The numbers: Initial jobless claims rose by 23,000 to 230,000 in the week ended Jan. 8, the U.S. Labor Department said Thursday. It’s the highest level since mid-November. Economists polled by The Wall Street Journal had estimated new claims would slip to 200,000. Key details: The number of people already collecting jobless benefits plunged by 194,000 …
U.S. jobless claims jump to highest level since mid-November Read More »
China’s industrial profits increased at a slower pace in November, official data showed Monday, as raw material producers faced softer commodity prices. Industrial profits in November rose 9.0% from a year earlier, compared with October’s 24.6% increase, said the National Bureau of Statistics. For the January to November period, China’s industrial profit grew 38.0% on …
China’s November industrial profits rise, but at a slower pace Read More »
London stocks held steady on Thursday, with investors on both sides of the Atlantic on the fence ahead of a U.S. jobs report due at the end of the week. CMC Markets stood out, with shares plunging sharply after it warned of a slowdown in trading activity. The FTSE 100 index UKX, slipped 0.1% to …
The numbers: Orders for long-lasting goods fell in July for only the second time in 15 months, but the decline stemmed entirely from fewer bookings for new airplanes. Demand was strong in other parts of the economy despite widespread shortages of materials ands labor. Orders for durable goods slipped 0.1% last month, the government said …
Shares of General Electric Co. rallied Tuesday, after the industrial conglomerate beat profit and revenue expectations for the second quarter and swung to surprise positive cash flow, as aviation remained the biggest problem area with a revenue miss but saw improving fundamentals. GE said it was hurt by the supply chain issues that have been …
GE stock jumps after earnings beat, surprise swing to positive free cash flow Read More »
Stock futures are slipping ahead of Tuesday’s open, following more fallout from China’s regulatory crunch, which drove Hong Kong’s Hang Seng index HK:HSI to its lowest since Nov. 4, 2020. Of course, the Hang Seng also dropped 4% on Monday, and U.S. stock market indexes closed at record highs. Whether or not investors should worry …
How China’s stock-market meltdown puts U.S. investors at risk Read More »
The numbers: The U.S. created 850,000 new jobs in June as the economy perked up and companies rushed to add more workers. The increase in hiring last month easily exceeded Wall Street’s estimate. Economists polled by The Wall Street Journal had forecast 706,000 new jobs. Most of the new jobs were clustered in service-oriented positions …
U.S. gains 850,000 new jobs in June in sign of strength for the economy Read More »
European equities climbed higher on Friday ahead of the release of key U.S. economic data. Stock-market indexes across the region looked set to close out the trading week having eked out gains, after days of turbulence amid concerns over the more infectious variant of the coronavirus that causes COVID-19. The pan-European Stoxx 600 XX:SXXP rose …
First Solar Inc. said Wednesday that it plans to invest $680 million to build a new solar-panel factory in Ohio. The company said it hopes to start construction in Lake Township, Ohio, near Toledo, in the first half of 2023, and reach full production by 2025. The project is expected to create about 500 new …
First Solar plans to build new solar-panel factory in Ohio Read More »
There have been jitters in the stock market this year from fears of rising inflation. But Michael Arone, the chief investment strategist for State Street Global Advisors’ U.S. SPDR exchange traded fund business, is advising investors to focus more on the labor market, which is still sluggish, meaning the recovery has a long way to …
