Even professional investors can make the mistake of holding stocks for too long after they have soared.
Travelers keen to jet off for a long-awaited vacation should exercise patience in the face of “fragile” progress in containing the coronavirus pandemic, which makes it necessary to avoid international travel for now, the World Health Organization’s regional head for Europe warned on Thursday.
It’s not too late to grab a memorable graduation gift.
Karl Lagerfeld’s assertion that “trendy is the last stage before tacky” may be a useful framework for analyzing bitcoin, according to Deutsche Bank analyst and Harvard University lecturer Marion Laboure.
The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 71 billion cubic feet for the week ended May 14. That was larger than the average increase of 67 billion cubic feet forecast by analysts polled by SP Global Platts. Total stocks now stand at 2.1 trillion cubic feet, down 391 billion cubic feet from a year ago and 87 billion cubic feet below the five-year average, the government said. Following the data, June natural gas was down 3 cents, or 1.1%, at $2.93 per million British thermal units. It traded at $2.95 shortly before the data.
Some countries now require you to have travel medical insurance
The Conference Board said Thursday its Leading Economic Index rose 1.6% in April, the second straight strong reading.
Rep. Tim Ryan said late Wednesday that a healthy two-party system is a prerequisite for productive legislative action on such issues as infrastructure and climate change but that both of those parties need to be “living in reality.”
The forward path for mortgage rates remains uncertain, but home buyers don’t need to stress out about affordability just yet.
Add one more impressive stat to Derek Jeter‘s long list. The Hall of Famer has sold his massive Tampa, FL, estate for a record-breaking price.
U.S. stock benchmarks rose on Thursday after data show a further fall in first-time claims for jobless benefits. The Dow Jones Industrial Average rose 0.2% to around 33,954, the SP 500 index rose 0.4% to to 4,133, while the Nasdaq Composite Index advanced 0.7% to 13,388. All three main equity benchmarks were trying to avoid a fourth straight drop. Investors were parsing data that showed that first-time applications for U.S. unemployment benefits fell to a pandemic low last week, the government reported Thursday. Initial jobless claims fell 34,000 to 444,000 in the week ended May 15. Economists surveyed by Dow Jones and The Wall Street Journal had forecast new claims to fall to a seasonally adjusted 452,000. Separately, a Philadelphia Fed gauge of regional factory activity declined. The data come after Fed minutes from Wednesday, showed that “a number of participants suggested that if the economy continued to make rapid progress toward the Committee’s goals, it might be appropriate at some point in upcoming meetings to begin discussing a plan for adjusting the pace of asset purchases.” In corporate news, Hormel Foods Corp. , reported Thursday fiscal second-quarter profit and sales that topped expectations, and raised its full-year outlook, even as volumes declined.