Scott Atkinson's posts

This Week: Job openings, consumer prices, Disney earns

This Week: Job openings, consumer prices, Disney earns

A look at some of the key business events and economic indicators upcoming this week: HELP WANTED The Labor Department issues its June tally of U.S. job openings Monday. The rapidly rebounding economy has been generating intense demand for workers this year. In May,...

Zuckerberg’s cash fuels GOP suspicion and new election rules

Zuckerberg’s cash fuels GOP suspicion and new election rules

DENVER (AP) — When Facebook founder Mark Zuckerberg donated $400 million to help fund election offices as they scrambled to deal with the coronavirus pandemic late last summer, he said he hoped he would never have to do it again. Republican legislatures are granting...

Saudi oil giant Aramco sees half-year earnings climb to $47B

Saudi oil giant Aramco sees half-year earnings climb to $47B

DUBAI, United Arab Emirates (AP) — Saudi Arabia's oil-producing company, Aramco, announced Sunday a net income of around $47 billion for the first half of the year, double what it earned over the same period last year when the coronavirus grounded travel and pummeled...

Berkshire Hathaway posts 7% gain in 2Q profit

Berkshire Hathaway posts 7% gain in 2Q profit

NEW YORK (AP) — Warren Buffett’s Berkshire Hathaway company on Saturday reported a 7% gain in profit for the second quarter, as many of the conglomerate's businesses recovered from the coronavirus pandemic. Berkshire Hathaway, based in Omaha, Nebraska, said it earned...

EXPLAINER: 5 key takeaways from the July jobs report

EXPLAINER: 5 key takeaways from the July jobs report

NEW YORK (AP) — Even in a July jobs report that was nearly universally hailed as a good one, pockets of weakness and concern are still clouding the celebration. The numbers in the report were certainly strong, with employers adding 943,000 more jobs to their payrolls...

Strong jobs report sends most stocks, bond yields higher

Strong jobs report sends most stocks, bond yields higher

Wall Street capped a choppy week of trading Friday with broad gains, which helped push the S&P 500 and Dow Jones Industrial Average to new highs. The S&P 500 rose 0.2%, a day after setting another all-time high. Every major index notched a weekly gain after...

Nintendo sees dwindling impact from pandemic megahit game

Nintendo sees dwindling impact from pandemic megahit game

TOKYO (AP) — Nintendo’s April-June profit declined 13% from the same period the previous year, when the hit game “Animal Crossing: New Horizons” dramatically boosted sales. Nintendo Co.’s profit for the fiscal first quarter totaled 92.7 billion yen ($843 million),...

Stocks rise following encouraging employment data, earnings

Stocks rise following encouraging employment data, earnings

NEW YORK (AP) — Stocks rose on Wall Street Thursday as investors reviewed encouraging jobs data and a strong batch of corporate earnings reports. The S&P 500 index rose 0.4% as of 11:28 a.m. Eastern. The Dow Jones Industrial Average rose 202 points, or 0.6%, to...

Bank of England hints at rate rise amid buoyant UK recovery

Bank of England hints at rate rise amid buoyant UK recovery

LONDON (AP) — The Bank of England indicated Thursday that interest rates may be on the up soon as it painted a fairly rosy picture about the near-term prospects for the British economy following the lifting of lockdown restrictions in the wake of the rapid rollout of...

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