Market Overview - Page 215

The number of Americans filing new applications for unemployment benefits inched down last week, consistent with a recent stalling in the labor market recovery. Initial claims for state unemployment benefits totaled a seasonally adjusted 793,000 for the week ended Feb..

AstraZeneca has reported a 10% rise in product sales for 2020, a year in which the drugmaker has featured prominently for its work developing a coronavirus vaccine, alongside the University of Oxford. The Anglo-Swedish pharmaceutical giant reported product sales totaling.

Adyen, the European fintech giant processing payments for the likes of Facebook, Netflix and Uber, isn’t convinced bitcoin can be used as a mainstream form of payment. Pieter van der Does, the firm’s CEO and co-founder, told CNBC that volatility.

The European Commission has turned more negative on its prospects for the euro zone’s economy, projecting a lower growth rate for the region in 2021 as governments grapple with new variants of coronavirus. The Brussels-based institution expects the 19-member region.

A group of cannabis stocks are jumping again on Thursday as the Reddit trading crowd continues to pile into the high flying names. Shares of Tilray are up 13% in premarket trading on Thursday, after rallying about 150% this week..

Oil major Royal Dutch Shell on Thursday outlined the details of its near-term and long-term plans to transition to cleaner energy, saying its oil production and total carbon emissions have already peaked. The announcement comes at a time when the.

US consumer inflation maintained its 1.4% y/y growth in January, according to a new report. The core price index was virtually unchanged over the last two months, slowing the year-on-year gain to 1.4% from 1.6% previously. But inflation is not.

Rising markets and a weakening dollar are finding their momentum on Wednesday morning, driven by the impact of stimulus on the economy. Inflation expectations continue to increase, while a weak job market prevents the US from abandoning massive stimulus and.

The launch of Chicago Mercantile Group’s highly anticipated Ether futures saw more than $30 million worth of contracts traded during the first day of trade. Launched on Feb. 8, CME’s new Ether product saw 388 contracts traded in its first.

A World Health Organization-led investigation in China found that the coronavirus most likely jumped to humans through an animal host or frozen wildlife products, finding that it’s “extremely unlikely” it came from a laboratory leak. No further research is needed.

Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the soaring digital currency. The price of bitcoin hit a record high.

Asian stocks hit a record high on Wednesday as upbeat earnings, hopes of a large U.S. fiscal stimulus and a prolonged period of low interest rates fanned optimism about a global recovery from the pandemic. European stocks are expected to.