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  • Mar 20, 2025

US labor market remains stable, but job opportunities limited

The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March, though the outlook is darkening amid rising trade tensions and deep cuts in government spending. Economists say still-high interest rates and policy uncertainty are making companies cautious about increasing headcount. "The data continue to tell a story of relatively few private-sector layoffs but limited employment opportunities for those who are unemployed," said Nancy Vanden Houten, lead U.S. economist at Oxford Economics.

  • Mar 20, 2025

Applications for jobless benefits inch up, but layoffs remain low, labor market healthy

Slightly more Americans applied for unemployment benefits last week, but layoffs remain historically low. U.S. jobless claims filings rose by 2,000 to 223,000 for the week ending March 15, the Labor Department said Thursday. Weekly applications for jobless benefits are considered a proxy for layoffs, and have remained mostly in a range between 200,000 and 250,000 for the past few years.

  • Mar 20, 2025

Ontario Teachers’ Gains 9.4% in 2024, Boosted by Venture, Stocks

(Bloomberg) -- Ontario Teachers’ Pension Plan gained 9.4% last year, driven by strong returns in stocks, venture growth and commodities. Most Read from BloombergAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesThe performance boosted the fund’s net assets t

  • Mar 20, 2025

Academy Sports’s (NASDAQ:ASO) Q4 Earnings Results: Revenue In Line With Expectations, Stock Soars

Sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 6.6% year on year to $1.68 billion. On the other hand, the company’s full-year revenue guidance of $6.18 billion at the midpoint came in 1% below analysts’ estimates. Its non-GAAP profit of $1.96 per share was 7.6% above analysts’ consensus estimates.

  • Mar 20, 2025

Factbox-Major brokerages see slower pace of Fed rate cuts despite Trump tariff uncertainty

Major brokerages maintained their predictions for a slower pace of interest-rate cuts by the U.S. Federal Reserve after the central bank kept its benchmark interest rate unchanged on Wednesday. The Fed left its benchmark overnight interest rate in the 4.25-4.50% range, with Chair Jerome Powell describing the current uncertainty as "unusually elevated," citing challenges in making new economic projections due to recent Trump administration policy changes. The Fed also forecast slower economic growth and higher inflation.

  • Mar 20, 2025

The used Tesla market is crumbling

As Elon Musk continues to take an outsized and controversial role in the US government, reports of harassment of Tesla owners and vandalism of showrooms and vehicles are on rise. That may, in part, be contributing to plunging resale values and interest in used Teslas in the United States.

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