First-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market, the Labor Department reported Thursday. First-time claims for the week ended April 3 totaled 744,000, well above the expectation for 694,000 from economists surveyed by Dow Jones. The total represented […]
CNBC News
S&P 500 futures rise after the benchmark hits another record close, tech leads early gains
Futures contracts tied to the S&P 500 ticked modestly higher in early morning trading on Thursday, suggesting that Wall Street could extend gains that have propelled the benchmark to record levels this week. S&P 500 futures gained 0.3%. Futures for the tech-heavy Nasdaq 100 were the standout, jumping nearly 1%. […]
Apple and Epic just laid out how they’re going to fight about Apple’s control of the App Store
Nineteen Eighty-Fortnite ad Epic Games On Wednesday, Apple and Epic Games laid out in separate dueling legal filings what they consider to be the key facts and main legal issues ahead of an antitrust trial that’s scheduled to start in May. Apple and Epic Games, best known for its game […]
GameStop shares jump after company says it plans to name Ryan Cohen chairman
Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop announced Thursday that the Chewy co-founder Ryan Cohen will become its chairman following the company’s annual shareholder meeting, which is scheduled for June […]
S&P 500 futures rise after the benchmark marks another record close, tech leads early gains
Futures contracts tied to the S&P 500 ticked modestly higher in early morning trading on Thursday, suggesting that Wall Street could extend gains that have propelled the benchmark to record levels this week. S&P 500 futures gained 0.3%. Futures for the tech-heavy Nasdaq-100 were the standout, jumping nearly 1%. Futures […]
These are 2021’s best cities for first-time homebuyers
Heavy competition in today’s pricey housing market has sidelined some first-time buyers, especially in major metropolitan areas. These buyers usually make up about 40% of the market, but now it’s less than a third, according to the National Association of Realtors. The majority are millennials, aged 25-34. There is still […]
IMF warns debt overhang and financial vulnerabilities pose double threat to economic recovery
Photo taken on April 6, 2021 shows the International Monetary Fund IMF headquarters in Washington, D.C., the United States. Ting Shen | Xinhua News Agency | Getty Images LONDON — Policymakers and central banks need to be “very selective” with stimulus measures to avoid endangering global economic growth over the […]
ECB doesn’t want a premature spike in borrowing costs, Dutch central bank governor says
A woman walks past a closed cafe as Rome becomes a ‘red zone’, going into lockdown, as the country struggles to reduce the coronavirus disease (COVID-19) infections, in Rome, Italy, March 15, 2021. Yara Nardi | Reuters LONDON — European Central Bank Governing Council member Klaas Knot said Thursday he […]
Sneaker reseller StockX’s valuation jumps to $3.8 billion
Scott Cutler, CEO, StockX Scott Mlyn | CNBC StockX, after a record year of revenue, completed a new funding round that values the high-end sneaker reseller at $3.8 billion. On Thursday, StockX announced the conclusion of a $195 million secondary tender offering as well as an additional $60 million in […]
ECB doesn’t want a premature spike in borrowing costs, Dutch governor says
A woman walks past a closed cafe as Rome becomes a ‘red zone’, going into lockdown, as the country struggles to reduce the coronavirus disease (COVID-19) infections, in Rome, Italy, March 15, 2021. Yara Nardi | Reuters LONDON — European Central Bank Governing Council member Klaas Knot said Thursday he […]