The Dow gained more than 300 points, or about 0.9%, to reach a record intraday and closing high and break above the 34,000 level.
consumer on Thursday, with the Commerce Department’s March retail sales showing the best monthly rise in retail sales since May 2020.
Relative to pre-pandemic levels, food and drink services sales are down just 5.1%, while clothing store sales are now higher than they were in February 2020,” Michael Pearce, senior U.S.
Members of the Federal Reserve have also underscored the recent pick-up in economic activity.
But even given the recovery, central bank officials have stuck to their script that the economy still needs significant support as it emerges from the pandemic.
By category, sporting goods, hobby and book stores posted the biggest monthly increase at 23.5%, followed closely by clothing and clothing accessories stores at 18.3%.
Initial unemployment filings totaled 576,000 for the week ended April 10.
Continuing unemployment claims, however, came in higher than expected, totaling 3.731 million versus the 3.700 million expected.
The managed care company delivered adjusted earnings of $5.31 per share on revenue of $70.2 billion, with both metrics growing over last year and beating expectations for $4.40 per share on revenue of $69.3 billion, according to Bloomberg data.
“This outlook continues to include approximately $1.80 per share in potential net unfavorable impact to accommodate continuing COVID-19 effects, such as: testing and treatment costs; the residual impact of people having deferred care in 2020; and unemployment and other economy-driven factors.
First-quarter core earnings per share were $1.21, or better than the $1.12 expected.
A stalker who claims pop star Taylor Swift is communicating with him on social media was arrested on a trespassing charge after trying to break into the singer’s Manhattan apartment, police said Monday.
Translation tools from Alphabet Inc’s Google and other companies could be contributing to significant misunderstanding of legal terms with conflicting meanings such as “enjoin,” according to research due to be presented at an academic workshop on Monday.
The deal, which was announced in September, puts a vital supplier to multiple silicon chip makers under the control of a single player, generating pushback from regulators and rivals to Nvidia, the biggest U.S.
Four drugmakers are set to face trial on Monday in a lawsuit by several large counties in California that are seeking more than $50 billion over claims the companies helped fuel an opioid epidemic by deceptively marketing addictive painkillers.
But the city is facing shortages of oxygen and some medicine, according to Chief Minister Arvind Kejriwal, who told reporters that the new stringent measures being imposed were required to “prevent a collapse of the health system,” which had “reached its limit.” Just months after India thought it had seen the worst of the pandemic, the virus is now spreading at a rate faster than at any other time, said Bhramar Mukherjee, a biostatistician at the University of Michigan who has been tracking infections in India.
Brazil’s economic activity surged in February, a central bank index showed on Monday, one of the strongest gains on record and a sign that the economy had been humming along nicely before it was hit by a deadly second wave of the COVID-19 pandemic.
Asia-Pacific Fetal and Neonatal Care Equipment Market are expected to register a 9.
Tencent, China’s biggest social media and video games company, said its investment would fund initiatives in areas including basic science, education innovation, rural revitalisation, carbon neutrality, food, energy, and water provision, assistance with public emergencies, technology for senior citizens and public welfare.
banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about possible backlash over increased surveillance, more than a dozen banking and technology sources told Reuters.
Dublin, April 19, 2021 : Canon, Inc.Curadel, LLCEsaote SPAFluopticsGE HealthcareHitachi, Ltd.Impedimed LimitedMindray Medical International LimitedMitaka Usa, Inc.Neusoft CorporationPhilipsShimadzu CorporationSiemens HealthineersStryker CorporationUnited Imaging Healthcare Co., Ltd.
Organizers of a $20 million contest to develop products from greenhouse gas that flows from power plants announced two winners Monday ahead of launching a similar but much bigger competition backed by Elon Musk.