Tag Archives: fall

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

Most cryptocurrencies are down Monday, prompting a flurry of activity in the options markets as traders reposition themselves amid increased volatility. Bitcoin (BTC) trading around $44,211 as of 21:00 UTC (4 p.m. ET). Losing 2.8% over the previous 24 hours. Bitcoin’s 24-hour range: $42,269-$46,462 (CoinDesk 20) Ether (ETH) trading around $3,376 as of 21:00 UTC (4 p.m. ET). In the red 1% over the previous 24 hours. Ether’s 24-hour range: $3,142-$3,587 (CoinDesk 20) Bitcoin dumps, rest of… Source link

Stocks fell Tuesday morning, with the Nasdaq adding to Monday’s losses as technology stocks came under increasing selling pressure as inflation concerns rose.  The S&P 500 and Dow also dropped. A day earlier, the Dow briefly topped 35,000 for the first time ever before erasing gains to end in the red. The Nasdaq dropped 2.6% to post its worst day since March. The S&P 500 also dropped more than 1%, with technology stocks sliding as traders rotated away from high growth stocks that could be… Source link

MOUNTAIN VIEW, Calif. — Google says it expects about 20% of ifs workforce to still work remotely after its offices reopen this fall, while some 60% will work a hybrid schedule that includes about three days in the office and two days “wherever they work best.” The remaining 20% can change their location to a different Google office. The policy announced Wednesday relaxes the company’s stricter earlier stance. “The future of work is flexibility,” CEO… Source link

The Golden State Warriors are still capable of taking down some of the NBA’s heavy hitters, primarily thanks to Stephen Curry‘s MVP campaign, but they have also had a tendency to turn into a raging dumpster fire at times this year. Tuesday’s game against the Dallas Mavericks was one of those times. In a game with major NBA seeding implications, the Warriors fell 133-103 to Dallas, and the game was somehow uglier than the final score indicated. Golden State’s nadir: a 28-0 run that turned a… Source link

Stocks fell Tuesday, with the three major indexes looking for dip for a second straight session.  The Dow and S&P 500 each opened further below their recent all-time highs. Cyclical travel and leisure stocks including airlines and cruise lines slid, while Big Tech stocks were little changed as the benchmark 10-year Treasury yield edged lower.  “It’s really been an amazing tug-of-war between growth and value, cyclicals and defensives. Tech has outperformed phenomenally well over the last… Source link

Golden State Warriors star Stephen Curry left their 108-94 win over the Houston Rockets early on Wednesday night after taking a brutal fall on his tailbone. Curry was ruled out with a tailbone contusion and did not return after his fall in the third quarter at the Toyota Center. Curry stumbles after missed 3-pointer Curry, in the final seconds of the third quarter, missed a 3-point shot at the wing and stumbled backward. As he was trying to catch his balance, Curry backpedaled off the court and… Source link

TipRanks AI Is Here; 3 ‘Strong Buy’ Stocks That Stand to Benefit Hi tech is the cool kid of investment sectors, offering an unbeatable combination of cutting edge chic and long-term stock market returns. It’s understandable; our digital world has clearly passed a point of no return in the integration of tech with our daily lives. Tech companies, whether large or small, are clearly in a position to gain from this trend, offering the products and innovations that will facilitate and expand… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

TipRanks Billionaire Ray Dalio Places Bet on 3 “Strong Buy” Stocks When billionaire financier Ray Dalio makes a move, Wall Street pays attention. Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975. With the firm managing about $140 billion in global investments and Dalio’s own net worth coming at $17 billion, he has earned legendary status on Wall Street. Summing… Source link