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Economic News

Fri, Jun 25th, 2021
Japan's Toshiba chairman fails to win shareholder approval

TOKYO (AP) — Battered Japanese nuclear and electronics giant Toshiba Corp. faced off with shareholders Friday, seeking to shake off serious questions about governance at the once revered brand.

TOSYY : 21.9900 (+0.18%)
Asian stocks rise after US rally on infrastructure deal

TOKYO (AP) — Asian shares rose Friday, buoyed by the rally on Wall Street that came after President Joe Biden announced a bipartisan deal on infrastructure spending.

RAD : 17.46 (-14.50%)
Biden extols bipartisan infrastructure deal as a good start

WASHINGTON (AP) — President Joe Biden announced on Thursday a hard-earned bipartisan agreement on a pared-down infrastructure plan that would make a start on But he openly acknowledged that Democrats...

FedEx posts profit as online shopping boom continues

NEW YORK (AP) — FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by a surge in online shopping and the growth of its business-to-business...

FDX : 303.69 (+2.13%)
Nigerian IT worker charged in multistate unemployment fraud

SEATTLE (AP) — A Nigerian information technology worker has been indicted on federal wire fraud and identity theft charges, after authorities said he and his co-conspirators filed false claims for pandemic-related...

All big banks pass latest Federal Reserve 'stress tests'

NEW YORK (AP) — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday as it released the results from its latest “stress...

C : 71.32 (+2.40%)
GS : 368.75 (+2.13%)
JPM : 152.51 (+0.92%)
Carnival loses $2.1 billion waiting for cruising to resume

MIAMI (AP) — Carnival Corp. said Thursday that it lost more than $2 billion in its latest quarter as the company's cruise lines remained mostly shut down by the pandemic, but it said bookings for next...

CCL : 27.46 (-2.45%)
US blocks solar panel materials from China over labor abuses

WASHINGTON (AP) — A Chinese company that produces a key ingredient in will be barred from the U.S. market as part of a broader effort to halt commerce tied to the against , the said Thursday.

Eli Lilly, Steelcase rise; KB Home, H.B. Fuller fall

Stocks that traded heavily or had substantial price changes Thursday:

DRI : 139.85 (+3.25%)
KBH : 40.45 (-6.73%)
LLY : 232.97 (+7.31%)
RAD : 17.46 (-14.50%)
FUL : 63.80 (-2.83%)
PENN : 76.50 (-0.39%)
SCS : 15.22 (+4.68%)
The Teamsters have a new mission: Unionize Amazon workers

NEW YORK (AP) — One of the nation's largest union is aiming to unionize Amazon workers.

Transamerica settles dispute over retirement plan for $5.4M

CEDAR RAPIDS, Iowa (AP) — Transamerica has agreed to a $5.4 million settlement with current and former employees in a lawsuit that accused the investment company of offering several poor performing options...

Microsoft debuts Windows 11, first major update in 6 years

Microsoft has unveiled the next generation of its Windows software, called Windows 11, that has sleeker visual features and is more open to third-party apps.

AAPL : 133.41 (-0.22%)
GOOGL : 2,450.00 (+0.31%)
MSFT : 266.69 (+0.53%)
Infrastructure spending promises boost for industry

Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies that make machinery and materials a solid foundation for growth.

CAT : 219.34 (+2.60%)
SHW : 270.08 (-0.48%)
US economy grows 6.4% in Q1, and it's likely just the start

WASHINGTON (AP) — The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven...

Pandemic pets are a 'furry annuity,' says Petco CEO

NEW YORK (AP) — Yummy, a 12-year-old Labrador retriever, is in Petco's San Diego offices so much he has his own title.

EU slaps economic sanctions on Belarus over rights breaches

BRUSSELS (AP) — The European Union slapped economic sanctions on Belarus on Thursday in response to what the bloc called the “escalation of serious human rights violations” including the detention...

Hungry grasshoppers spurred by US drought threaten rangeland

BILLINGS, Mont. (AP) — A punishing drought in the U.S. West is drying up waterways, sparking wildfires and leaving farmers scrambling for water. Next up: a plague of voracious grasshoppers.

Bank of England warns of rising inflation, but rates held

LONDON (AP) — The Bank of England kept its main interest rate at the record low of 0.1% on Thursday even though it warned that inflation pressures are rising as the British economy bounces back following...

US jobless claims tick down to 411,000 as economy heals

WASHINGTON (AP) — The number of Americans applying for unemployment benefits dropped last week, a sign that layoffs declined and the job market is improving.

British FM ends 3-nation Southeast Asia trip in Singapore

BANGKOK (AP) — British Foreign Secretary Dominic Raab met with business leaders and officials in Singapore on Thursday as he wrapped up a three-nation trip to Southeast Asia aimed at strengthening his...

Chart of the Day

Smartsheet Inc Cl A (SMAR)

The Barchart Chart of the Day  belongs to the software company Smartsheet (NYSE: SMAR ).   Readers are always asking me how to find stocks that are just beginning to trend before everyone else discovers them. One of the best ways is to look at Barchart's Strong Volume Gains  preformatted screener. It identifies stocks that...
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