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Economic News

Sun, Apr 11th, 2021
Fed's Powell sees US boom ahead, with COVID still a risk

WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said in an interview broadcast Sunday, though the coronavirus still poses...

CEOs gather to speak out against voting law changes

A number of top executives and corporate leaders gathered online this weekend to discuss what to do in response to changes to some state voting laws, according to multiple news reports.

AXP : 147.78 (+0.50%)
Business faces tricky path navigating post-Trump politics

WASHINGTON (AP) — For more than a half-century, the voice emerging from the U.S. Chamber of Commerce’s monolithic, Beaux Arts-styled building near the White House was predictable: It was the embodiment...

Biden sees `win' for US in electric vehicle battery deal

WASHINGTON (AP) — Two big South Korean electric vehicle battery makers said Sunday they have settled a long-running trade dispute that will allow one company to move ahead with plans to manufacture batteries...

Pubs, hairdressers set to reopen as UK eases virus lockdown

LONDON (AP) — Millions of people in Britain will get their first chance in months for haircuts, casual shopping and restaurant meals on Monday, as the government takes the next step on its lockdown-lifting...

Online grocery Weee's Larry Liu on delivering in a pandemic

became during the pandemic lockdowns, and Weee, a startup focused on Asian grocery delivery, was no exception.

With key deals, Uganda's nascent oil sector nears maturity

KAMPALA, Uganda (AP) — Uganda, Tanzania and French oil company Total signed agreements Sunday on building a heated pipeline to carry crude oil from western Uganda to the Indian Ocean coast. Construction...

IMF: Vaccine inequity threatens Mideast's economic recovery

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase...

AP source: Electric vehicle battery firms settle trade spat

WASHINGTON (AP) — Two big South Korean electric vehicle battery makers have settled a long-running trade dispute that will allow one of them to move ahead with plans to make batteries in Georgia, a person...

After Amazon: Labor tries to regroup in wake of Alabama loss

WASHINGTON (AP) — Despite the strongest public support and the most sympathetic president in years, the American labor movement just suffered a stinging defeat -- again.

AMZN : 3,372.20 (+2.21%)
Biden budget seeks more for schools, health care and housing

WASHINGTON (AP) — President Joe Biden released a for his first federal budget, asking for substantial gains for Democratic priorities including education, health care, housing and environmental protection....

The Latest: Navajo Nation issues weekend stay-at-home order

WINDOW ROCK, Ariz. -- The Navajo Nation has issued a stay-at-home order for the weekend after reporting 26 more confirmed COVID-19 cases.

JNJ : 161.25 (-1.06%)
PFE : 36.60 (+1.78%)
BNTX : 122.14 (+6.68%)
Biden budget seeks more for schools, health care and housing

WASHINGTON (AP) — President Joe Biden released a for his first federal budget Friday, asking for substantial gains for Democratic priorities including education, health care, housing and environmental...

Feds charge 3 more in massive California unemployment fraud

SACRAMENTO, Calif. (AP) — Federal prosecutors said Friday that they have charged three Southern California women with using prison inmates' names to bilk a state agency out of a combined nearly $1.25...

The Latest: US 7th Fleet: 14,000 personnel fully vaccinated

PHILIPPINE SEA — The U.S. 7th Fleet that operates throughout the Indo-Pacific says more than 14,000 of its service members have received their full doses of the coronavirus vaccine, which it began administering...

JNJ : 161.25 (-1.06%)
Tech company gains help push S&P 500 to record high

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500 and Dow Jones Industrial Average to all-time highs.

SNE : 106.01 (+1.44%)
MRO : 10.91 (+0.09%)
UNH : 376.30 (+3.13%)
MSFT : 255.85 (+1.03%)
BAC : 39.99 (+0.73%)
CI : 246.10 (+3.29%)
JPM : 156.28 (+0.75%)
WFC : 40.50 (+1.17%)
Amazon warehouse workers reject union bid in Alabama

Workers at an Amazon warehouse in Bessemer, Alabama handed the online retail giant a decisive victory when they voted against forming a union and cut off a path that labor activists had hoped would lead...

AMZN : 3,372.20 (+2.21%)
WMT : 139.78 (+0.05%)
TGT : 205.36 (+0.93%)
Study: Facebook delivers biased job ads, skewed by gender

Facebook is showing different job ads to women and men in a way that might run afoul of anti-discrimination laws, according to a new study.

LNKD : 195.96 (+0.01%)
BJ's Wholesale CEO Lee Delaney dies unexpectedly at 49

NEW YORK (AP) — Lee Delaney, president and CEO of BJ's Wholesale Club, died unexpectedly, the company said. Delaney was 49.

BJ : 44.35 (-1.00%)
Amazon warehouse workers reject union bid in Alabama, delivering win for company and a blow to labor movement

BIRMINGHAM, Ala. (AP) — Amazon warehouse workers reject union bid in Alabama, delivering win for company and a blow to labor movement.

Chart of the Day

LGI Homes Inc (LGIH)

The Barchart Chart of the Day  belongs to the entry level homebuilder LGI Homes (NASDAQ: LGIH ).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the...
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