(Reuters) – The S&P 500 dropped on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continued to pull money out of the big tech companies that have benefited most from the pandemic.The U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New […]
WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, pointing to sustained labor market strength despite a recent slowdown in job growth. Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 204,000 for the week ended Jan. 11, the Labor Department said on Thursday. […]
By Kevin Yao BEIJING (Reuters) – A Chinese central bank official called on Sunday for stepped up global policy coordination to manage the economic impact of the coronavirus outbreak, and said Beijing’s recent policy measures were gaining traction while it had capacity for further action. Chen Yulu, a deputy governor at the People’s Bank of […]
