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  • Business
    The Canadian Press

    The number of Americans applying for jobless benefits holds steady as labor market remains strong

    The number of Americans filing for jobless benefits didn't change last week as the labor market continues to defy efforts by the Federal Reserve to cool hiring. The Labor Department reported Thursday that unemployment claims for the week ending April 13 were unchanged from the previous week’s 212,000. The four-week average of claims, which softens some of the weekly volatility, was also unchanged at 214,500. Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a gi

  • Business
    Bloomberg

    Stagflation Trade Is Roaring Back in S&P 500’s Month of Pain

    (Bloomberg) -- The stagflation trade is standing out in a month where almost every stock benchmark and thematic index are weakening.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainSectors across the US and Europe that are more exposed to inflation risks, suc

  • Business
    Bloomberg

    Oil Holds Decline as Geopolitical Risk Premium Fades

    (Bloomberg) -- Oil prices fell for a fourth day as the premium traders put on geopolitical risks began to cool and after US inventories reached their highest levels since June. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainGlobal benchmark Brent traded bel

  • Business
    Yahoo Finance

    Stock market today: US futures rise as techs revive, with Netflix earnings on deck

    Investors are counting down to earnings from Netflix, the first of the "Magnificent" group of companies to report.