Economy

Stock futures traded mostly flat Thursday as investors awaited Friday’s highly anticipated jobs report.

Hiring was strong in April and job growth could top 1 million, though many jobs also went unfilled.

Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Fed warned in a report Thursday.

These are the stocks posting the largest moves after the bell on Thursday, May 6.

The 25% rate was the most concrete outline Biden has offered so far as a potential compromise he would accept to fund his major infrastructure bill.

Carl Icahn has sold the last of his Herbalife stake, sources familiar with the matter told CNBC’s Scott Wapner, closing a position that caused a memorable disagreement on Wall Street. On the other side of Icahn’s long bet was Pershing Square’s Bill Ackman, who was short the stock. The trade was handled by Jefferies, with around 5 million shares...

The world risks “running out of copper” amid widening supply and demand deficits, according to Bank of America, and prices could hit $20,000 per metric ton by 2025.

Initial claims for unemployment benefits fell sharply last week to 498,000, a drop of nearly 100,000 from the previous week and below the 527,000 estimate.

By forcing the GOP to choose between defending corporate tax cuts and creating more blue-collar jobs, Biden’s move undermines Republicans’ rebranding plan.

The South Asian country accounted for 46% of new coronavirus cases globally and one in every four deaths in the past week, said the World Health Organization.

For some homebound travelers yearning for a vacation, the question isn’t whether to book a vacation this year, but when.  Enthusiasm for travel is at its highest point in a year, with 87% of American travelers expected to take a trip this summer, according to a survey conducted last week by travel market research company Destination Analysts. But is the…

Hilton CEO Christopher Nassetta expressed optimism around the return of business travel, a crucial segment for the hospitality industry.

Fed Vice Chairman Richard Clarida said he thinks the central bank should keep policy in place even as the economy storms back.

These are the stocks posting the largest moves after the bell on Wednesday, May 5.

States asked hundreds of thousands of workers to repay their unemployment benefits during the Covid pandemic. Now, many will be getting refunds.

President Biden’s American Families Plan costs far more than the White House estimates and increase government debt by 5% by 2050, Wharton says.

Montana Gov. Greg Gianforte is ending expanded unemployment benefits in June and replacing them with a $1,200 return-to-work bonus.

Equinox is in talks to go public via Palihapitiya-backed SPAC, sources say

Private payrolls grew by 742,000 in April, according to ADP. It was well above March’s 565,000 new jobs, but less than the 800,000 Dow Jones estimate.

Treasury Secretary Janet Yellen said she’s encouraged so far by developments in talks with other countries on a global minimum corporate tax.