Sen. Carl Levin, (D-MI), questions Tim Cook, Apple CEO, and Phillip Bullock, Apple's head of tax operations about whether income from Apple Sales International and AOI is paid in the United States or Ireland.» Read More
CNBC's Steve Liesman talks with Treasury Secretary Jack Lew about the markets hitting record highs despite high unemployment, and the disconnect between short and long-term job creation.
The summer job market looks relatively sunny, including for young entrepreneurs. But teen job seekers will be competing with older workers for seasonal slots.
John Lonski, Moody's Capital Markets Research Group; and Joseph Tanious, J.P. Morgan Funds, express their views on the Fed's policy to support Treasury bonds and its impact on the economy.
CNBC's Rick Santelli shares his reaction to Bernanke's comments that he would keep an eye out for yield, and wonders if the Fed can regulate the marketplace with "accuracy."
Fed Chairman Ben Bernanke answer question on how the Fed monitors "bubbles" in the economy and "systemic risk" in the markets. Also, Bernanke shares his views on "too big to fail" and breaking up big banks.
Fed Chairman Ben Bernanke discusses the "legacy" of the financial recession and job loss; and how the Dodd-Frank Act impacted banking regulations and the structure of banking.
*Employment up 12,500 in April after 54,500 loss in March. Jobless rate stays at 7.2 pct; had been 7.0 pct in Feb. OTTAWA, May 10- The Canadian economy in April recovered 12,500 of the 54,500 jobs estimated to have been lost in March, but the unemployment rate stayed at 7.2 percent, Statistics Canada reported on Friday.
*Treasury sells $16 bln in 30- years at high yield of 2.980 pct. NEW YORK, May 9- U.S. Investors are "expecting maybe it's time for equities to correct," said Dimitri Delis, interest-rate strategist at BMO Capital Markets in Chicago, citing the oft-heard expression "sell in May, go away."
*Treasury sells $16 bln in 30- years at high yield of 2.980 pct. NEW YORK, May 9- Prices for U.S. Investors are "expecting maybe it's time for equities to correct," said Dimitri Delis, interest-rate strategist at BMO Capital Markets in Chicago, citing the expression "sell in May, go away."
WASHINGTON, May 9- The number of Americans filing new claims for jobless aid fell last week to its lowest level in nearly 5-1/ 2 years, signaling labor market resilience in the face of fiscal austerity. The claims data provide another set of confirmation that the labor market is healing, "said Michael Strauss, chief economist at Commonfund in Wilton, Connecticut.
NEW YORK, May 9- The dollar rallied across the board on Thursday, bolstered by an upbeat U.S. jobless claims report that suggested a stabilizing labor market in the world's largest economy.
Initial claims for state unemployment benefits fell 4,000 to a seasonally adjusted 323,000, the lowest level since January 2008, the Labor Department said on Thursday.
LONDON, May 9- Gold fell on Thursday, extending early slight losses, after data showed the number of U.S. weekly jobless claims dropped to the lowest level in more than five years.
NEW YORK, May 9- U.S. stock index futures pared some losses on Thursday after data showed jobless claims fell in the latest week. S&P 500 futures dipped 2 points and were slightly below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
WASHINGTON, May 9- The number of Americans filing new claims for unemployment benefits dropped to its lowest level in nearly 5-1/ 2 years last week, signaling labor market resilience in the face of fiscal austerity.
*Dow, S&P come off records after five days of gains. *Groupon revenue growth faster than expected. NEW YORK, May 9- U.S. stock index futures were flat on Thursday, as investors paused to await data on the labor market after the S&P 500 closed at new highs for the past five consecutive sessions.
WASHINGTON-- Fewer Americans have applied for unemployment benefits in recent weeks, signaling a decline in layoffs that could point to stronger job growth. Two weeks ago, the number of applications fell to a seasonally adjusted 324,000. That's the fewest since January 2008. The Labor Department will release the report at 8:30 a.m. EDT Thursday.
TOKYO, May 9- The Australian and New Zealand currencies bounced on Thursday after both countries posted stellar jobs data, while the euro held near a one-week high against the dollar after upbeat German factory activity continued to bolster sentiment.
Narinder Singh, Co-Founder and Chief Strategy Officer at Appirio, says U.S. immigration policy must be addressed in the context of job creation.
SYDNEY, May 9- The euro held near a one-week high against the dollar and two-month peaks on its Australian counterpart in early Asian trade on Thursday, having risen broadly after upbeat German factory activity data bolstered sentiment.