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Posts Tagged ‘U.S. economy’

Trick or trend: Companies dependent on a “re-opening” economy continue to raise big cash

Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. On Friday American Airlines (AAL) announced that it would borrow $5.48 billion from the Federal […]

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Trick or Trend: Drop in unemployment rate almost certainly kills new coronavirus aid package in Senate

Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Before Friday's report of a drop in the official unemployment rate to 8.4% for August, […]

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Payroll gains for August come in as expected at solid 1.37 million, but pace of recovery continues to slow

The United States added 1.37 millions jobs in August, the fourth straight monthly gain. Economists surveyed by Bloomberg had expected an increase of 1.35 million jobs. The official unemployment rate fell by more than expected by almost two percentage points to 8.4%. (Adjusted for the misclassification of workers who should have been labeled as unemployed, but […]

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Wells Fargo resumes job cuts–will other banks follow?

On Friday August 21, Reuters reported that Wells Fargo (WFC) had in early August resumed the job and cost cutting program that it had paused in March as the coronavirus pandemic raged toward its heights in the United States. In July the bank said it would resume layoffs, branch closures and cuts to third-party spending. "We […]

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ADP private payrolls report foreshadows negative government July jobs report due Friday

The ADP Research Institute report on private payrolls doesn't always track with the government's monthly jobs report, but the trends usually matches up. Which argues that Friday's July jobs report will show that the economy and the labor market took a step backward in July. The ADP report released today showed that businesses added just […]

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Saturday Night Quarterback says, For the week ahead, here’s the recipe for volatility…

Congressional leaders, plus White House negotiators chief of staff Mark Meadows and Treasury Secretary Steve Mnuchin, met today, Saturday, August 1, in an attempt to hammer out some kind of coronavirus rescue package that would support what looks like a flagging recovery from the coronavirus recession. Congressional staffers are scheduled to meet Sunday. And Congressional […]

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New claims for unemployment rise by 1.54 million for week ended June 6

Initial claims for state unemployment benefits continued to trend lower with 1.54 million workers applying in the week ended June 6. That's down from 1.9 million initial claims in the prior week. (Economists surveyed by Bloomberg had projected 1.55 million initial claims for the week.) But while the trend is pointing in the right direction, […]

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Stocks give back morning rally as Trump administration seems far from an actual coronavirus stimulus plan

Stocks broke higher this morning on President Donald Trump promise to announce "something dramatic" at a press conference today to combat the slowdown in the economy caused by the coronavirus outbreak. The Standard & Poor's 500 was up 3.33% to 2844.16 at 10:12 a.m. in New York. But as the day has worn on, news […]

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Trump’s talk of doing something “dramatic” rallies overnight futures

President Donald Trump, speaking at a White House news conference today, Monday, March 9,, said that he plans to announce “very dramatic” actions to support the economy at a press conference on Tuesday following discussions with lawmakers. The actions seem likely to include a cut to the Social Security payroll tax. U.S. stock futures rose, […]

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Wall Street salivating over tomorrow’s official jobs report after strong ADP numbers

The ADP Research Institute report on private payrolls, released yesterday, showed a gain of 291,000 jobs in January. That blew away economist forecasts for 157,000 net new jobs in the month, according to Bloomberg's survey of economists. The January gain would be the largest since May 2015. And this strong report comes just before the […]

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