GameStop Falls 25% On Potential Share Sale, Other meme Stocks Falter
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Rumors Of A Mass Market Nio EV Surface Again
On-and-off rumors of Nio, Inc. (NYSE: NIO) taking a plunge into the mass Chinese electric vehicle market, which is now dominated by Tesla, Inc.'s (NASDAQ: TSLA) made-in-China Model 3 vehicles, are on again. read... Read more...
Stocks rise, S&P 500 hits record despite hotter-than-expected inflation data
Stocks rose Thursday as traders digested a key print on inflation, which showed consumer prices rose faster than expected as demand surged during the recovery. The S&P 500 rose to a fresh all-time high. The Dow outperformed, and the Nasdaq also increased to top 14,000 for the first time since May 3. Article continues...
This Measure Of U.S. Inflation Isnt Running So Hot
The Federal Reserve is not all that worried about inflation because the central bank thinks it's not as bad as it looks. And an obscure inflation measure that's closely followed by the Fed appears to support its view. The Cleveland Fed's so-called trimmed-mean inflation index rose 0.4% in May, but it's only up 2.6% in the past year. By contrast, the better known consumer price index has climbed at a 5% yearly rate. The Cleveland index strips away the products or services that have experienced... Click to continue reading this article...
Job searches fell in states canceling unemployment benefits early
Yahoo Money Job searches fell in states canceling unemployment benefits early Denitsa Tsekova Denitsa Tsekova·Reporter Thu, June 10, 2021, 2:34 PM The move by many states to cancel pandemic-era unemployment programs early to spur hiring doesn't appear to be working, according to one metric. Job seekers in states that will eliminate those programs over the next week haven't accelerated their online searches for new jobs, new data from Indeed found. In fact, job searches have actually fallen off in those states. More here...
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