The sharp gain in U.S. employment in May shows the economy is already starting to rebound and means the Federal Reserve won’t keep its policy interest rates at zero for years, said Brian Bethune, an economist at Tufts University. “I think the Fed will keep the fed funds rate at the zero lower bound for […]
A viral video showed a Maryland man angrily rip George Floyd protest flyers from a young girl’s hand. Victor Stoddard/Twitter Maryland cyclist Anthony Brennan III spoke out after a video of him attacking young protesters at Capital Crescent Trail went viral. Brennan was arrested and charged with three counts of second-degree assault on Friday. Brennan […]
Droukdel died in a joint operation by France and partner forces, the French government says France says it has killed the leader of al-Qaeda in north Africa, Abdelmalek Droukdel, in an operation in Mali. Defence Minister Florence Parly said Droukdel along with members of his inner circle had been killed in the north of the […]
At the risk of sounding like Thomas Friedman, who is famous for getting insights from taxi drivers, when I get in an Uber UBER, +2.14% or a Lyft LYFT, +7.02% I often find myself talking to the driver. About the job, the company, the passengers, and so on. One of the topics that always comes […]
This year’s been a real grind for Luckin Coffee LK, +36.04% investors. At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance. So […]
Stocks ended the week sharply higher on Friday after the U.S. May jobs report showed a surprise 2.5 million jump in payrolls and a drop in the unemployment rate to 13.3% as businesses began to reopen after the COVID-19 pandemic lockdowns. How did the benchmarks perform? The Dow Jones Industrial Average US:DJIA jumped 829.16 points, […]
Apple Inc. shares closed at a record high Friday in a sign of optimism for the smartphone industry’s ability to withstand the COVID-19 crisis. Apple AAPL, +2.84% shares added 2.9% in the session to close the day at $331.50. This marked the first record closing high since Feb. 12, when shares finished at $327.20, and […]
Student debt remains a mess, even if the stock market is soaring again. The U.S. stock-market surged Friday after a surprising gain in the monthly jobs report showed the economy looks ready to bounce back quicker than expected from the pandemic. But all that doesn’t meant the woes of the $1.5 trillion student loan market […]
WASHINGTON — In a White House Rose Garden press conference meant to highlight the gain of 2.5 million jobs in May after two months of devastating job losses, President Trump lamented that “many of our states are closed or almost closed” because of the coronavirus pandemic, which has killed nearly 110,000 Americans. He urged those […]
Two men charged with conspiring to incite violence and civil unrest at protests over the killing of George Floyd previously sought to do the same thing at protests against coronavirus lockdowns, in both instances seeking to promote their extremist agenda, federal prosecutors say. Federal agents arrested the men, Stephen Parshall and Andrew Lynam, along with a […]