Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
The declaration comes days after a case of the virus was confirmed in the Congolese city Goma, which borders neighboring country Rwanda.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
The number of Americans filing applications for jobless benefits increased more than expected last week and the number of people on unemployment rolls increased to a 10-month high, suggesting some slowing in the labor market.
Initial claims for state unemployment benefits rose 8,000 to a seasonally adjusted 225,000 for the week ended Feb. 23, the Labor Department said on Thursday. Data for the prior week was revised to show 1,000 more applications received than previously reported.
The Labor Department said no states were estimated. Economists polled by Reuters had forecast claims rising to 220,000 in the latest week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 7,000 to 229,000 last week.
The claims report showed the number of people receiving benefits after an initial week of aid increased 79,000 to 1.81 million for the week ended Feb. 16, the highest level since April 2018. The four-week moving average of these so-called continuing claims rose 6,750 to 1.76 million.
The continuing claims data covered the week of the household survey from which February's unemployment rate will be calculated. The four-week average of claims rose 31,750 between the January and February survey periods. The jobless rate rose one-tenth of a percentage point to 4.0 percent in January.