USA News Hub

After moving sharply higher early in the session, stocks have given back some ground over the course of the trading day on Thursday. The major averages have pulled back off their best levels but remain firmly positive. The major averages have moved back to the upside in recent trading but remain well off their highs. […]

by Calculated Risk on 7/02/2020 11:59:00 AM The BEA released their estimate of May vehicle sales this morning. The BEA estimated light vehicle sales of 13.05 million SAAR in June 2020 (Seasonally Adjusted Annual Rate), up 5.7% from the revised May sales rate, and down 24.1% from June 2019. Click on graph for larger image. […]

Stocks rose on Thursday as investors cheered a bigger-than-expected increase in jobs in June as the economy tries to claws back from the coronavirus shutdown. The Dow Jones Industrial Average traded 232 points higher, or 0.9%. The Nasdaq Composite hit a record high, climbing 0.9%. The S&P 500 gained 0.9%. Boeing contributed to the gains, rising […]

by Calculated Risk on 7/02/2020 11:09:00 AM The labor market swings have been huge, and the June employment report was better than expected with 4.8 million jobs added. Leisure and hospitality led the way with 2.088 million jobs added in June, following 1.403 million jobs added in May. Leisure and hospitality lost 8.318 million jobs […]

Stocks rose on Thursday as investors cheered a bigger-than-expected increase in jobs in June as the economy tries to claws back from the coronavirus shutdown. The Dow Jones Industrial Average traded 166 points higher, or 0.6%. The Nasdaq Composite hit a record high, climbing 1%. The S&P 500 gained 0.8%. The major averages, however, cut […]

New orders for U.S. manufactured goods showed a substantial rebound in the month of May, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders spiked by 8.0 percent in May after plunging by a revised 13.5 percent in April. Economists had expected factory orders to surge up […]

New orders for U.S. manufactured goods showed a substantial rebound in the month of May, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders spiked by 8.0 percent in May after plunging by a revised 13.5 percent in April. Economists had expected factory orders to surge up […]

Nonfarm payrolls soared by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier […]

Stocks have moved sharply higher in morning trading on Thursday, extending the upward trend seen over the past few sessions. With the jump, the tech-heavy Nasdaq has reached a new record intraday high. The major averages have pulled back off their best levels in recent trading but continue to post strong gains. The Dow is […]

With the value of exports falling by much more than the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of May. The Commerce Department said the trade deficit widened to $54.6 billion in May from a revised $49.8 billion in […]

With the value of exports falling by much more than the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of May. The Commerce Department said the trade deficit widened to $54.6 billion in May from a revised $49.8 billion in […]

After reporting an unexpected jump in employment in the U.S. in the previous month, the Labor Department released a report on Thursday showing another record spike in employment in the month of June. The report said non-farm payroll employment skyrocketed by 4.8 million jobs in June after soaring by an upwardly revised 2.7 million jobs […]

After reporting an unexpected jump in employment in the U.S. in the previous month, the Labor Department released a report on Thursday showing another record spike in employment in the month of June. The report said non-farm payroll employment skyrocketed by 4.8 million jobs in June after soaring by an upwardly revised 2.7 million jobs […]

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much less than expected in the week ended June 27th. The Labor Department said initial jobless claims dropped to 1.427 million, a decrease of 55,000 from the previous week’s revised level of 1.482 million. Economists had expected […]

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much less than expected in the week ended June 27th. The Labor Department said initial jobless claims dropped to 1.427 million, a decrease of 55,000 from the previous week’s revised level of 1.482 million. Economists had expected […]

by Calculated Risk on 7/02/2020 08:55:00 AM The DOL reported: In the week ending June 27, the advance figure for seasonally adjusted initial claims was 1,427,000, a decrease of 55,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 1,480,000 to 1,482,000. The 4-week moving average was 1,503,750, […]

Stocks are likely to move to the upside in early trading on Thursday as traders react to another much better than expected monthly jobs report. The major index futures are currently pointing to a sharply higher open for the markets, with the Dow futures up by 414 points. Early buying interest is likely to be […]

Early signs from the U.S. Futures Index suggest that Wall Street will open higher on Thursday. The promising results from a Covid-19 vaccine trial and encouraging data from top two economies the United States and China boosting sentiment. Investors also looked ahead to major economic announcements on the day. Asian shares finished higher, while European […]

South Africa’s current account posted surplus in the first quarter for the first time since 2003, South African Reserve Bank said Thursday. The balance on the current account of the balance of payments logged a surplus of ZAR 69.7 billion, which was the first surplus since the first quarter of 2003. The deficit totaled ZAR […]

With the value of exports falling by much more than the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of May. The Commerce Department said the trade deficit widened to $54.6 billion in May from a revised $49.8 billion in […]

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much less than expected in the week ended June 27th. The Labor Department said initial jobless claims dropped to 1.427 million, a decrease of 55,000 from the previous week’s revised level of 1.482 million. Economists had expected […]

by Calculated Risk on 7/02/2020 08:41:00 AM From the BLS: Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March […]

After reporting an unexpected jump in employment in the U.S. in the previous month, the Labor Department released a report on Thursday showing another record spike in employment in the month of June. The report said non-farm payroll employment skyrocketed by 4.8 million jobs in June after soaring by an upwardly revised 2.7 million jobs […]

Despite a deep recession, the euro area jobless rate rose only marginally in May as the short-time work programs of member countries to support jobs amid the downturn caused by the coronavirus pandemic suppressed actual unemployment. The unemployment rate climbed to 7.4 percent in May from 7.3 percent in April, data released by Eurostat showed […]

Eurozone producer prices continued to decline in May amid falling energy prices, data from Eurostat showed on Thursday. Producer prices decreased 5.0 percent on a yearly basis in May, following a 4.5 percent decline in April. Economists had expected a fall of 4.8 percent. Excluding energy, producer prices declined 0.6 percent in May after a […]

Spain’s unemployment increased marginally in June as containment measures to curb the spread of coronavirus weighed on the labor market, data from the Ministry of Labor, Migration and Social Security revealed on Thursday. In June, the number of registered unemployed rose by 5,107 or 0.1 percent from the previous month. The unemployment had increased sharply […]