Netflix shares sink as company sees growth slowing after coronavirus-driven subscriber surge
Shares in Netflix fell sharply on Friday after the streaming giant reported lower-than-expected second quarter revenue and meager expectation
Retail sales increased 7.5% in June, beating economists' expectations
Retail sales increased 7.5% in June, the U.S. Census Bureau reported on Thursday.
Jobless claims fall, even as states reimpose restrictions
Initial jobless claims continued to fall last week, even as a slew of states hard-hit with COVID-19 reintroduced restrictions.
Uber Thins Out the Competition by Buying Delivery Service Postmates
Ridesharing giant Uber is reportedly set to purchase the fourth-largest food delivery service, Postmates, for $2.65 billion in stock.
Private Payrolls Estimated To Rise by 2.37 Million in June, May Revised Up By 5.2 Million
U.S. private payrolls increased by 2.369 million in June, the ADP National Employment Report showed on Wednesday.
Weekly Jobless Claims Remain Stubbornly High at 1.48 Million
Nearly one and a half million Americans lost their jobs last week.
Oil demand to make record recovery in 2021 after historic fall
Global oil demand is on pace to fall by a record amount this year due to the pandemic, but will rebound to its largest increase ever in 2021.
New York Manufacturing Business Optimism Hits Highest Level in a Decade
The New York Fed’s Empire State Manufacturing Survey showed its general condition index rose a sharp 48 points to negative 0.2 in June.
Mnuchin: White House seriously considering second round of stimulus checks
Treasury Secretary Steven Mnuchin has signaled that the Trump administration is considering another round of stimulus checks as many American
Producer Prices Rose 0.4% in May, Led by Food and Energy
U.S. wholesale prices rose 0.4 percent in May, led by gains in the cost of food and energy.
Uber Eats waives fees for black-owned restaurants
Uber announced last week that it would help customers support black-owned businesses and restaurants through its app.
Fed predicts unemployment will fall to 9.3 percent by end of 2020
Federal Reserve officials expect the unemployment rate to remain above 9 percent until the end of 2020.
BP To Slash 10,000 Jobs As Coronavirus Creates Slump In Energy Markets
Oil and gas giant BP announced Monday that it will cut 10,000 jobs from its global workforce.
Unemployment Falls to 13.3% and Economy Adds 2.5 Million Jobs
The unemployment rate fell to 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business ac
Dow Rises More Than 500 Points, Nasdaq Nears Record High
The Dow Jones Industrial Average rose 527 points, or 2.05 percent. The S&P 500 moved up 1.36 percent, its fourth day of gains. The tech-heavy
Initial jobless claims drop to 1.9 million
Initial unemployment claims for the last week of May fell to 1.9 million, from peak of 6.9 million.
U.S. Businesses Estimated to Have Shed 2.7 Million Jobs in May, Far Fewer Than Expected
Businesses in the United States shrank their payrolls by 2.76 million, according to a report Wednesday from ADP and Moody’s Analytics.
Stocks continue winning streak amid protests
Stocks continued winning streak, despite widespread protest and continued unrest around the country.
Anarchy Breaks Out in New York City
The hours before the 11 p.m. curfew in New York City were characterized by chaos and crime.
U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending
The personal savings rate hit a historic 33% in April, the U.S. Bureau of Economic Analysis said Friday.