk about defending your portfolio. It’s a common impulse for most investors, when the economy starts to turn sour. We’re in a growth phase now, with economic activity rebounding strongly from the corona-crisis shutdowns, and with reopening getting into full stride, economists are predicting up to 8% GDP expansion this year. But there are clouds on the horizon. Inflation is rising, and the April jobs report was,… Source link

The Independent ‘Shame on the Republican party’: GOP senators block Capitol riot commission Senate Republicans have blocked a bipartisan commission to investigate the Capitol insurrection, hoping to crush a probe into the violent assault before critical 2022 elections while GOP lawmakers manipulate a narrative around a riot inspired by persistent election myths. Despite a last-minute lobbying effort from US Capitol Police officers and the family of an officer who died after the attack,… Source link

Last year, the U.S. reported 1,288 COVID-19 deaths on the Friday before Memorial Day weekend. Over 46,000 Americans were hospitalized because of the virus. And more than 5 percent of tests were still coming back positive, foreshadowing a huge summer surge. At the time, a full 70 percent of Americans said they were either “very worried” or “somewhat worried” about COVID-19. Just 30 percent said they were “not very worried” or “not worried at all.” Exactly one year later, as… Source link

Bloomberg Old-School Tycoons of Hong Kong Are Losing to China’s Moguls (Bloomberg) — The prediction was vintage Jack Ma, as provocative as it was prescient.“This is the era of the internet,” the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding Ltd. public in Hong Kong had been scuttled by regulators. “It no longer belongs to Li Ka-shing.”Ma’s dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few… Source link

Home sales fell for the third straight month this year as home prices continue to rise at a record pace. Existing home sales fell 2.7% to a seasonally adjusted 5.58 million in April, from a month earlier, according to the National Association of Realtors (NAR). The results missed analyst expectations of a 1% gain, according to Bloomberg consensus. April sales activity was up 33.9% from the same month a year earlier when the nation was under a lockdown due to the coronavirus pandemic. Compared… Source link