Slightly more Americans applied for unemployment benefits last week, but layoffs remain historically low. U.S. jobless claims filings rose by 2,000 to 223,000 for the week ending March 15, the Labor Department said Thursday. Weekly applications for jobless benefits are considered a proxy for layoffs, and have remained mostly in a range between 200,000 and 250,000 for the past few years.
Wall Street had questions for Nvidia founder and CEO Jensen Huang after his GTC keynote.
(Bloomberg) -- Ontario Teachers’ Pension Plan gained 9.4% last year, driven by strong returns in stocks, venture growth and commodities. Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesThe performance boosted the fund’s net assets t
Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 6.6% year on year to $1.68 billion. On the other hand, the company’s full-year revenue guidance of $6.18 billion at the midpoint came in 1% below analysts’ estimates. Its non-GAAP profit of $1.96 per share was 7.6% above analysts’ consensus estimates.
Investigation centers on claims that Bithumb helped a former CEO finance an apartment
Major brokerages maintained their predictions for a slower pace of interest-rate cuts by the U.S. Federal Reserve after the central bank kept its benchmark interest rate unchanged on Wednesday. The Fed left its benchmark overnight interest rate in the 4.25-4.50% range, with Chair Jerome Powell describing the current uncertainty as "unusually elevated," citing challenges in making new economic projections due to recent Trump administration policy changes. The Fed also forecast slower economic growth and higher inflation.
As Elon Musk continues to take an outsized and controversial role in the US government, reports of harassment of Tesla owners and vandalism of showrooms and vehicles are on rise. That may, in part, be contributing to plunging resale values and interest in used Teslas in the United States.
The Covent Garden estate is now worth £2.7 billion ($3.5 billion), with stores of most notable brands located in the retail hub.
Accenture stock sank 8% Thursday after the professional services firm reported lower profit than analysts expected for its fiscal 2025 second quarter and its chief executive said government spending cuts are hurting sales.
Founder Alex Dolesky says he needs to move faster to meet exceptional demand.
