SpaceX launched its Falcon Heavy rocket on Thursday with a high-capacity telecommunications satellite payload, following the famous demo flight last year that hurled Starman and a red Tesla Roadster into space.
Two years ago, Uber Technologies Inc. was the quintessential Silicon Valley problem child. Yet when the most highly valued Silicon Valley tech startup finally filed for its initial public offering on Thursday, it portrayed itself as the grown-up among its peers.
The number of people who applied for unemployment benefits in early April fell below 200,000 for the first time since 1969, the latest sign that an ebullient labor market remains an oasis of strength for a slower-growing U.S. economy. Jobless claims fell by 8,000 to 196,000.
The Federal Reserve may be forced to tighten at some point to address financial stability risks, IMF’s Adrian says in interview with MarketWatch.
Direct listings have clear advantages over IPOs for companies and investors.
Stubbornly low inflation is the chief reason the Federal Reserve abruptly junked plans to keep raising U.S. interest rates this year and adopted a strategy of ‘patience.’ The last time inflation consistently ran above 3% was a quarter of a century ago.
The presidential race is still in its early stages, as evidenced by new polling showing favorability overwhelmingly driven by name recognition.
The British pound on Thursday was able to shake off Brexit drama and an early morning selloff to trade near unchanged in early afternoon trade in New York.
“Pension detective” Ted Siedle, a former SEC lawyer who now runs Benchmark Financial Services, was awarded a record $78 million for blowing the whistle on JPMorgan Chase’s failure to disclose it was pushing customers toward the bank’s own products instead of those offered by rivals. Now, he’s predicting a full blown retirement disaster.
President Donald Trump on Thursday said he’d discuss the prospect of further meetings with North Korean leader Kim Jong Un during talks with South Korea’s president, saying he expects “a lot of tremendous things” will happen over time.