Forex Market News Today
  • Home
  • News
  • LiveHourly
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies
No Result
View All Result
Forex Market News Today
Home Economy

The Latest Business News: Live Updates

2 months ago
in Economy
5 min read
The Latest Business News: Live Updates
Share on FacebookShare on Twitter


Here’s what you need to know:

A closed banquet hall in San Francisco. Pandemic restrictions have cost many hospitality industry workers their jobs.
A closed banquet hall in San Francisco. Pandemic restrictions have cost many hospitality industry workers their jobs.Credit…Jim Wilson/The New York Times

A fresh snapshot of the labor market and the state of the economic recovery will arrive on Thursday when the Labor Department issues its weekly report on unemployment claims.

Amid a persistent drop in coronavirus cases, economists expect to see that new claims for state benefits ticked down again last week even as they remained extraordinarily high. While the economic crisis has probably peaked, they say, the lasting damage to the labor market is uncertain. That could become clearer in the coming months.

Unemployment claims “really have been at an elevated level for a long time,” said Diane Swonk, chief economist for the accounting firm Grant Thornton. “What’s going to be key going forward is do they plummet at some point in time or are there some longer-term issues?”

One marker that economists are watching is the number of people filing for extended benefits, an indication that they have exhausted their regular unemployment benefits, which last in many states for 26 weeks.

“What we’re concerned about is that more people who are falling out of regular claims are moving into extended claims,” said Gregory Daco, chief U.S. economist at Oxford Economics. “That is not a good sign.”

Congress continues to work on a $1.9 trillion relief package proposed by President Biden, but adding to the urgency is the expiration of supplemental unemployment benefits in mid-March. The Biden proposal would extend them through September.

There have been some positive signs for the job market in recent days. Retail sales surged 5.3 percent in January, a bigger gain than expected, most likely powered by the latest round of stimulus checks.

AnnElizabeth Konkel, an economist for the career site Indeed, said retail job postings on Indeed were 2.6 percent higher than in February 2020. Over all, job postings on the site are up 3.9 percent.

But the economy is still weak. The Labor Department’s employment report for January, which showed a gain of just 49,000 jobs, reaffirmed the pandemic’s devastation. Of the 22 million jobs that disappeared, roughly 10 million remain lost.

Representative Alexandria Ocasio-Cortez called Robinhood’s decision to limit trading of GameStop “unacceptable.”
Representative Alexandria Ocasio-Cortez called Robinhood’s decision to limit trading of GameStop “unacceptable.”Credit…Anna Moneymaker for The New York Times

Thursday’s hearing about the recent GameStop trading mania, to be held at noon by the House Committee on Financial Services, will probably feature populist anger from both parties, directed at both the popular trading app Robinhood and the short sellers who targeted the video game retailer.

Representative Alexandria Ocasio-Cortez, a New York Democrat and a member of the financial services panel that is holding the hearing, called Robinhood’s decision amid the frenzy to halt some trades of GameStop “unacceptable.”…



Go to the news source: The Latest Business News: Live Updates

Tags: BusinessLatestLiveNewsupdates
Previous Post

Homeland Security seizes more than 11 million counterfeit N95 in nationwide scam

Next Post

Foreign forex trading platforms are illegal in India

Related Posts

Live Foreign Currency Exchange Rates
Economy

UK manufacturing optimism highest since 1973 as rebound hopes grow – business li…

by Forex News
April 22, 2021
0

9.15am EDT 09:15 Asked whether the ECB could slow its bond-purchase programe later this year, ECB president Lagarde points...

Read more
Climate Change Could Cut World Economy by $23 Trillion in 2050, Insurance Giant …
Economy

Climate Change Could Cut World Economy by $23 Trillion in 2050, Insurance Giant …

by Forex News
April 22, 2021
0

WASHINGTON — Rising temperatures are likely to reduce global wealth significantly by 2050, as crop yields fall, disease spreads...

Read more
5 little-known metrics that help small businesses track the economy weekly – The…
Economy

5 little-known metrics that help small businesses track the economy weekly – The…

by Forex News
April 22, 2021
0

5 little-known metrics that help small businesses track the economy weekly The Philadelphia Inquirer Go to the news...

Read more
Workers of all ages, even retirees hit with fraudulent unemployment claims – WEA…
Economy

Workers of all ages, even retirees hit with fraudulent unemployment claims – WEA…

by Forex News
April 22, 2021
0

Workers of all ages, even retirees hit with fraudulent unemployment claims WEAR Go to the news source: Workers...

Read more
Tata ‘sues Liberty Steel over unpaid debts’ – BBC News
Economy

Tata ‘sues Liberty Steel over unpaid debts’ – BBC News

by Forex News
April 22, 2021
0

Tata 'sues Liberty Steel over unpaid debts' BBC NewsView Full Coverage on Google News Go to the news...

Read more
U.S. economy on a solid footing, coronavirus still top threat: Reuters poll
Economy

U.S. economy on a solid footing, coronavirus still top threat: Reuters poll

by Forex News
April 22, 2021
0

The U.S. economy will grow at its fastest annual pace in decades this year and outperform most of its...

Read more
Tech is an ‘extremely dynamic’ and resilient investment: Oppenheimer
Economy

Tech is an ‘extremely dynamic’ and resilient investment: Oppenheimer

by Forex News
April 22, 2021
0

Market bull John Stoltzfus sees investment opportunities across the board as earnings season kicks into high gear.Stoltzfus, chief investment...

Read more
Live Foreign Currency Exchange Rates
Economy

Ireland will resist global corporate tax rate, says finance minister | Global ec…

by Forex News
April 21, 2021
0

Ireland’s finance minister has signalled the country will resist attempts to rebalance the global tax system if they affect...

Read more
Live Foreign Currency Exchange Rates
Economy

Powell pledges Fed won’t allow ‘substantial’ overshoot of inflation

by Forex News
April 21, 2021
0

AGF Investments chief strategist Greg Valliere and Bulltick Capital Markets chief strategist Kathryn Rooney Vera discuss poverty levels in...

Read more
Yellen Says Corporations Must Shoulder Cost of Going Green: Live Updates
Economy

Yellen Says Corporations Must Shoulder Cost of Going Green: Live Updates

by Forex News
April 21, 2021
0

Here’s what you need to know:Janet Yellen, the Treasury secretary, said climate-aligned investments continue to face obstacles from inconsistent...

Read more
Next Post
Foreign forex trading platforms are illegal in India

Foreign forex trading platforms are illegal in India

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Latest Forex News

Pricey stocks may yet head higher as uneven economic recovery maintains grip on …

Pricey stocks may yet head higher as uneven economic recovery maintains grip on …

4 months ago
When the Bill Comes Due in Europe, ‘How Are We Going to Pay for All This?’

When the Bill Comes Due in Europe, ‘How Are We Going to Pay for All This?’

2 months ago
Dollar, GBP/USD, AUD/USD, Gold & Bitcoin

Bitcoin, Gold, Dollar, EUR/USD, AUD/USD and USD/CAD Technical Levels

2 months ago
Hong Kong coronavirus: Stories of children separated from parents highlight the …

Hong Kong coronavirus: Stories of children separated from parents highlight the …

1 month ago

Today Market News

Biden’s climate summit: Live updates
Politics

Biden’s climate summit: Live updates

April 22, 2021
Stocks drift sideways, steadying amid earnings, economic data
Stock

Stocks drift sideways, steadying amid earnings, economic data

April 22, 2021
People of color are three times as likely to live in most polluted places, new r…
Energy

People of color are three times as likely to live in most polluted places, new r…

April 22, 2021
Tata Steel sues Liberty Steel over £100m deal
companies

Tata Steel sues Liberty Steel over £100m deal

April 22, 2021
Dow Jones Today, Nasdaq Futures Flat; Jobs Data Improve; AT&T Climbs On Earnings…
Business

Dow Jones Today, Nasdaq Futures Flat; Jobs Data Improve; AT&T Climbs On Earnings…

April 22, 2021
Jobless Claims Add Market Tailwind As Airline Earnings Prepare To Take Off
Markets

Jobless Claims Add Market Tailwind As Airline Earnings Prepare To Take Off

April 22, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 Siteofforex.com

No Result
View All Result
  • Home
  • News
  • Live
  • Markets
  • Stock
  • Business
  • Economy
  • World
  • Politics
  • Energy
  • exchange
  • companies

© 2020 Siteofforex.com

wpDiscuz