© Reuters. Euro’s Appreciation Worries Some ECB Board Members, FT Says (Bloomberg) — European Central Bank policy makers are concerned about the euro’s appreciation and warned that further gains will weigh on exports and bring down prices, the Financial Times reported. The common currency extended losses. Several members of the ECB’s governing council said the currency’s gains against the dollar and other peers risk holding back the eurozone’s recovery, the newspaper reported without naming them.…"Euro’s Appreciation Worries Some ECB Board Members, FT Says By Bloomberg"
Elon Musk Jim Watson | AFP | Getty Images Tesla shares slid more than 6% during premarket trading on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the auto maker said it would raise up to $5 billion in a new stock offering. The stock is poised to open Thursday’s session around $418.50, or more than 16% below Monday’s close, a day when the stock…"Tesla is dropping again, bringing three-day loss to 16%"
New filings for jobless claims totaled 881,000 last week, better than estimates as the employment market continued its gradual progress during the coronavirus pandemic recovery. Economists surveyed by Dow Jones had been looking for a total of 950,000. The number reflects both an improving labor market as well as a change in methodology from the Labor Department to address seasonal factors. Unique circumstances associated with the coronavirus likely caused jobless claims totals to be overstated…"U.S. weekly jobless claims total 881,000, vs 950,000 expected"
Stocks making the biggest moves in the premarket: Facebook, Tesla, Kansas City Southern, Costco & more SEARCH QUOTES Source link"Facebook, Tesla, Kansas City Southern, Costco & more"
Jul 25th 2020 AMSTERDAM, MISSISSAUGA AND TOKYO Editor’s note: Some of our covid-19 coverage is free for readers of The Economist Today, our daily newsletter. For more stories and our pandemic tracker, see our hub “IT SMELLED LIKE death,” says Stephanie (not her real name) of her first day at Camilla Care Community, a nursing home in Mississauga, a city in Canada. She and other care workers were sent to help out at the 236-bed…"Who cares? – The pandemic shows the urgency of reforming care for the elderly | International"