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US Services Sector Unexpectedly Plunges In June As Manufacturing Survey Hits Record High

Despite the serial disappointment in hard economic data, 'soft' survey data has continued to soar in 2021 but analysts expected today's Markit PMIs to retrace some of those gains.

Google to face another legal challenge as EU launches antitrust probe into its advertising unit

The European Commission has started a new investigation into Alphabet’s Google to determine if the US tech titan favored its own online display ad technology services, breaching European Union antitrust regulations.

Quartz, NYT vets launch new media company about work

Quartz co-founders Kevin Delaney and Jay Lauf, along with New York Times veteran Erin Grau, are launching a new media and services company called "Charter" that is centered around the future of work, the founders told Axios.

Dow roars ahead, snapping five-day losing streak

Fed Chairman Powell will testify on the economy Tuesday

China’s central bank calls for tougher measures on digital currencies

The People’s Bank of China has held talks with a number of Chinese banks and financial institutions, urging them to thoroughly screen clients’ accounts for cryptocurrency transactions, and cut relevant payment links.

Households can earn $25 per hour for NOT working

'Nearly beyond dispute that supplemental unemployment benefits are reducing employment'

US Voters Support Breaking Up Big Tech: Poll

A new poll found that Americans support stricter regulations against Big Tech companies, Axios reported Friday.

Port Of LA Becomes First Ever In Western Hemisphere To Handle 1+ Million Containers In One Month

The Port of Los Angeles announced Tuesday that it had earned the distinction as the first port in the Western Hemisphere to handle more than 1 million twenty-foot equivalent units (TEUs) in a single month.

New jobless claims at 412,000, more than expected

The number of new applications for unemployment benefits rose 37,000 last week to 412,000, the Labor Department reported on Thursday.

What lumber and gold prices tell us about the stock market’s next move

Commodities have an effect on stocks but the one to watch is platinum.

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