Economy - Finance > Industries

Kohl's roars back in Q1, but 2021 outlook spooks Wall Street

25 days ago   |   By Chron

NEW YORK - Kohl's raised its financial outlook for the year after a solid rebound in the first quarter from the devastating impact of the pandemic.
But those raised expectations fell short of what many industry analysts had been expecting and shares plunged 12% Thursday.
More shoppers came back to shop in stores as COVID-19 vaccinations become more common and Kohl's bounced back to a profit after the chain, based in Menomonee Fall, Wisconsin, lost money last year when it was forced close its doors along with thousands of other retailers.
Quarterly sales and profits topped almost all...
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US jobless claims drop to 444,000, a new pandemic low, as layoffs slow further with economy strengthening

25 days ago   |   By Stl Today

WASHINGTON - US jobless claims drop to 444,000, a new pandemic low, as layoffs slow further with economy strengthening.
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US jobless claims decline to 444,000, a new pandemic low

25 days ago   |   By Chron

WASHINGTON - The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.
Thursday's report from the Labor Department showed that applications declined 34,000 from a revised 478,000 a week earlier. The number of weekly jobless claims - a rough measure of the pace of layoffs - has declined steadily since the year began.
The data release coincides with rapid moves by nearly all the nation's Republican governors to cut off...
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US weekly jobless claims sink to new pandemic low of 444,000

25 days ago   |   By Business Insider

A record amount of Americans are still out of a job, and unemployment benefits are set to expire on July 31.
John Sommers II/Getty Images
US jobless claims fell to 444,000 last week, setting a new pandemic-era low.
Economists estimated claims would reach 450,000. The previous week's sum was revised higher to 478,000.
Continuing claims jumped to 3.75 million for the week that ended May 8, landing above forecasts.
See more stories on Insider's business page .
The number of Americans filing for unemployment insurance fell again last week as reopening spurred more hiring. New jobless claims...
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Jobless claims drop more than expected for a new pandemic low

25 days ago   |   By CNBC

Economist surveyed by Dow Jones had been expecting 452,000 new claims as the jobs picture continues to improve.
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Reality Winner, the ex-NSA contractor convicted of leaking a report about...

Reality Winner exits the Augusta Courthouse June 8, 2017 in Augusta, Georgia. Winner is an intelligence industry contractor accused of leaking National Security Agency... Read more ...

Bitcoin is too vulnerable to Elon Musk's tweets to put money in, Kleinwort...

Bitcoin is too vulnerable to Elon Musk's tweets to put money in, Kleinwort Hambros investment chief says

Summary List Placement Bitcoin fans will have cheered Elon Musk's latest market-stirring tweet. The Tesla CEO said the car company would start accepting bitcoin payments again... Read more ...

Biden's budget would cut taxes for all low-income households but especially...

Biden's budget would cut taxes for all low-income households but especially parents, analysis shows

Summary List Placement President Joe Biden's recent budget proposal included changes in the tax code that would hike taxes for corporations while expanding tax credits for... Read more ...

Housing Inventory June 14th Update: Inventory Increased Week-over-week

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One of the key questions for 2021 is: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2021? Tracking inventory will be very important... Read more ...

Wholesale grocery retailer Boxed is set to go public in $900 million SPAC deal

Wholesale grocery retailer Boxed is set to go public in $900 million SPAC deal

Summary List Placement Wholesale grocery retailer and courier Boxed is set to go public in a deal with Seven Oaks Acquisition Corp. , a special purpose acquisition company... Read more ...

Apple is experiencing an issue with its credit card that's preventing some...

Apple is experiencing an issue with its credit card that's preventing some users from making in-store purchases

Summary List Placement Some users of Apple's in-house credit card may be experiencing issues as of Monday morning. Apple reported an issue with the card as of 3:30 a.m. Monday... Read more ...

Which Nubank will own the financial revolution?

Which Nubank will own the financial revolution?

Nubank's first office, on California Street in the Brooklin neighborhood of São Paulo, makes for a great beginning to the company's story. It wasn't a Silicon Valley garage... Read more ...

How inflation helps the stock market set records

How inflation helps the stock market set records

The news regularly reports that this or that stock market index has reached new heights. What does that really mean? Economies tend to grow, whether it's their population or... Read more ...

Crispin Odey believes inflation will bring a 'golden period' for M&A. He...

Crispin Odey believes inflation will bring a 'golden period' for M&A. He highlights why his bet on Distell could be a big winner

Summary List Placement Inflation is on every investor's mind, and for $2.5 billion one hedge fund manager, a rise in prices is welcomed. Crispin Odey, the British founder of... Read more ...

HubSpot Custom Properties Every HubSpot User Should Track in Their CRM

HubSpot Custom Properties Every HubSpot User Should Track in Their CRM

HubSpot's custom properties feature allows users to define custom properties or “fields” outside of HubSpot's default contact properties within their customer relationship... Read more ...