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Steep drop in jobless claims, soaring retail sales buoy hopes for a robust recovery Taylor Telford © Kamil Krzaczynski/AFP/Getty Images Tara Kline makes acrylic face shields for front line responders at Dimo's Pizza in Chicago. Jobless claims fell sharply last week, suggesting the economic recovery is trudging onward even as unemployment remains elevated. Blockbuster jobs and retail numbers, coupled with growing vaccinations, buoyed hopes Thursday for a robust recovery after more than a year of economic reversals. U.S. stocks soared, lifting the Dow and S&P 500 to record ...

(Bloomberg) -- U.S. stocks jumped to record highs with retail sales and weekly jobless claims data signaling an accelerating recovery in the world’s biggest economy. Yields on benchmark 10-year Treasury notes dropped the most since February. The S&P 500 advanced to an all-time high, led by the health care and technology sectors. Financial shares declined with yields falling, even after Citigroup Inc. and Bank of America Corp. posted better-than-forecast trading revenue. The Dow Jones Industrial Average and the Nasdaq 100 indexes also reached all-time peaks. “The consumer is ready to go out...

Stocks Close at Record Highs; Bond Yields Tumble: Markets Wrap This content was published on April 15, 2021 - 20:04 April 15, 2021 - 20:04 (Bloomberg) -- U.S. stocks jumped to record highs with retail sales and weekly jobless claims data signaling an accelerating recovery in the world’s biggest economy. Yields on benchmark 10-year Treasury notes dropped the most since February. The S&P 500 advanced to an all-time high, led by the real estate, health care and technology sectors. Financial shares declined with yields falling, even after Citigroup Inc. and Bank of America Corp. posted better-t...

13 Hightower Advisors Honored on Barron's 2021 Top 1200 List News provided by Share this article CHICAGO, March 12, 2021 /PRNewswire/ -- Thirteen Hightower advisors have been featured on Barron's 2021 Top Advisor Rankings by State, a list of the top 1,200 wealth advisors in the United States. The advisors who made the list this year are: Barbara Archer of Hightower Wealth Advisors | St. Louis in St. Louis, Mo. David Bahnsen of The Bahnsen Group in Newport Beach, Calif. Wes Clayton of Twickenham Advisors in Huntsville, Ala. Jeffrey Corliss of RDM Financial Group at Hightower in Westpo...

U.S. Blacklists Xiaomi in Widening Assault on China Tech Bloomberg 1/15/2021 Bloomberg News (Bloomberg) -- Xiaomi Corp. plunged a record 10% after the Trump administration blacklisted China’s No. 2 smartphone maker and 10 other companies, broadening efforts to undercut the expansion of the country’s technology sector. The U.S. has targeted scores of Chinese companies for the stated purpose of protecting national security, but going after Xiaomi was unexpected. The Beijing-based company has been viewed as China’s answer to Apple Inc., producing sleek smartphones that dr...