The COVID-19 pandemic drove unemployment rates to levels last seen during the Great Depression, particularly in March and April. A strong recovery improved the unemployment rate to 6.3% in January. The number is still much worse than in February of last year, when the rate was 3.5%. The Bureau of Labor Statistics (BLS) recently published its Regional and State Employment, […]

(Reuters) – The S&P 500 and the Nasdaq slipped in choppy trading on Thursday as jittery investors looked to remarks from Federal Reserve Chair Jerome Powell on rising bond yields, while data pointed to a staggering recovery in the labor market.FILE PHOTO: The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York, U.S., February […]

If you buy through our links, we may earn money from affiliate partners. Learn more. Target just released its highly anticipated home collection in collaboration with denim brand Levi’s. The 100+ item collection includes items across many categories, including barware, clothing, and more. We’ve highlighted 15 of our favorites including a comfy robe, a copper cocktail shaker, and more. Target […]

(Reuters) – Wall Street’s main indexes were set for a muted open on Thursday as data showed a staggering recovery in the labor market, while investors were cautious ahead of remarks from Federal Reserve Chair Jerome Powell amid a recent rise in U.S. bond yields.Slideshow ( 2 images )The number of Americans filing for jobless benefits rose last week, likely […]

The UK government’s new loan scheme aims to support struggling businesses as lockdowns begin to ease and the economy regains strength. Here’s how it differentiates from previous programs and what banks should do in response. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry. Learn more about becoming a client. The UK government is planning […]

About one in four Colorado households are behind on their power bills, similar to the rate before the pandemic, but how much they owe has risen significantly, according to a new study Thursday from Arcadia, a firm that connects utility customers with community solar and wind power sources. Measuring the depth of the hole the pandemic has put consumers in […]

By Nelson D. Schwartz The economy’s ability to heal from the damage inflicted by the pandemic will be tested Thursday morning when the Labor Department reports the latest data on initial jobless claims. With caseloads dropping and restrictions on business activity being eased in many places, filings for unemployment benefits have come down, too. In late February, the government reported […]

Healthcare and biotech specialist Perceptive Advisors has raised four SPACs, and completed three deals. The firm’s chief investment officer Adam Stone walked Insider through their SPAC strategy. The firm has taken Immatics, Cerevel Therapeutics, and Nautilus Biotechnology public via SPACs. Visit the Business section of Insider for more stories. Compared to the average SPAC sponsor, Perceptive Advisors’ track record has […]