First-time claims for unemployment insurance beat Wall Street estimates as the U.S. economy enters a critical new phase. A total of 660,00,000 filings were filed in the week ended September 301, the labor department reported on Thursday. Economists surveyed by the Dow Jones had earlier in the week expected 75,000,000 …
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Federal Reserve Chair Jerome H. Powell during a speech in Washington DC on March 3, 2020. Mark Makela / Getty Images In the first CNBC Fed survey since the Federal Reserve announced its new, more hostile monetary policy, respondents now predict no rate hike from the central bank until 2023. …
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People in New York City walk through the New York Stock Exchange (NYSE) on May 18, 2020. Spencer Plot | Getty Images U.S. The market saw its first back-to-back weekly decline in the month following the sell-off in tech shares after stock futures rebounded on Sunday night. The Dow Jones …
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Michael Corbett, CEO of Citigroup, said he was retiring in February after leading the bank for eight years, and that Jane Fraser, the firm’s retail banking chief, would take care of him, making him the first female CEO of a large US bank. Corbett’s move eliminates the management overall that …
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The U.S. economy added more jobs than expected in August as the federal government cut almost all major sectors for the 2020 census and increased retail employment. The Labor Department reported on Friday that payrolls in August rose 1.37 million from an estimate of 1.32 million by economists polled by …
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