ECB Slows Emergency Asset Purchases

The European Central Bank said Thursday it will slow the pace of its emergency asset purchases, which were launched last year to support the economy amid the Covid-19 crisis, as policymakers worry higher inflation may last long. The Governing Council left its key interest rate, the main refinancing rate, unchanged […]

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US applications to start a business fall in August

Some retailers see the upside to the COVID-19 pandemic Telsey Advisory Group CEO Dana Telsey describes end-of-pandemic buying trends: ‘we’re seeing pent up demand and that’s exciting’ Applications to start new U.S. businesses declined in August for just the third time this year and the first time since June as […]

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Initial jobless claims dip to pandemic-era low

Why did the August jobs report miss expectations? EmployBridge chief workforce analyst Joanie Bily and market analyst Kenny Polcari provide their insight into the August jobs report.  The number of Americans filing first-time jobless claims last week dipped to the lowest level since the COVID-19 outbreak. The Labor Department said […]

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UiPath Q2 Results Beat Street View, But Shares Down 7%

Shares of UiPath Inc. (PATH) slipped over 7% in extended trading session Tuesday despite the robotic process automation solutions provider’s second-quarter results beating Wall Street view. The company reported second-quarter net loss of $100.0 million or $0.19 per share, compared to last year’s profit of $5.0 million or break even […]

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U.S. Job Growth Slows Dramatically In August

U.S. job growth fell well short of economic estimates in the month of August, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 235,000 jobs in August after soaring by an upwardly revised 1.053 million jobs in […]

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Bullish Beyond Belief Despite Bubbles Everywhere

Despite the usual anxiety investors fear when markets keep topping record highs, retail investors are as optimistic as they’ve been since the pandemic started, according to our recent survey of our daily newsletter readers. We’ve been surveying them for the past year on their sentiment, their fears, their allocations and […]

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