Nasdaq said it would open a regional headquarters in Texas, deepening its presence in a state that is fast emerging as a major financial hub rivaling New York.
Read More Nasdaq to open Texas headquarters as companies relocate to state
Category: Business
US retail sales rebound moderately; underlying trend remains firm
Retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy.
Read More US retail sales rebound moderately; underlying trend remains firm
Investors, advisors flock to ‘buffer’ ETFs as markets sell off
Investors are increasingly taking refuge from the tumultuous U.S. stock market by pouring into a type of ETF that offers a tradeoff, a cap on potential gains in return for a cushion against possible losses.
Read More Investors, advisors flock to ‘buffer’ ETFs as markets sell off
US weekly jobless claims fall amid labor market stability
The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability.
Read More US weekly jobless claims fall amid labor market stability
US job openings increase in January; layoffs decline
Job openings, a measure of labor demand, rose 232,000 to 7.740 million on the last day of January, the Labor Department’s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey.
Read More US job openings increase in January; layoffs decline
Nasdaq falls over 3% to six-month low on growth concerns
The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.
Read More Nasdaq falls over 3% to six-month low on growth concerns