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Dow falls 200 points as record GDP growth and encouraging jobless claims fail to soothe trader nerves

26 days ago   |   By Business Insider

Summary List Placement
US equities slid on Thursday, even as economic data pointed to a stronger-than-expected pace of recovery.
The US economy grew at a record 33.1% annualized rate in the third quarter, the Commerce Department said Thursday. The reading exceeded the 32% estimate from economists surveyed by Bloomberg.
Weekly jobless claims fell to 751,000 in the week that ended on Saturday, according to the Labor Department. The reading exceeded the median economist estimate of 770,000.
Tech stocks outperformed ahead of earnings reports from Apple , Amazon , Facebook , and Alphabet after...
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Here's why the record-shattering GDP report obscures the fact that the US economic recovery still has much further to go

Here's why the record-shattering GDP report obscures the fact that the US economic recovery still has much further to go

26 days ago   |   By Business Insider

Summary List Placement
The US economy expanded 7.4% during the third quarter of the year, the Commerce Department reported on Thursday. It's the largest growth rate ever recorded in a three-month period. At an annualized rate, it grew 33.1%.
The government reports gross domestic product figures in an annualized rate, which means it's what would happen if the economy grows or shrinks the same way for a year .
But the big figure veils a critical reality: The nation's economy has not fully recovered from the pandemic - and it still has a long way to go. The latest surge doesn't make up for...
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Two women who were detained by border agents for speaking Spanish in Montana...

Two women who were detained by border agents for speaking Spanish in Montana settle their lawsuit

Ana Suda and Martha 'Mimi' Hernandez, both US citizens, said their constitutional rights were violated when they were detained in the parking lot outside a store in Havre... Read more ...

Free tampons for millions after MSPs vote unanimously to abolish period poverty

Free tampons for millions after MSPs vote unanimously to abolish period poverty

Scotland will become the first country in the world to make sanitary products freely available to all Read more ...

Shah Rukh Khan & Salman Khan to join Hrithik Roshan's ‘War' sequel?

Shah Rukh Khan & Salman Khan to join Hrithik Roshan's ‘War' sequel?

Shah Rukh Khan recently began the shoot of his upcoming project, ‘Pathan' at a studio in Mumbai. The leading lady of the film, Deepika Padukone, also joined the set yesterday... Read more ...

Scotland is first country in world to end period poverty after MSP Monica...

Scotland is first country in world to end period poverty after MSP Monica Lennon leads campaign

The Bill was passed in the Scottish Parliament on Tuesday. Read more ...

Donald Trump holds bizarre 60 second briefing to hail economic surge he said...

Donald Trump holds bizarre 60 second briefing to hail economic surge he said wouldn't happen

Donald Trump made a bizarre 60 second appearance on Tuesday to tout US stock market success while flanked by Vice President Mike Pence Donald Trump has held a bizarre surprise... Read more ...

Gay penguin 'fathers' successfully hatch surrogate egg for the second time

Gay penguin 'fathers' successfully hatch surrogate egg for the second time

Australia's first gay penguin couple have become fathers for the second time after adopting an egg that was rejected by a straight couple. Read more ...

Taylor Swift announces surprise film about smash-hit album folklore and fans...

Taylor Swift announces surprise film about smash-hit album folklore and fans are freaking out

Taylor Swift is giving fans a closer look into the world of folklore with her new Disney Plus film Taylor Swift fans are in for another treat as the singer announced her... Read more ...

Elon Musk is now the world's second-richest person. Here's how the...

Elon Musk is now the world's second-richest person. Here's how the billionaire Tesla and SpaceX CEO went from getting bullied as a child to becoming one of the most successful and controversial men in tech

Summary List Placement It seems like there's nothing Elon Musk won't try. As CEO of SpaceX and Tesla, founder of The Boring Company, and cofounder of OpenAI and Neuralink, Musk... Read more ...

Healthcare is set to see massive job growth over the next decade. From...

Healthcare is set to see massive job growth over the next decade. From nurses to doctors, here's the education and skills you need to break into the medical field

Summary List Placement Employment in the healthcare industry is expected to grow by about 15% from 2019 to 2029, adding about 2.4 million jobs , according to the most recent... Read more ...

Christmas tree 'shortage' coming after imports halted by Danish mink cull

Christmas tree 'shortage' coming after imports halted by Danish mink cull

The UK normally imports more than one million Nordmann Fir trees each year from what is Europe's largest festive tree producer - however coronavirus restrictions could leave... Read more ...