House Speaker Nancy Pelosi said “there is momentum” toward a coronavirus stimulus deal after new data Friday showed sluggish jobs growth in the face of an infection surge. Nonfarm payrolls grew by 245,000 in November, falling significantly below expectations of 440,000. The sign of a flagging economic recovery comes amid […]
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A beginner’s guide to ‘value’ investing – everything you need to know
Getty Images So-called “value” stocks have soared recently and are expected to continue to rise, but experts say there are some key factors to consider before investing. First, what are value stocks and what does value investing mean? Teodor Dilov, fund analyst at U.K. investment platform Interactive Investor, said that […]
Schumer ups pressure for Covid stimulus deal, warns of double dip recession as job growth slows
U.S. Senate Democratic Leader Chuck Schumer (D-NY) takes questions during a news conference on Capitol Hill in Washington, December 1, 2020. Kevin Lamarque | Reuters Top congressional Democrats ratcheted up the pressure to strike a coronavirus stimulus deal Friday after new data showed sluggish jobs growth in the face of […]
U.S. dollar hovers around two-and-a-half year low; Analysts see further weakness in 2021
United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington November 14, 2014. Gary Cameron | Reuters The U.S. dollar is currently hovering around lows last seen in April 2018 as investors continue to pour back into riskier assets, and […]
Cheesecake Factory settles with SEC over misleading Covid risk disclosures, a first for a public company
The Cheesecake Factory is coming to New York City. George Rose | Getty Images The Securities and Exchange Commission has charged and settled with the Cheesecake Factory for misleading investors with its Covid-19 disclosures. This is the first time that the regulator has charged a company for misleading investors about […]
CDC’s new Covid quarantine guidance criticized for addressing the wrong problem
Nurses display a ‘Stay Home’ sign on their vehicle during a car caravan of nurses calling for people to remain home amid a surge of COVID-19 cases in El Paso on November 16, 2020 in El Paso, Texas. Mario Tama | Getty Images The Centers for Disease Control and Prevention […]
Looking for an edge, esports team Fnatic hires sports scientists to try to boost gamers’ performance
Team Fnatic lift the winners’ cup after the “Counter-Strike: Global Offensive” final game between FaZe Clan and Fnatic on March 4, 2018 in Katowice, Poland. Norbert Barczyk | PressFocus | MB Media | Getty Images LONDON – Esports team Fnatic has started hiring sports scientists as part of an effort […]
Employment growth slows sharply in November amid coronavirus surge
Nonfarm payrolls increased by just 245,000 in November, well below Wall Street estimates as rising coronavirus cases coincided with a considerable slowdown in hiring. Economists surveyed by Dow Jones had been looking for 440,000 and the jobless rate to decrease to 6.7% from 6.9% in October. The unemployment rate met […]
Stocks making the biggest moves in premarket: Ulta, Ollie’s Bargain Outlet, Marvell & more
Check out the companies making headlines before the bell Friday: Ollie’s Bargain Outlet (OLLI) — Shares of the retailer slid more than 11% following commentary around a slowdown in the company’s fourth-quarter trends. “Quarter-to-date, our comparable-store sales increases are tracking in the low single-digits,” CEO John Swygert said in a […]
Dow futures rise more than 100 points ahead of November jobs report
Stock futures rose early Friday as investors awaited a key November jobs report to gauge the pace of labor market recovery in the face of a worsening pandemic. Futures on the Dow Jones Industrial Average were up by 108 points, or 0.4%. S&P 500 and Nasdaq 100 futures advanced 0.3% […]