US stocks slide as biggest jobless-claims surge since March outweighs stimulus expectations
Matthew FoxJan 15, 2021, 03:18 IST
Lucas Jackson/Reuters
stocks ended Thursday lower as investors digested a surge in weekly jobless claims.
The reading of 965,000 new unemployment filings represented the biggest increase since March and the highest level since August.
The weak jobs report could give fuel to Democrats passing a massive stimulus bill once President-elect biden is inaugurated.
US stocks ended Thursday lower as investors digested a surge in weekly jobless claims.
Jobless claims surged to 965,000 for the week that ended on Saturday, representing the biggest surge since March and the highest level since August. Economists had expected 800,000 jobless claims for the week.Consumer confidence also took a hit, according to the Bloomberg Consumer Comfort Index, which fell 1.2 points to 43.2 in the week ended January 10.
WOOF! Petco Soars In First Day Trading
WASHINGTON (dpa-AFX) - Pet care retailer Petco Health and Wellness Company Inc. s shares surged around 63% in the first day trading on Thursday after the Initial Public Offering, reflecting strong demand for pets as majority of people are confined to their homes during the Covid-19 pandemic crisis.
On the Nasdaq, the shares, which are trading under the ticker symbol WOOF, opened at $26, reflecting 44% above its IPO price. The company s shares closed at $29.40 for the day, putting its market value at $6.4 billion.
On Wednesday, the animal supply chain store, which operates around 1,470 stores across the United States and Puerto Rico, sold 48 million shares for $18 each, raising about $864 million. This was higher than its initially expected price target of $14 to $17.
Twitter Shares Are Just Plain Overvalued Here s where Jack Dorsey s ship will start to sink. Stocks quotes in this article: TWTR
After Thursday s column, I feel it is the right time to delineate my case against Twitter (TWTR) . So much of what I read in the financial media (not on Twitter, as I deactivated my account last week) on stocks is subjective, numbers-free blather, and in fact quite useless. So I have made it clear that Twitter is awful AND awfully overvalued, but let s focus on the second part.
How about a little actual financial analysis to bolster an opinion on a stock? Trust me, it feels good, almost as good as deleting your Twitter account!
The United States has sanctioned companies in Iran, China, and the United Arab Emirates for trading in steel with the Islamic Republic of Iran Shipping L
The Securities and Exchange Board of India (SEBI) investigation found that where the first buy leg of the trades is executed just one day prior to recommendation day, it is prima facie observed that Hemant Ghai must have been aware of the buy recommendation that was going to be given the next day on the show, which gave him the confidence to execute/facilitate the buy position in the trading accounts of Jaya Hemant Ghai and Shyam Mohini Ghai again and again.