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US jobless claims fall to eight-year low

US jobless claims fall to eight-year low

Last Updated: Thursday, July 24, 2014, 19:15

New claims for US unemployment insurance benefits tumbled to an eight-year low last week, pointing to a firming labor market, according to official data released Thursday.

US top business place for investors: Obama

Last Updated: Thursday, July 24, 2014, 10:54

Noting that his country has bounced back from its worst ever recession, US president Barack Obama has said America is now the top place for investors to do business.

US stocks end lower as Ukraine, Gaza weigh on markets

Last Updated: Tuesday, July 22, 2014, 09:46

At the closing bell, the Dow Jones Industrial Average dropped 47.07 points (0.28 percent) to 17,053.11.

Dollar little changed ahead of housing, inflation data

Last Updated: Tuesday, July 22, 2014, 08:44

The report follows some other recent data showing higher inflation, although US Federal Reserve Chair Janet Yellen and others have downplayed those reports.

Asian shares mixed after Wall St rally

Last Updated: Thursday, July 17, 2014, 13:10

Asian shares were mixed Thursday after the Dow on Wall Street ticked up another record high in response to strong earnings and a positive outlook on the US economy by the Federal Reserve.

Dollar creeps higher as world equities prepare for earnings

Last Updated: Monday, July 07, 2014, 14:57

The dollar was on its strongest run since late October on Monday as the momentum of last week`s stellar U.S. jobs data carried markets towards what will be a crucial earnings season for record high shares.

Asian shares off to slow start, investors look to earnings

Last Updated: Monday, July 07, 2014, 11:28

Asian stock markets got off to a slow start on Monday after a U.S. market holiday but held near three-year highs on optimism about the U.S. economy, with investors now shifting their focus to corporate earnings.

Wall St Week Ahead: Double-digit profit growth may return in Q2

Last Updated: Saturday, July 05, 2014, 02:05

With all the hoopla over the Dow topping 17,000 out of the way, the market`s next focus will be whether the fast-approaching earnings season can justify U.S. stocks climbing further into record territory.

Dow pops above 17,000, S&P 500 at record as jobs jump

Last Updated: Friday, July 04, 2014, 02:33

Wall Street`s holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected.

US jobs machine revs up, cutting unemployment to 6.1%

Last Updated: Friday, July 04, 2014, 00:39

US job creation picked up solidly in June, pushing the jobless rate down to 6.1 percent, boosting confidence in the economy and sending stocks flying to new records.

Dow Jones closes above 17,000 for 1st time

Last Updated: Thursday, July 03, 2014, 21:10

The US economy created 288,000 jobs in June and the unemployment rate declined to 6.1 percent, the lowest since September 2008.

Asian stocks tread water ahead of US jobs data

Last Updated: Thursday, July 03, 2014, 08:41

Asian stocks lingered near three-year highs on Thursday as investors waited for the U.S. nonfarm payrolls report to see if the economy is gaining momentum.