The U.S. added 49,000 jobs in January and downward revisions to the prior two months subtracted an additional 159,000 from payrolls. Economists polled by The Wall Street Journal had expected a 55,000 gain. See: U.S. just gains 49,000 in January with labor market still under acute stress Below are some …
Read More » The startup behind a TikTok-style video app rocketed in its Hong Kong market debut, making the latest demonstration of investor hunger for initial public offerings and for high-growth technology companies. Shares in Kuaishou Technology nearly tripled from their IPO price in early trading Friday, implying a market value of more …
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About nine months ago, oil futures did a crazy thing and briefly crashed into negative territory, marking a low point of a historic bear market for the commodity. But this week, oil reclaimed its 12-month highs, with U.S. benchmark futures CL.1, +0.53% settling at $ 56 a barrel Thursday and …
Read More » The U.S. factory sector is showing solid momentum going into 2021, with orders rising for eighth straight months. Orders for manufactured goods rose 1.1% in December after a 1.3% gain in the prior month, the Commerce Department said Thursday. Economists surveyed by the Wall Street Journal were expecting a 0.7% …
Read More » As social media has stoked interest in an assortment of stocks that recently were being shorted by hedge funds, Robinhood and similar, low-cost trading and investing platforms have served as an important tool. On Reddit, in particular, a community of day traders has organized to send the price of multiple …
Read More » Could Democrats be fighting the last war and wasting money on another $ 1.9 trillion economic relief package? Perhaps, if St. Louis Federal Reserve president James Bullard is right. The Fed official thinks the economy is already set for a strong recovery in 2021. It’s possible U.S. economic growth could …
Read More » The numbers: The huge service side of the U.S. economy grew faster in January and companies added more workers, signaling better times ahead as the record surge in coronavirus cases receded. A survey of top business leaders at non-manufacturing companies such as restaurants, hospitals and banks rose to 58.7% from …
Read More » Dear Moneyist, I’m 62 years of age, I have stopped working and I am currently receiving Social Security. My husband is intending to file a joint tax return, and told me straight out that he does not intend to give me any of our joint tax return, because he said …
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The career of Jeff Bezos as CEO of Amazon.com has been nothing short of amazing. And a very simple way to measure that is to look at one chart: FactSet This chart shows the total return for shares of Amazon.com Inc. AMZN, +1.11%, since Bezos led its initial public offering …
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