US job openings were much higher than expected in May, shrugging off uncertainty from Iran war
Good news for job seekers: The number of available positions in the United States increased for the second month in a row.
New data Tuesday showed that the estimated number of job openings ticked higher in May to nearly 7.6 million, from 7.59 million, setting a fresh two-year high in the process,
Read MoreTrump fired the BLS chief last year over 'rigged' data claims. New research says the move cost the US economy $20 billion
Last year, President Donald Trump took the unprecedented step of ousting Bureau of Labor Statistics Commissioner Erika McEntarfer after alleging economic data was being “rigged” without evidence. Now, research suggests Trump’s move packed a punch against the U.S. economy.
A new analysis published (1) in the Center for Economic and Policy Research from four economists indicates that the U.S.
Read MoreXRP, HYPE funds are the bright spots as investors flee bitcoin, ether ETFs
XRP and Hyperliquid’s HYPE have emerged as notable bright spots amid record outflows from U.S. spot crypto exchange-traded funds (ETFs).
XRP-linked ETFs added $59.4 million in June, a third straight month of net inflows, albeit at a slower pace than during the previous two months, according to SoSoValue data. HYPE funds notched up $161 million in net inflows during the month.
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Read MoreAre stock markets open around July 4 holiday? See stock market schedule
The annual celebration of the nation’s independence will close banks nationwide and halt most trading before the holiday has even begun.
Even though this year’s Fourth of July is on a Saturday, it will be celebrated on July 3 by the federal government and much of the country.
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Read MoreWall Street mixed early with chip stocks giving up early week gains
By ELAINE KURTENBACH and MATT OTT, AP Business Writers
U.S. markets were mixed early Tuesday as technology stocks gave back a chunk of their gains from a day earlier.
Futures for the S&P 500 lost 0.2% while futures for the Dow Jones Industrial Average ticked up 0.3%.
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Read MoreThe Burst
Market Commentary: $1.7 Billion Fund Bets Massively On 1 Stock
David Einhorn has made a name for himself as the founder of Greenlight Capital, which manages around $1.7 billion at last count in Q3 2023.
Interestingly, the fund has made a massive bet on another company with Green in its name, Green Brick Partners. It’s an unfamiliar name to many investors and even those who do know of it may wonder why such a huge position was established by Einhorn and his investment team.
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Read MoreThe Ivy
Avoid This Semi Stock Like The Plague?
On August 1st, Intel released its Q2 earnings report, much to the chagrin of longtime shareholders.
In the release, the company reported a 1% year-over-year revenue drop alongside a quarterly net loss of $1.6 billion. Much more concerning was the company’s plan for a cost reduction campaign that involved layoffs, reduced capital expenditures and a suspension of the company’s quarterly dividend.
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