US initial jobless claims dipped to 553,000 last week, marking a third straight decline. The median estimate from economists was for a drop to 540,000 claims. Continuing claims climbed to 3.66 million for the week that ended on April 17. See more stories on Insider’s business page. The number of […]
Vaccinations, round of stimulus and a steady recovery in the jobs market helped reverse some of the impact of the pandemic First published on Thu 29 Apr 2021 08.38 EDT The US economy took off in the first quarter soaring 6.4% as rising vaccinations, a massive round of government stimulus […]
Zion Williamson took the diplomatic route Wednesday after a key no-call in the closing seconds allowed the Denver Nuggets to escape with a 114-112 win over the New Orleans Pelicans. Williamson had an opportunity to tie the game in the final moment, but Nikola Jokic blocked Williamson's dunk attempt with […]
"I think the approach is wrong," Dubai Airports CEO Paul Griffiths told Dubai Eye Radio on Thursday. Britain's Transport Secretary Grant Shapps indicated the UAE could stay on the red list due to its status as an international transit hub, despite falling cases and the world's second-fastest vaccination rate. In […]
Euronext completed its acquisition of Borsa Italiana from the London Stock Exchange Group in a deal worth 4.4 billion euros ($5.34 billion) on Thursday. The move was first announced in October and received the greenlight from European regulators in March. The CEO of Euronext said the new group was positioned […]
Moderna said Thursday it now has data that could support a three-month refrigerated shelf life for the vaccine. The mRNA vaccine is currently approved to be stored in the refrigerator between 36 and 46 degrees Fahrenheit for up to 30 days and up to seven months in the freezer at […]
"Most stocks simply aren't getting much pin action now for what they do, in part because, well, the market's had a miraculous run," CNBC's Jim Cramer said. "That makes everything seem like a yawner, and it's starting to bother me," he said on "Mad Money." "Unless your company's a huge […]
Bank of America is asking staff to voluntarily disclose their vaccine status, a spokesperson said. Some 7,000 employees within the wealth management unit have already disclosed, a source said. CEO Brian Moynihan has said he expects “a more normal operating posture” after Labor Day. See more stories on Insider’s business […]
President Joe Biden unveiled the sprawling second part of his infrastructure package today. It pledges an effort to reform unemployment benefits, which Democrats have championed. However, the details are still vague and it doesn’t allocate funds; Democrats have been pressing for more. See more stories on Insider’s business page. On […]
Shares of Facebook Inc. (FB) are gaining over 5% in extended trading session on Wednesday after the social networking giant’s first-quarter profit nearly doubled driven by strong ad revenue growth. Both earnings and revenues for the quarter trounced Wall Street analysts’ estimates. Menlo Park, California-based Facebook’s first-quarter profit surged 94% […]
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