Category: Stock Market
JCPenney said Thursday that it is hiring nearly 22,000 seasonal employees for the holiday season. The department store chain, which came out of bankruptcy in December 2020, is owned by Simon Property Group Inc. SPG, -1.14% and Brookfield Asset Management Inc. BAM, -2.97%. JCPenney said it will host a national hiring event Oct. 12 through […]
Optimism that the Federal Reserve might back off of aggressive interest rate hikes is giving way to something else within financial markets: A feeling that things won’t likely get better for investors from here. Financial markets have vacillated between two narratives: One in which the prospects of weaker growth and financial instability force policy makers […]
U.S. stocks finished lower on Thursday for the second day in a row as Minneapolis Federal Reserve Bank President Neel Kashkari played down the odds of the Fed pausing its interest-rate hikes, while investors awaited an update on the state of the U.S. labor market due out Friday. The S&P 500 SPX, -1.02% finished down […]
The legendary Chicago improvisational-theater company Second City is set to open a location in New York, its first, according to Crain’s Chicago Business. The new location, in the Williamsburg section of Brooklyn, is to consist of an 11,900-square-foot space comprising a mainstage theater, seven classrooms, and a restaurant and bar, Crain’s reported. The comedy institution, […]
Shares of cannabis companies rallied Thursday after President Joe Biden said he would pardon federal offenders for simple pot possession. Biden also asked for a review on marijuana’s current status as a Schedule 1 controlled substance under U.S. law. U.S. cannabis companies listed on the OTC as well as Canadian cannabis companies moved up sharply. […]
President Joe Biden on Thursday said he will pardon all prior federal offenses of simple possession of marijuana. “There are thousands of people who have prior federal convictions for marijuana possession, who may be denied employment, housing, or educational opportunities as a result,” Biden said in a statement. “My action will help relieve the collateral […]
Optimism that the Federal Reserve might back off of aggressive interest rate hikes is giving way to something else within financial markets: A feeling that things won’t likely get better for investors from here. Financial markets have vacillated between two narratives: One in which the prospects of weaker growth and financial instability force policy makers […]
Shares of Tesla Inc. TSLA, -0.59% rose 0.3% in afternoon trading Thursday, after S&P Global Ratings raised the electric vehicle (EV) maker’s credit rating by two notches into “investment grade” territory, given higher-than-expected deliveries and a ramp up in production to meet strong demand. The rating was raised to BBB, which is the second-lowest investment […]
Gold futures ended unchanged on Thursday as investors await cues from the monthly U.S. jobs report due Friday. Everyone will be “closely watching tomorrow’s U.S. September nonfarm payrolls and its impact on the November Federal Reserve meeting,” said Chintan Karnani, director of research at Insignia Consultants. There has to be an increase in unemployment in […]
The House committee investigating the Jan. 6, 2021, attack on the U.S. Capitol has scheduled its next public hearing for Oct. 13 at 1 p.m. Eastern, the panel announced Thursday. The bipartisan committee has been building a case against former President Donald Trump in a series of televised hearings, and next week’s may be its […]