Text size Illustration by Mike Haddad. Investors analyzed concerns about the virus midday Thursday, taking advantage of some early gains even amid mixed data. The Dow Jones Industrial Average and S&P 500 rose 0.2% in recent trade, while the Nasdaq Composite rose 0.4%. The latest unemployment figures show that while …
Read More »Unemployment claims remain stubbornly high as Covid-19 Spike scares employers
Hundreds of unemployed Kentucky residents wait outside the Kentucky Career Center for help with their unemployment claims late last week in Frankfort. John Sommers II / Getty Images Text size A downward trend in first-time unemployment insurance claims stagnated in the past week, showing how long it will take for …
Read More »Dow Jones industrial average jumps as regulators make it easier for banks. Then they made it more difficult.
Text size What were we worried about again? The stock market is certainly not falling, because it doesn’t seem to do so terribly often these days. After falling 710 points on Wednesday, the Dow Jones Industrial Average rose 299.66 points, or 1.2%. while the S&P 500 gained 1.1% and the …
Read More »Bank stocks back down in off-hours trading after the Federal Reserve limits dividends and buybacks in the third quarter
Shares of the largest US banks were withdrawn on Thursday after the Federal Reserve after its annual banking system stress test voted to require financial institutions to preserve capital by suspending share buybacks and the dividend payment in the third quarter amid the worst economic and public health crisis in …
Read More »MGM Resorts will require that all guests at US locations. USA Wear face masks starting Friday
MGM Resorts International MGM, -8.28% He said he will require all guests to wear face masks inside public spaces at all of their US outlets starting Friday, as he moves to update security measures during the coronavirus pandemic. Previously, the casino operator only required employees to wear masks. The United …
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