Digital currency ethereum climbed Friday to a record high, while bitcoin attempted to recover from a recent slump. Ethereum briefly rose 9.6 percent to an all-time high of $1,075.39 Friday, according to CoinMarketCap. The digital currency had pared gains midmorning Friday and was trading about 3 percent higher near $1,014. […]
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Black unemployment rate falls to record low
Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data. The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate […]
Cisco shares hit highest level in almost 17 years after Bank of America upgrade
Cisco Systems rose more than 1 percent to its highest level in nearly 17 years on Friday, after an analyst at Bank of America Merrill Lynch upgraded the stock. Analyst Tal Liani upgraded shares of Cisco to buy from neutral and raised his price target to $46 from $37. The […]
LinkedIn report finds a 24.2% rise in December hiring
U.S. employers hired more people in December than a year ago, and cities in the Sun Belt are showing solid hiring growth, according to the LinkedIn Workforce Report. Hiring across the U.S. was 24.2 percent higher last month than a year earlier, the data showed. The seasonally adjusted hiring figure […]
LinkedIn report finds a 24.2% rise in December hiring as growth in Sun Belt cities booms
U.S. employers hired more people in December than a year ago, and cities in the Sun Belt are showing solid hiring growth, according to the LinkedIn Workforce Report. Hiring across the U.S. was 24.2 percent higher last month than a year earlier, the data showed. The seasonally adjusted hiring figure […]
Another tiny digital coin leaps into the top 10 cryptocurrencies
A digital coin worth about a dime a day ago has doubled in price, briefly climbing into eighth-place among cryptocurrencies by market capitalization. Tron climbed 112 percent Thursday to 20.5 cents, according to CoinMarketCap. The website showed that Tron’s latest gains gave the coin a market cap of $13.5 billion, […]
GE is surging, but buyer beware it’s still ‘the value trap of the century,’ says market watcher
GE has gone from worst to first. The beaten Dow stock fell 41 percent in 2017 but has surged 6 percent in the first few days of the New Year. Despite the bounce, some market watchers are telling investors to not trust the bounce, and to look at the stock […]
Why cheering on the stock market is risky for Trump
As the Dow Jones industrial average crosses 25,000, the popular stock market gauge gives President Donald Trump yet another opportunity to crow about growth since his election in November 2016. However, he may end up regretting his decision to latch onto such a fickle indicator. Markets go up and markets […]
Trump aims to open Arctic, Pacific and Atlantic to offshore drilling in biggest lease sale ever
The Trump Interior Department on Thursday announced plans to offer blocks in the Arctic, Atlantic and Pacific oceans for oil and gas exploration in an ambitious new five-year offshore lease plan. Interior Secretary Ryan Zinke said the proposal for offshore leasing between 2019 and 2024 would offer about 90 percent […]
Trump aims to open nearly all federal waters to offshore drilling in biggest lease sale ever
The Trump Interior Department announced Thursday plans to offer blocks in the Arctic, Atlantic and Pacific oceans for oil and gas exploration in an ambitious new five-year offshore lease plan. Interior Secretary Ryan Zinke said the draft proposal for offshore leasing between 2019 and 2024 would offer about 90 percent […]