Markets rise as bond volatility eases fueled by relief bill
Major U.S. stock indexes hit all time highs as bond market volatility eases and Biden's sweeping pandemic relief bill boosts sentiment. The S&P 500, Dow and Nasdaq surged while tech names led gains and GE faced the day’s steepest drop amid its restructuring.
MENTIONED IN THIS ARTICLE
U.S
Treasury
Elyse Rosenbaugh
J.P Morgan
Dow
Washington
States seek big projects with COVID relief windfall
States plan sweeping uses of the $1.9 trillion relief funds including rural broadband drinking water improvements and economic development. New Mexico officials cite $600 million to cover unemployment debts and over $1 billion for road grants and grants. Governors from both parties outline ambitious agendas despite budget constraints and debates over per capita allocations and tax-cut constraints.
MENTIONED IN THIS ARTICLE
Congress
Joe Biden
New Mexico
Michelle Lujan Grisham
California
Idaho
Vermont
Job Openings Rise as Layoffs Fall in January
The Labor Department reports 6.9 million job openings at month end January up from 6.7 million in December signaling hiring buildup. February added 379,000 jobs, unemployment fell to 6.2 percent, while layoffs stayed just under 1.7 million.
MENTIONED IN THIS ARTICLE
Labor Department
Unemployment Claims Surge in Medina County
Medina County residents filed 927 unemployment benefit claims last week as store closures tied to the COVID 19 pandemic hit. The four week average rose to 983, nearly triple the prior record from 2009 during the Great Recession.
MENTIONED IN THIS ARTICLE
Medina County
Unemployment claims remain high despite some hiring optimism
The unemployment benefits total stands at 712000 last week, reflecting a high share of jobless Americans. The figure may rise due to pandemic era rules and repeated aid applications amid overwhelmed state systems. Manpower Group finds about a quarter of firms plan to add workers in Q2, with one third aiming to restore prepandemic hiring by July and over half by year end.
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Frankfurt
Germany
European Central Bank
U.S
Euro
Eurozone
China
ECB
Christine Lagarde
Lagarde
European Union
Unem
Manpower Group
Study shows Hollywood diversity cost to business
McKinsey & Company calculates a $10 billion yearly loss for the film and TV industry due to under valuing Black creatives. The report notes 92 percent of film executives are white and 87 percent in television, with Black led films often budgeted 24 percent lower.
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McKinsey & Company
Hollywood
McKinsey
Wire
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