Paul Dykewicz
Improved Jobs Report Ignites Broad Wall Street Rally
The market’s rise snapped a five-day losing streak, with the strengthening job market shifting the focus of investors to growth rather than the fate of the Federal Reserve’s huge stimulus program.
GM’s Stock Breaks through $40 Barrier
Just one day after announcing plans to stop marketing Chevrolet as a full-fledged automobile brand in Europe, General Motors Corp.’s (GM) share price has climbed above $40 a share.
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U.S. Unemployment Rate Hits Five-Year Low; Fed Gets Next Move
The United States added 203,000 nonfarm jobs in November to bring unemployment to a new five-year low of 7 percent, the Labor Department reported this morning.
GM to Largely Pull Chevrolet from Europe
General Motors Co. (GM) plans to largely withdraw its Chevrolet brand from Europe in 2016, focusing more sharply on its main Opel and Vauxhall brands.
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U.S. third-quarter growth revised up to 3.6 percent
The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively boosted inventory, but underlying domestic demand remained sluggish and buoyed the case for the Federal Reserve to keep up its stimulus for now.
Jobless Claims in U.S. Unexpectedly Drop to Two-Month Low
Applications for U.S. employment benefits unexpectedly fell last week to the lowest level in more than two months, the Labor Department reported this morning. However, part of the reason may be that it is increasingly difficult to adjust the data for seasonal variations during holiday periods.