Wall Street’s main indexes fell on Thursday as investors continued to shift out of tech shares, while a rise in U.S. weekly jobless claims…
Tag: U.S. unemployment
U.S. job growth stronger than expected in October, unemployment rate slides to 6.9%
U.S. job growth posted a stronger than expected gain in October. U.S. nonfarm payrolls increased by 638,000 for the month and…
U.S. private employers add 749,000 jobs in September, topping expectations
U.S. private employers hired at a faster-than-expected pace in September, created 749,000 new jobs last month, according to the ADP…
U.S. job creation exceeds expectations, unemployment rate falls to 8.4%
In a welcome sign, the U.S. has returned to single digit unemployment rate numbers, falling to 8.4%, down from 10.2% in June…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. economy tops expectations with 1.8M jobs added; unemployment rate falls to 10.2%
The U.S. economy topped expectations with 1.8 million jobs added in July. The unemployment rate fell to 10.2%, down from 11.1% in June…
Stock futures turn positive after much better-than-expected U.S. unemployment data
Stock futures turned positive after much better-than-expected U.S. unemployment data was released. New filings for U.S. unemployment benefits…
Dow Jones rallies 200 points amid stimulus talks; Apple continues rise
The Dow Jones Industrial Average rallied more than 200 points in early Monday trading amid ongoing COVID-19 stimulus talks. Apple shares earlier jumped…
Stock futures sink as COVID-19 shutdowns cause historic U.S. contraction
Wall Street’s main indexes were set to open lower on Thursday after data showed the economy suffered its steepest contraction since the Great Depression…
Nasdaq hits record high as tech stocks rise, jobless claims come in better than expected
Stocks moved higher Thursday morning, with tech shares continuing their relentless march higher and sending the Nasdaq Composite to a fresh record high…
Silicon Valley economy remains strong 100 days into COVID-19 disruption
While virtually every aspect of the U.S. economy has been hit hard during the COVID-19 pandemic, the tech industry and its Silicon Valley hub…
Nasdaq hits record high as U.S. economy shows signs of swift rebound
On growing hopes of a swift economic rebound, the Nasdaq on Friday became the first of the three major U.S. stock indexes to bounce back to a record high …
U.S. surprisingly adds 2.5 million jobs, unemployment rate falls to 13.3%
The May jobs report showed a surprising rise in the number of U.S. non-farm payrolls in the economy and a drop in the U.S. unemployment rate from April…
Tech stocks boost Nasdaq as recovery optimism prevails
Tech shares drove the Nasdaq index higher on Thursday, with U.S. weekly jobless claims dipping below 2 million, bolstering economic recovery optimism …
U.S. stocks surge as jobs and services data show signs economy likely near bottom
As labor and services data showed a slowdown in the pace of the economic damage wrought by the COVID-19 shutdowns, U.S. stocks surged, adding to…
U.S. unemployment claims drop sharply as country reopens
First-time claims for U.S. unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus shutdowns began. Economists surveyed…
President Trump: We won’t close America when second COVID-19 wave hits
President Donald Trump said “we are not closing our country” if the U.S. is hit by a second wave of COVID-19 infections. “People say that’s a very…
Why is the stock market rising even though 26M people are out of work?
Many investors believe the stock market has gone bonkers, saying it has become totally divorced from the reality on Main Street.…
U.S. payrolls plunge 701,000 in March, unemployment rate rises to 4.4%
U.S. non-farm payrolls in March fell by 701,000 and the unemployment rate rose to 4.4%. Some two-thirds of the drop came in the hospitality industry…
As U.S. economy expands, coronavirus has little impact so far
As the U.S. economy expanded at a modest to moderate pace over the past several weeks, the coronavirus has had little impact so far on U.S. economic data…
Dow jumps 300 points on strong U.S. jobs report; Apple hits new all-time high
U.S. stocks soared Friday after a much better-than-expected employment report for November from the Labor Department which saw the economy create 266,000 new jobs…
November U.S. job growth increased by the most in 10 months, confirming economic expansion continues
Employers added 266,000 jobs in November and unemployment matched a 50-year low of 3.5%…
Dow rallies more than 350 points as U.S. unemployment hits 50-year low
The U.S. economy added 136,000 jobs in September as the unemployment rate fell to 3.5 percent, its lowest since 1969, the Bureau of Labor Statistics said…
Apple’s announcement of new campus location said to be imminent
Amazon is still considering the Triangle for its huge HQ2 project, and downtown Raleigh…
How Apple transformed a North Carolina town
For the second time in a decade, Apple looks to be focused on North Carolina..
Apple’s decision could lead to another Research Triangle Park evolution
Apple’s new, $5 billion headquarters in California sprawls across 175 acres in suburban Cupertino…
Apple takes different tack than Amazon, secretly searches for new east coast campus
The world’s two most valuable technology companies — Apple Inc. and Amazon.com Inc….
LGBT groups seethe as Apple eyes North Carolina site for new corporate campus
LGBT activists are reacting with anger and dismay at the prospect that Apple might build its new corporate campus in North Carolina…
Apple close to deal to build major new campus in North Carolina’s Research Triangle pending tax breaks
Apple is close to announcing a deal that would bring as many as 10,000 jobs to North Carolina…
Apple quietly explores Northern Virginia for 20,000-employee campus
Apple has quietly explored the idea of opening a campus for 20,000 employees in Northern Virginia…
UBS: How Apple could get to zero net cash
Apple Inc. has an enormous pile of cash — about $163 billion, to be exact…
Apple has eight years to pay $38 billion U.S. tax bill – with no interest or penalties
The eye-popping $38 billion tax bill that Apple Inc. said it plans to pay…
What Apple will likely do with their repatriated $207 billion
When you go through where Apple could spend an estimated net of $207 billion…
How Tim Cook’s ‘Trump strategy’ made Apple a killer stock
In case you haven’t noticed, Apple’s stock is up a mind-blowing 50% over the past 12 months…
What Apple could buy with all its cash
Apple has typically not made large acquisitions…
President Trump personally calls Apple CEO Cook, thanks him for $350 billion investment pledge
President Donald Trump said Thursday he personally called Apple CEO Tim Cook to thank him…
Here’s what Wall Street thinks of Apple’s cash repatriation plan
Returning its overseas cash could net Apple Inc. $207 billion after taxes, according to an estimate…
Why a record $38 billion U.S. tax payment is a good deal for Apple
Apple has faced mounting criticism in recent years for avoiding taxes in the US and Europe…
‘We want to help America,’ Apple CEO Tim Cook says of moving foreign money back to the U.S.
In an ABC News exclusive interview with Apple CEO Tim Cook…
Apple to build new U.S. campus, pay record $38 billion repatriation tax
Apple’s $38 billion tax commitment is the largest such sum announced in response to the major overhaul of the U.S. tax code that President Donald Trump signed into law…
Apple gives employees $2,500 bonuses after President Trump signed the GOP’s Tax Cuts and Jobs Act
Apple Inc. told employees Wednesday that it’s issuing a bonus of $2,500 worth of restricted stock units…
Looks like Apple is bringing nearly all of its $250 billion foreign cash back home to America
Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion…
