The 10-year Treasury yield, which spiked to 14-month highs in March and dogged tech stocks, ticked higher early Thursday but remained under 1.6%.
The Labor Department on Thursday reported 547,000 new filings for unemployment benefits during last week, lower than expected and a new Covid pandemic low.
Southwest Airlines said Thursday that leisure travel bookings continue to rise and it expects breakeven cash flow “or better” by June.
The carrier, like its large-carrier rivals Delta and United, has been forced to do without much of the business and international travel revenue they long relied on.
Credit Suisse CEO Thomas Gottstein said that had it not been for Archegos, Q1 would have been “one of our best quarters in the history” of the bank.
greenhouse gas emissions in half by 2030, the White House announced ahead of hosting a global climate summit Thursday and Friday.
There’s also growing concern about the double mutation of a Covid variant that was discovered in India, which could make the virus more contagious.
However, unlike India and Brazil, which are in the midst of surges, new daily cases in the U.S.