The number of Americans filing new jobless claims grew slightly last week, indicating that the labor market remained tight despite mounting worries of a recession […]
Category: Latest
Oil declines after a significant surprise increase in US crude stocks
Oil prices fell in early trade on Thursday for the third consecutive session as data showed an unexpectedly significant gain in US oil storage last […]
Cramer believes that the money is in technology this year, and that any other sector should be avoided.
On Tuesday, CNBC’s Jim Cramer informed investors to look out for the losers since there are many of them. The best place for your funds, […]
The dollar weakens as a deal to raise the US debt ceiling increases risk appetite.
The U.S. dollar slipped on Tuesday against a majority of major currencies but did not stray away from a two-month peak after an agreement over […]
McCarthy claims that the debt ceiling agreement will be “transformational” for Americans.
On Sunday, House Speaker Kevin McCarthy told the tentative deal House Republicans have met with the White House to raise the nation’s debt ceiling will […]
Sources say a slimmed-down US debt-ceiling agreement is taking shape.
According to an individual familiar with the discussions, U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy are close to reaching an agreement on […]
Snowflake shares fell 12% on guidance fails and purchase of search startup Neeva
Snowflake shares fell more than 12% in extended trading on Wednesday after the firm offered a dismal outlook in its quarterly report and announced an […]
Despite concerns about the debt ceiling, US money market fund assets reached record highs.
U.S. money market fund assets reached an all-time high of $5.8 trillion this week as yield-seeking investors continued to shift to short-term debt securities, a […]
Jim Cramer claims that there is an “emerging bull market” for medical device companies.
CNBC’s Jim Cramer praised the developing medical equipment bull market on Monday, citing favorable earnings results from linked firms across the board. Cramer told, “It’s […]
The head of the WTO advocates for re-globalized supply chains to reduce bottleneck risks.
The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has recommended diversity in global supply chains as part of continuing attempts to restructure the organization. […]