US nonfarm payroll employment jumped by 559,000 in May, according to the Bureau of Labor Statistics press release. Unemployment rate slipped by 0.3% to hit 5.8%. Total number of unemployed…
Concerns about the Fed withdrawing economic support sent US stocks lower on Thursday. The fears were fueled by several economic data, including payrolls which showed that job gains in the…
Crypto solutions Blockchain.com has moved its headquarters in the US from New York City to Miami, according to the company’s press release. The move reflects the firm’s expansion plans. Blockchain.com…
United Airlines has agreed with aerospace company Boom Supersonic to acquire a new high-speed aircraft fleet, according to the press release. The new aircraft will operate at 100% fuel efficiency…
Elon Musk’s tweet on bitcoin with a broken heart emoji sent the world’s largest cryptocurrency down by about 6.3%, Bloomberg reports. The plunge erased the week’s stabilization, with the token…
Goldman Sachs does not expect China to win the war on curtailing rising commodity prices, according to Bloomberg. Strategist Jeffrey Currie says Beijing has lost the fight to control prices…
William Ackman’s Pershing Square is closing a deal with Universal Music Group, according to the Wall Street Journal. The deal values Universal Music as much as $40 billion. The deal…
President Joe Biden would amend his infrastructure package to get Republican’s support, according to The Washington Post. The new plan proposes raising $1 trillion through tax amends that will not…
U.S Service PMI rose by 1.3 percentage points to hit a new all-time high of 64% in May, according to the Institute for Supply Management press release. The PMI represented…
Employment within the U.S private sector rose by 978,000 in May from April level, according to a report by the ADP National Employment. The jobs addition reflected the strongest gain…
U.S jobless claims extended declines to reach 385,000 for the week that ended May 29, according to the Department of Labor press release. The claims were a 20,000 drop from…
Alibaba-backed Ant Group has been approved by the Chinese market regulator to operate a consumer finance company, according to CNBC. Ant will control 50% in the new entity and contribute…