Breaking News: Markets

Jobless claims edge up to highest since January; planned layoffs soar; trade deficit hits 2022 low

A Wendy’s restaurant displays a “Now Hiring” sign in Tampa, Florida, June 1, 2021. Octavio Jones | Reuters Weekly jobless claims nudged higher while the US trade deficit hit its lowest level of the year in May as Covid-related shutdowns gripped China, according to economic data released Thursday. Initial filings for unemployment benefits totaled 235,000 …

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Gasoline futures are dropping, which could mean more relief at the pump

Brie Oloootu pumps gas at an Exxon Mobil gas station on June 09, 2022 in Houston, Texas. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images Prices at the pump have retreated from June’s never-before-seen levels, but remain stubbornly high. Some relief could be …

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Indexes trade higher as investors react to Fed minutes

SINGAPORE — Asia-Pacific markets were mostly higher on Thursday as investors watch for market reaction to the latest Fed minutes. In South Korea, the Kospi advanced 1.83% after closing more than 2% lower on Wednesday, and the Kosdaq climbed around 1.43%. Samsung Electronics shares rose 3.19% after the company released earnings guidance for the second …

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GameStop jumps in extended trading after announcing 4-for-1 stock split

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of GameStop jumped more than 8% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board. Shareholders who own the …

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Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield …

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