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Three Weeks of Claim Gains: Is the Labor Recovery Slowing?
The United States Labor Department will release its report on the state of hiring and unemployment for May next Friday, leaving economists wondering where the roller coaster rise and fall of...
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Gold Recaptures $1,400 After Weak Economic Reports
On Thursday, gold (NYSEARCA:GLD) futures for August delivery, the most active contract, jumped $20.20 to close at $1,412 per ounce, while silver (NYSEARCA:SLV) futures for July increased 24 cents to...
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Here’s Why the Market’s Future Looks Stormy
After shaking off poor spending and income reports, the major U.S. stock market indexes traded mostly higher for the last day of May. However, a bout of heavy selling hit the tape just before 3:30 p.m....
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ADP: Federal Budget Cuts Are Finally Hurting Job Growth
Even though the job market has remained surprisingly resilient after the $85 billion in across-the-board federal spending cuts that took effect March 1, businesses added a disappointing 135,000 jobs in...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Markets declined in Asia on Thursday. Japan’s Nikkei fell 0.85 percent after a volatile trading session, ending below 13,000 for the first time in two months. In Hong Kong, the Hang Seng declined 1.05...
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Layoffs May be Slowing, But When Will Hiring Accelerate?
The picture of the health of the job market that is slowly emerging from recently released economic data is one that has made marginal improvements since April. While employment gains were...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
It’s been a red day in markets around the world so far this Thursday. Japan’s Nikkei index lost 6.35 percent and the dollar fell as low as 93.75 yen in early trading as investors exited their long...
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After Last Week’s Spike, Jobless Claims Steadily March Downward
Following last week’s Employment Situation Report, the labor market was given another sign that job gains will continue; the United States Department of Labor said that the number of Americans...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Global stocks declined on Thursday in the wake of a U.S. Federal Reserve Press Conference, in which Chairman Ben Bernanke signaled possible QE tapering by the end of the year. Following a large...
View ArticleThursday’s Mid-Day Movers: 3 Stories Driving Markets
The major stocks were plunging Thursday following the Federal Reserve’s assertion that bond buying may be scaled back. As of 12 p.m.: DIJA: -1.28% to 14919.10 S&P 500: -1.40% to 1606.10 NASDAQ:...
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Jobless Claims Are Falling, But Will Hiring Pick Up Soon?
The Department of Labor will not release its official June employment report until Friday, but Wednesday has been awash with clues. Not only did ADP’s National Employment Report show that the private...
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These Jobless Claims Numbers Shocked Economists
“The labor market is continuing to strengthen, as evidenced by the gain of 195,000 new jobs created in June,” wrote the Conference Board’s director of Macroeconomic Analysis, Kathy Bostjancic,...
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Thursday’s Midday Movers: 3 Stories Driving Markets
The major markers were surging Thursday after Federal Reserve Chairman Ben Bernanke silenced worries about the stimulus program. As of noon: DIJA: +0.91% to 15431.26 S&P 500: +1.04% to 1669.81...
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Take Note, Fed: Jobless Claims Are Down
The number of Americans filing initial claims for unemployment benefits fell to the lowest level in four months — one possible indicator that employers are more confident in the strength of the...
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Thursday’s Midday Movers: 3 Stories Driving Markets
Major stocks were rising Thursday, marking new highs for the S&P 500 and Dow Jones Industrial Average. As of noon: DIJA: +0.64% to 15569.95 S&P 500: +0.55% to 1690.23 NASDAQ: +0.19% to 3616.86...
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Mixed Economic Indicators So Far This Year; QE Future Uncertain
As the economic picture in the United States remains mixed, the future of Ben Bernanke’s quantitative easing is unclear. Save Time Make Money! A new stock idea each week for less than the cost of a...
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U.S. Labor Market: Still Resilient with These Jobless Numbers
America’s job market has been seen as resilient so far this year, adding jobs despite January’s tax increases and March’s federal spending cuts, two events that appeared to weigh down economic growth...
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Manufacturing Sector to Economy: It’s Getting Better
Total new orders for manufactured goods increased 4.2 percent on the month in June to $244.5 billion, according to an advance report from the U.S. Census Bureau. This follows and upwardly revised...
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Thursday’s Midday Movers: 3 Stories Driving Markets
The major U.S. stocks were falling Thursday, following Wednesday’s pattern. As of noon: DIJA: -0.47% to 15468.83 S&P 500: -0.27% to 1681.34 NASDAQ: +0.11% to 3583.63 Gold: +0.96% to 72.42 Oil:...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Markets advanced in Asia on Thursday, in part due to a better-than-expected manufacturing report out of China. Japan’s Nikkei climbed 2.47 percent to 13,005.8, while the yen wobbled higher to 98.645...
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