Personal income jumped 10% in January, reaching its highest level on record after the distribution of the second stimulus checks and the additional $300 in weekly unemployment benefits kicked in last month, according to data by the Bureau of Economic
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Wall Street extends losses as inflation fear lingers
(Reuters) – Wall Street’s main indexes extended losses on Friday as fears of a potential rise in inflation kept U.S. bond yields around one-year high, while tech stocks clawed back some losses.Slideshow ( 2 images )Shares of Amazon.com Inc, Microsoft
U.S. Treasuries' selloff give European stocks an edge
(Reuters) – The selloff in U.S. Treasuries may finally give the bourses of Frankfurt, Paris or Milan a decisive edge for 2021 after five straight years of underperformance against Wall Street.FILE PHOTO: The German share price index DAX graph is
Wall Street ends sharply lower, tech selloff weighs as bond yields climb
NEW YORK (Reuters) – Wall Street’s main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields. The Dow and
DoorDash revenue jumps in first quarterly results since IPO
FILE PHOTO: A DoorDash sign is pictured on a restaurant on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo Allegri(Reuters) – Food delivery company DoorDash Inc on
Mary Davis, Former Graduate School Dean, Files $10M Claim Against Joyce Brown and FIT
The Fashion Institute of Technology had no comment in response to a complaint filed by Mary Davis, its former graduate school dean, against the college and Joyce F. Brown, its president. Davis, who was dismissed from her position last November,
Xcel Energy-Colorado plans to cut greenhouse-gas emissions 85% by 2030, double renewable energy
Xcel Energy-Colorado, the first electric utility in the country to set a goal of being carbon-free, said Wednesday that it will up the ante by pledging to cut its greenhouse-gas emissions 85% by 2030. The new clean energy plan, to
As Online Sales Grow, So Does Gap Inc.’s Network of Distribution Centers
Gap Inc., which sees online sales representing 50 percent of its volume in three years, is beefing up its network of distribution centers to meet the growing demand. The company has been modernizing its six distribution centers and will build
Margaret Zhang Named Vogue China’s New Editorial Director
Hand-picked by Condé Nast’s chief content officer Anna Wintour, Margaret Zhang is Vogue China’s new editorial director. Vogue Portugal released the news on Wednesday evening. “I am so delighted that Margaret is our new editor-in-chief of Vogue China,” said Wintour.
Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might help pull more women into the labor market. The Fed chief studiously avoided commenting on specific government policy proposals during