Jim Kramer of CNBC said Friday’s employment report from the Labor Department has satisfactory markets on Friday, at least for the interim. The U.S. economy added 9379,000 jobs last month and the unemployment rate fell, while stocks bounced off their day lows and dragged three days of difficult trading to …
Read More »Stock futures are flat after a sell-off on Wall Street amid rising bond yields.
Stock futures were flat in overnight trading on Thursday following a tech-led overnight on Wall Street amid a rise in bond yields. Futures on the Dow Jones Industrial Average rose just 30 points, while the S&P 500 futures were slightly changed. Nasdaq 100 futures fell 0.2%. All eyes will be …
Read More »Tax hikes, furlough extensions, hockey tone: UK budget forecasts
The Chancellor of the Exchequer, Shi Sunak, left 10 Downing Street after attending a Cabinet meeting on February 14, 2020. Barcraft Media As British Finance Minister Shi Sunak prepares to determine the country’s economic path to recovery, analysts are agreeing to the possibility of additional tax increases and future fiscal …
Read More »Square saw 1 million users buy bitcoin for the first time in January: CFO
CFO Amrita Ahuja told CNBC on Wednesday that Square’s cash app platform saw a surge in first-time bitcoin buyers last month. “In 2020 we had 30 million people transacting in Bitcoin through the Cash app and 1 million new ones in Bitcoin in January. [2021]”A day after his company made …
Read More »Barclays reports 38% slide in net profit in 2020, resumes dividend payments
On Thursday, Barclays posted a full-year profit of 3 1.53 billion (2. 2.11 billion) for 2020, down 38% from 2019 but exceeding analyst expectations. The British lender attributed its fourth quarter net profit to 220 million shareholders, despite the UK taking new nationwide lockout measures amid the resurgence of Covid-19. …
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