Category: Uncategorized

WASHINGTON — The number of Americans filing first-time claims for jobless benefits unexpectedly dipped last week while staying extremely high, with the labor market recovery appearing to stall as a raging COVID-19 pandemic threatens to overwhelm the country. Read More

U.S. weekly jobless claims unexpectedly fall — Financial Post

Starbucks Corp said on Thursday Chief Financial Officer Patrick Grismer would retire from his position next month. Read More

Starbucks CFO Patrick Grismer to retire next month — Financial Post

Wall Street’s main indexes were set to open higher on Thursday as bets on more pandemic aid under a Democrat-controlled U.S. Congress eclipsed data showing elevated levels of unemployment claims. Read More

Wall Street set for higher open as Democrats take control of Senate — Financial Post

LONDON — Financial markets are likely to be hit more often by the kind of upheaval unleashed by the COVID-19 pandemic and central banks need new tools to deal with powerful investment firms at the heart of such events, a Bank of England official said. Read More

BoE’s Hauser calls for new central bank tools to tackle market upheavals — Financial Post

On the markets at 9:50 a.m. (ET): Read More

Markets update — Financial Post

TORONTO — A broad-based rally helped lift Canada’s main stock index in early trading, while U.S. stock markets also climbed higher in the wake of the certification by the U.S. Congress of Joe Biden’s election win despite a mob that broke into the U.S. Capitol building Wednesday. Read More

North American stock markets climb higher in early trading, loonie pulls back — Financial Post

BEIJING — Tesla Inc said on Friday it has started selling China-made Model Y sport-utility vehicles (SUV) and will deliver them to customers this month, as the U.S. electric vehicle maker expands sales in the world’s biggest car market. Read More

Electric vehicle maker Tesla to deliver China-made Model Y SUVs this month — Financial Post