Unemployment claims report will offer a reading on the recovery.


An update on the labor market’s health is due Thursday morning when the Labor Department is scheduled to release its weekly report on applications for government unemployment insurance. Although new jobless claims are nowhere near the eye-popping levels seen last spring, they are still extraordinarily […]

Shares and commodities keep climbing, so do bond yields


LONDON (Reuters) – World stocks headed back towards record highs with a third day of gains and the dollar dropped to a three-year low on Thursday, after top Federal Reserve and European Central Bank officials took aim at rising bond market yields.FILE PHOTO: The London […]

A2 Milk still committed to daigou despite 35% profit slump


A2 Milk’s new chief executive David Bortolussi says the company remains committed to the unofficial infant formula trade into China, despite it being largely responsible for a decline in its earnings over the first half. The company’s net profit dropped by 35 per cent to […]

NRF Issues Bullish Forecast for 2021


The National Retail Federation forecasts that U.S. retail sales in 2021 will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion, as more people get vaccinated and the economy reopens. Online sales, which are included in the total, are expected to grow […]