Tag Archives: week

Skift Take In Skift’s top stories this week, Google joins global partnership Travalyst, backed by Prince Harry, in an act towards sustainability, Europeans are set to make record summer travel numbers, and loyalty programs are being revamped across major and minor travel brands alike. Mary Ann Ha Throughout the week we are posting original stories night and day covering news and travel trends, including on the impact of coronavirus. Every weekend we will… Source link

U.S. jobless claims held near multi-decade lows last week as companies worked to keep employees on their payrolls amid ongoing labor shortages. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended April 9: 185,000 vs. 170,000 expected and a revised 167,000 during prior week Continuing claims, week ended April 2: 1.475… Source link

A flurry of big bank earnings and fresh inflation data out of Washington are expected to keep investors busy this holiday-shortened trading week. Market participants will also tune in Wednesday for a key economic report on March retail sales activity. Despite a four-day trading session, with Wall Street closed for Good Friday, a pivotal week is underway for investors as mega-banks including JPMorgan Chase, (JPM), Goldman Sachs (GS), and Citigroup (C) get the ball rolling on Q1 earnings… Source link

FULTON MARKET — Mimosas, cupcakes, prize raffles and a full-service breakfast bar welcomed back nearly 2,000 employees at Google’s Midwest headquarters in Fulton Market Tuesday. They also arrived at the office with new rules. With its official reopening this week, Google executives said the company has adopted a “flexible workweek” with employees required to work from the office three days a week, with no planned date to implement a full five-day return. “Three days a week we feel… Source link

After last week’s solid March jobs report, investors this week are set to turn their attention to more commentary from the Federal Reserve, along with several quarterly corporate earnings reports. And to this end, Wednesday’s release of the Federal Open Market Committee’s (FOMC) March meeting minutes will be closely watched. The minutes, capturing the meeting that took place March 15-16, will unveil more of monetary policymakers’ thinking around the path forward for interest rates after their… Source link

If jobs and wages told you everything you need to know about the U.S. economy, we’d be in a golden age. Employers added 431,000 new jobs in March, a muscular pace of hiring that shows no sign of abating. Job creation is averaging 562,000 new jobs per month so far this year, and 565,000 new jobs per month since President Biden took office in 2021. At this rate, the economy will exceed pre-pandemic levels of employment by summer. The unemployment rate dropped from 3.8% to 3.6% and is also on… Source link

The March jobs report takes center stage this week. The Labor Department’s monthly snapshot of U.S. employment will be closely watched by market participants and will carry special weight as Federal Reserve officials appear to signal more hawkishness in the central bank’s rate-hiking plans. Meanwhile, Core PCE, the Fed’s preferred inflation gauge, is also due out Wednesday and will offer further clues on how aggressive the next interest rate bump could be. Despite a streak of seesaw… Source link

Joe Biden, Oilman? He’d never characterize himself that way, given that he wants his presidency to mark the most decisive move yet toward green energy. But uncomfortable realities are forcing President Biden to tacitly condone new U.S. oil drilling and offer federal support for the increased production and export of U.S. natural gas. It could turn out to be the biggest unannounced pivot of his presidency. After Russia invaded Ukraine on Feb. 24, the United States and many other countries… Source link

After U.S. stocks staged a rebound last week in the wake of the Federal Reserve’s much-anticipated monetary policy decision, investors this week will look ahead to a somewhat quieter slate of corporate earnings and economic data releases. One of the most closely watched earnings reports will come after market close on Monday from Nike (NKE). As one of the few companies to report earnings that cover performance for this year, Nike’s fiscal third-quarter results will provide an update as to how… Source link

New unemployment claims improved more than expected last week, further reflecting a tight labor market and relatively low levels of firings and layoffs. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended March 12: 214,000 vs. 220,000 expected, 227,000 during prior week Continuing claims, week ended March 5: 1.419… Source link